property development

Industry Highlights: Week Ending 02.06.2025 Real Estate Sector. HF Group posts Sh327m net profit in first quarter of the year HF Group’s net profit for the first three months of trading ended March 2025 rose 2.2 times to Sh3279.3 million on the back of increased interest and non-interest income. Source: Business Daily

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.

Industry HIghlights - Week ending 10.05.2025 Real Estate Sector Treasury projects housing levy flows to hit Sh95.84 billion The National Treasury projects to collect Sh 95.84 billion from the housing development levy in the financial year starting July, signalling a boost to the government’s plan to put up 200,000 subsidised houses annually for middle- and lower-income households.

Industry Highlights – Week Ending 03.05.2025 Real Estate Sector. Banks and Saccos eye affordable home KMRC loan funds The Kenya Mortgage Refinance Company (KMRC) is reviewing submissions from 42 commercial banks and SACCOs to determine their eligibility for accessing long-term funding for onwards lending to homebuyers. This follows KMRC’s move to open its doors to non-shareholding lenders. Source: Business Daily

Industry Highlights – Week Ending 27.04.2025 Real Estate Sector The Kenya Mortgage Refinance Company (KMRC) is enhancing affordable home ownership through a new strategic plan focused on financial growth and sustainability through opening up for more participating primary lenders. Source: The Business Daily

Industry Highlights - Week Ending 19.04.2025 Housing Finance Partnership with International Housing Solutions (IHS) Housing Finance Company Kenya, a leading financial institution, announced its partnership with International Housing Solutions (IHS) to support the development of the Muzi Salama green affordable housing project in Kenya. HFC will offer accessible financing solutions for purchasing eco-friendly homes within the Muzi Salama project, providing sustainable and affordable homeownership opportunities for Kenyans. Source: Housing Finance Kenya

Industry Highlights - Week Ending 12.04.2025 Here’s a roundup of key developments shaping Kenya’s energy and infrastructure sectors this past week. From major funding to boost electricity access to strategic moves in oil storage and regional fuel supply, these stories reflect the shifting landscape and emerging opportunities across the country. Click the links below to read more: 1. Mi Vida Homes, a real estate developer, announced its entry into a strategic partnership with Kenya Commercial Bank (KCB) to enhance the development of affordable and eco-friendly housing in Kenya.

Africa's Wealth Boom: Kenya Emerges as a Real Estate Goldmine In a surprising twist that's catching the eye of global investors, Africa is rapidly becoming the new frontier for wealth creation and prime real estate opportunities. At the heart of this economic renaissance? Kenya, a nation that's quickly transforming into East Africa's crown jewel for ultra-high-net-worth individuals (UHNWIs) and savvy property developers alike. The Numbers Don't Lie: Africa's Wealth is on the Rise Knight Frank's "Wealth Report 2024" drops a bombshell: Africa's UHNWI population surged by 3.8% from 2022 to 2023. While this might seem like small potatoes compared to the global average of 4.2%, it's a clear signal that Africa is punching above its weight in the wealth creation arena