What happened, and who moved.
The heirs of Kenyan billionaire Nelson Muguku are approaching a deal to sell their Karen mall for approximately $70 million, significantly below its 2021 asking price.
Coverage of TRIFIC's USD-denominated I-REIT offering backed by Nairobi's Two Rivers North Tower, targeting 8% annual yield, alongside analysis of subdued residential real estate demand among Kenya's wealthy.
Acorn, Absa Bank Kenya and Co-operative Bank launched the Zinduka Graduate Enterprise Programme combining unsecured student housing loans with start-up capital for graduates, with Co-op Bank committing KSh 1 billion to the initiative.
Kenyan banks are increasing private-sector lending capacity amid stronger deposits and improved liquidity, while tightening credit standards for real estate and wealth managers cite structural challenges dampening residential demand.
Africa's first USD-denominated green income REIT completed an oversubscribed listing on Kenya's NSE, positioning the offering as evidence of strong capital availability in the Kenyan market.
TRIFIC's Green USD I-REIT closed an oversubscribed offering raising $30.82 million, anchored by a fully leased Nairobi office tower set to list on the NSE.
China Road & Bridge Corporation has been selected to construct Jabali Towers, a major vertical development at Tatu City in Kenya expected to generate over 2,000 jobs during construction and operations.
Kenya is developing a mixed-use tech city in Nakuru centred on innovation and skills development, anchored by the Rift Valley National Polytechnic.
Mi Vida Homes' management team, led by CEO Samuel Kariuki, bought full ownership of the Nairobi green/affordable-housing developer from UK-based Actis and India's Shapoorji Pallonji, ending seven years of international investor backing; the price was not disclosed.