By GOA International Group
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Kenya’s cement consumption dropped by 8.3 percent in April as the Covid-19 containment measures announced by the government in late March took a toll on construction activity. Latest data from the Kenya National Bureau of Statistics shows that the country consumed 505,958 tonnes in April, down from 551,914 tonnes in March. Cement consumption had been […]
In Nairobi’s Spring Valley, a developer has built smart homes that are ideal in the post-Covid future. In these homes, there is no need to keep touching nobs of appliances, cutting out the possibility of transferring the coronavirus and germs from one location to another or hiring a security officer to man the gate. […]
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Pan-African housing financier Shelter Afrique plans to raise funds from the bonds market in about two years to fund new real estate projects, the firm said Monday. The company, which is aiming to turn around its fortunes, said however the return to the bond market is still subject to its return to profitability. […]
The real estate sector grew at the slowest pace in six years in the three months to September last year, hurt by jitters over the prolonged electioneering period and a credit crunch. Fresh data from the Kenya National Bureau of Statistics (KNBS) indicate that the construction sector, a major driver of economic growth in […]
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Foreign cash is lined up to finance projects in the coming year to plug the 1.5 million national housing deficit. Kenya’s Kings Pride Properties and its US-based equity partner Milost Incorporated last month inked a deal that will see a Special Purpose Vehicle (SPV) established to oversee implementation of new projects worth Sh45 billion […]
