Acre Property Watch

Industry Highlights: Week Ending 08.06.2025

Real Estate Sector

Mi Vida Homes has secured a bulk sale of a portion of its KEZA Riruta residential development to a local fund.

Residential developer Mi Vida Homes has secured a bulk sale of a portion of its KEZA Riruta residential development to a local fund. The fund has committed to acquiring a substantial allocation of residential units in the second phase of the development, highlighting the investment potential for housing-linked instruments within the domestic capital markets.

Source: Business Daily

Ruto unveils plan for Housing Levy contributors to access up to Sh5 million loans

President William Ruto has announced that the government will soon propose a law to Parliament allowing contributors to the Housing Levy to access affordable home loans of up to Sh5 million.

Source: The Star

NSSF offers a glimpse into the lucrative property market

The state-run pension scheme, National Social Security Fund (NSSF), has offered a glimpse into the lucrative property market after revealing the value of several iconic buildings it owns around Nairobi.

Inside State plans to use Housing Levy cash to construct schools, markets

Days after President William Ruto announced plans for changes to the Affordable Housing Levy law, it has emerged that the government seeks to alter the regulations to allow for diversion of the funds to finance the construction of schools, markets, police posts, and hospitals.

Source: Daily Nation

Do you know your rights as a residential landlord?

A conveyancing lawyer provides an in-depth examination of the rights and protections landlords are entitled to under Kenyan law. His expert insights offer practical guidance for both experienced landlords and those new to property management.

Source: Daily Nation

State in Sh4bn windfall from housing levy T-bills interest

The government has earned Sh4.2 billion in interest income from billions of shillings in Treasury bills, new disclosures to the National Assembly show, amid a low absorption rate of the funds meant to build cheaper homes for low- and middle-income households.

Source: Business Daily

Land Sector

Customary property I’m in a financial fix, can I sell our ancestral land?

Ancestral land, often at the heart of Kenyan families, still carries legal weight and must be respected. Therefore, when land is proven to be held under a customary trust, it cannot be sold freely. Its primary purpose is to be preserved and passed on to future generations.

Source: Business Daily

The state barred from taking over the Delamere family land

The Environment and Land Court in Nakuru has issued temporary orders barring the government from taking over the 10,000 acres of land belonging to the Lord Delamere family in Naivasha sub-county.

Source: Daily Nation

Kibokoni squatters protest land grabbing, demand fresh adjudication

Squatters at the Kibokoni Baharini squatter settlement scheme in Sabaki ward, Magarini sub-county, Kilifi County, have protested the skewed adjudication of a 540-acre piece of land and are demanding a repeat of the exercise.

Source: The Standard

Treasury, bank blocked from Uchumi Lang’ata land

A court has denied the government and UBA Bank Kenya permission to take over and auction a property owned by Uchumi Supermarkets Ltd in Lang’ata, Nairobi, to recover a combined debt of Sh1.3 billion after plans for a compulsory acquisition by the military collapsed.

Source: Business Daily

Raila land donation row: Clans threaten to stop Kisumu affordable housing project

Tensions are rising in Kisumu County, where members of the Korando and Kogony clans are threatening to prevent the implementation of a Sh128 billion real estate project. They accuse the developers and government officials of seizing ancestral land without consulting the community.

Source: The Nation Africa

Over 5,000 Nairobi land rate defaulters face auction as City Hall steps up recovery drive

More than 5,000 Nairobi land rate defaulters have received final SMS warnings as the county government launches an auction campaign targeting properties with overdue payments.

Source: Eastleigh Voice

Fresh demolition looming? Mavoko dwellers, KCB feud over Sh20b land

Residents of Mavoko face the potential for demolition as they feud with KCB over a Sh20 billion land dispute, with the court set to rule on June 26, 2025.

Source: The Star

Hospitality Sector

Hemingway expands into Rwanda with an acquisition

Hemingway’s Hospitality and travel group has expanded into Rwanda through the acquisition of Heaven Holdings. The Rwanda-registered US firm operated a chain of businesses, including The Restaurant, Fusion Restaurant, and Heaven Boutique Hotel, as well as Heaven Experiences, the company’s tour operating arm.

Source: The East African

Infrastructural development

Treasury funding for road and bridge projects up 42% in nine months

The Treasury’s disbursement of funds for roads and bridges surged 42.59 percent in the first nine months of the current financial year, pointing to a resumption of construction projects.

Source: Business Daily

Construction Sector

Cement uptake shows signs of recovery after a two-year slide

Cement firms recorded the first growth in quarter one sales in three years, signalling recovery in construction activities, which contracted last year on elevated interest rates and reduced expenditure on public infrastructure projects.

Source: Business Daily

Energy Sector

Umeme to press Uganda for Sh37.7 billion payout in London arbitration

Umeme Limited is set to escalate its $292 million (Sh37.7 billion) compensation dispute with the Ugandan government, after weeks of talks failed to end the stalemate.

Source: Business Daily