Industry Highlights: Week Ending 24.05.2025
Real Estate Sector
Tatu City partnership with Stanbic Bank
Tatu City has partnered with Stanbic Bank to enhance property ownership accessibility for Kenyans and diaspora investors. The collaboration offers up to 105% financing at a competitive flat interest rate of 9.5% for homes valued up to KES 10.5 million.
Source: Stanbic Bank Kenya-LinkedIn
- Real estate firms to build mixed-use facility in Westlands
Property developer Mi Vida Homes has signed a strategic partnership with Space Master Properties for the commercial and construction development of Habitat, a 24-story mixed-use development along Rhapta Road in Westlands.
Source: Standard Media
- KCB Bank and Superior Homes pen deal to offer flexible mortgages
Property developer Superior Homes Kenya has signed a Memorandum of Understanding (MoU) with KCB Bank Kenya to provide customised mortgage products to prospective home owners.
Source: Standard Media
- Trump’s aid cuts hit Nairobi upmarket home landlords
High-income earners from non-governmental organizations’ (NGOs) sector are abandoning rental homes in Nairobi’s upmarket neighbourhoods, raising jitters among property owners and developers in the prime real estate segment.
Source: Business Daily
- Bustling Mwihoko How a quiet Ruiru village became property hotspot
Once a quiet village in Ruiru, Mwihoko has transformed into a thriving property hub due to its proximity to the planned Northlands City and institutions like Kenyatta University and Kiriri Women’s University.
Source: Nation Africa
- Kiambu automates construction and land approvals to weed out extortion ring and curb revenue leakages
The devolved government of Kiambu has begun automating building approvals and land rate payments as it seeks to improve services that have been marred by delays and allegations of extortion by unscrupulous county land officials.
Source: Nation Africa
- Kenya’s real estate sector needs inclusive, community-driven development
Kenya’s real estate sector continues to be one of the most dynamic drivers of economic growth. Tower cranes dot Nairobi’s skyline, new gated communities emerge across suburbs, and high-rise apartments are reshaping the cityscape.
Source: Business Daily
- Mombasa leaders demand Buxton Phase 2 inclusion in housing scheme, accuse state of bias
Mombasa leaders have strongly criticised the State Department of Housing for allegedly excluding the county from the rollout of the Tenancy Purchase Scheme (TPS), even though all required documents for Buxton Phase 2 have already been submitted.
Source: Eastleighvoice
Mukuru residents: We now have houses with water, toilets and gas
The first units of the affordable housing project under President William Ruto in Mukuru slums are now occupied, giving a new face to the lives of residents in one of Nairobi’s most densely populated low-income neighbourhoods.
Source: Nation Africa
Land Sector
Landowners owe City Hall Sh 50 billion in land rates arrears
The escalated crackdown on land rates defaulters by the Nairobi County Government has exposed how property owners are denying the city billions of shillings in revenue.
Source: Nation Africa
- Bid to stop Portland Cement land sale flops
A Nairobi lawyer has lost a bid to stop East African Portland Cement (EAPC) from selling its land in Athi River to raise at least Sh 10 billion in working capital.
Source: Business Daily
- What are the main grounds for losing leasehold rights?
I bought land on lease from the county council; I don’t have the money to develop it now. Can I lose the land? The lease is for 99 years, and I pay the land rates.
Source: Nation Africa
- Land rates order likely to lead to scams, injustice
The recent directive to auction properties or freeze the accounts of those who have fallen behind in paying their land rates adds to the list of punitive measures governments are taking against struggling Kenyans.
Source: Nation Africa
- Developers plead for regularisation as KMC extends Mavoko eviction notice by 30 days
Over 600 homeowners and landlords in Mavoko, Machakos County, are appealing to the government to stop planned demolitions on land owned by the Kenya Meat Commission (KMC), urging authorities to instead regularize their plots.
Source: The Star
- Tribunal quashes bid to acquire Jamia Mosque land
A tribunal has quashed gazette notices for the acquisition of land near Globe Cinema Roundabout valued at Sh 3.9 billion by the Nairobi devolved government
Source: Nation Africa
Infrastructural development
Inside State’s plan to power 2.3 million additional households by 2027
The government has unveiled an ambitious plan to connect 2.3 million more households to electricity by 2027 as it seeks to increase electrification to 95 per cent.
Source: Standard media
Construction Sector
Race for the skies’ shifts to smart buildings
Like bodybuilders flexing their muscles on stage, exaggerating their looks by smearing themselves with oil, the biggest flex in real estate has always been about who builds the tallest skyscraper.
Source: Standard Media
- Mukuru is not Singapore: How Ruto’s housing gamble missed the mark
President William Ruto’s recent launch of the new Mukuru estate, hailed as a flagship affordable housing project, has been packaged with political fanfare and public optimism.
Source: Standard Media
- Contractor explains delay of Sh1.16 bn Kipchoge 64 Stadium
A contractor has blamed the Uasin Gishu County Government for the stalled Sh 1.16 billion Kipchoge 64 Stadium amid calls by a parliamentary committee for a probe.
Source: Nation Africa
Energy Sector
- Pension funds tipped to fund Ketraco power lines
Kenyan insurers and pension funds are ideal for financing the construction of electricity transmission lines under the public-private partnership (PPP) model, which could help the state ease reliance on foreigners to fund the projects.
Source: Nation Africa
- Oil majors overcharging owners of petrol stations
Kenya’s six biggest oil firms are charging petrol station operators unapproved fees and barring them from selling rival lubricants, exposing consumers to higher product prices.
Source: Business Daily
- Kenya Power cleared to buy Sh1.2bn transformers in tender row
Kenya Power has been cleared to buy transformers worth Sh 1.2 billion within days following a tendering row, a decision that will help plug a shortage occasioned by the country’s growing demand for electricity connections.
Source: Business Daily
