Broadband connectivity has emerged as a major focus in Kenya, and is seen as a catalyst for inclusive economic growth and the transition to a knowledge-based economy. The country has seen a significant increase in connectivity, in particular in 2010, when three international cables were connected. The cost of connectivity fell by 80% in 2011, according to a report by the...
Prior to the 2009 National Land Policy (NLP), Kenya’s real estate sector had been governed by complex and often incompatible administrative mandates. A consequence of the 2004 UN-HABITAT reform initiative, the 2009 NLP is the government’s first attempt to streamline national laws. It is also the first policy to provide a single and clearly defined national land policy...
Kenya has a fragmented domestic construction industry, mainly populated by small and medium-sized contractors who may not always have the capacities and capabilities required for large infrastructure projects. As a result, foreign contractors have long played a sizeable role. In East Africa, European and US contractors make up roughly half of the market in terms of...
Following several years of sustained growth, the outlook for Kenya’s construction sector remains positive as the industry benefits from the elevated levels of public spending outlined in the Vision 2030 development strategy. With a host of infrastructure projects planned, as well as increased housing demand, contractors are set to profit from a continuation of the robust...
One of Africa’s best-performing markets for investors, in the past 14 years Kenya’s property prices have increased three-fold, including a 9.6% year-on-year leap from 2011 to 2012, according to HassConsult, a local property development and services firm. Investment returns are in excess of 28%, figures from the Kenya Property Developers Association show. The sector is...
While significant public and private investment in new transportation projects will make a major impact on Kenya’s road, rail, aviation and maritime networks, one of the most significant challenges facing the efficient flow of goods and people in the country currently is non-tariff barriers (NTBs). Delays at Customs, excessive paperwork, and misaligned legal and...
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