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Kenya: Nairobi Governor Launches U.S.$70 Million Posh Homes for Low Earners
Nairobi News, 15 March 2019
The Nairobi County government has launched a Sh7 billion public residential apartments project in Ngara Estate. Read more »
The project, River Bank Apartments, will see 3,000 units comprising eight blocks with 34 storeys each put up for low and middle income earners in line with the government's commitment to provide affordable shelter for Kenyans.
River Bank Apartments under construction.
An oversupply of high-end homes has forced developers to sell the properties at lower prices, while a relatively unfavourable economic environment has also affected demand. ... Read more »
Agriculture, which is the country's economic backbone, remains a key driver of growth in most counties with the exception of Nairobi and Mombasa, according to a new report. It ... Read more »
A study has shown that 24% of Africa's super rich own a property in Kenya, 33 and 67% in America and UK, respectively, making Kenya their top property destination in Africa. It ... Read more »
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