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. Although a slowdown in capital inflows into infrastructure and real estate projects between 2009 and 2011 impacted real growth rates, the sector as a whole has delivered...
Africa Construction
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Chapter | Construction & Real Estate from The Report: Kenya 2014
Articles & Analysis | Regulatory and legislative reforms are providing more equitable land access from The Report: Kenya 2014
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...
Interviews & Viewpoints | OBG talks to Mohamed Hassanali, CEO & Director, HassConsult Real Estate from The Report: Kenya 2014
What factors lie behind Kenya’s real estate boom, and to what extent can a bubble be avoided?
Articles & Analysis | New regulations encourage foreign companies to partner with local firms from The Report: Kenya 2014
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...
Articles & Analysis | At the centre of the country’s economic ambitions, the sector eyes continued expansion from The Report: Kenya 2014
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...
Articles & Analysis | Sector prospects broaden as economic devolution accelerates from The Report: Kenya 2014
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...