State Loses Bid to Seize Controversial British Businessman's Mombasa Properties
The agency had sought to have three apartments in Mombasa’s Mainland North valued at a total of KSh 18mn, and any rental income derived from them, declared proceeds of crime
Real Estate’s Shift from Speculation to Yield Takes Centerstage at This Week’s East Africa Property Investment (EAPI) Summit in Nairobi
EAPI 2026 will take place Wednesday May 13th to Thursday May 14th at the Radisson Blu, Upper Hill in Nairobi – marking a busy week of investor conversations in Kenya’s capitalCourt Declines Kilimani Residents' Bid to Halt High-Rise
Once a low-density suburb of standalone homes, Kilimani has rapidly transformed into one of Nairobi’s most contested high-rise zones, driven by rising housing demand, zoning shifts, and the economics of land useExpress Kenya Posts 12th Straight Loss-Making Year
Express Kenya has recorded its 12th consecutive annual loss, with revenue falling 19% to KSh 21.27 Mn in 2025 as strip mall construction curtailed rental income. Finance costs of KSh 51.57 Mn more than doubled total revenue. A KSh 300 Mn land sale agreed in June 2025 completed in Q1 2026 and will be recognised in FY2026 results.
KRA Moves to Force All Landlords onto Tax Register as KSh 83Bn Revenue Gap Persists
2026 draft rental tax rules propose mandatory eRITS registration for landlords earning KSh 288,000 to KSh 15 million annually, taxed at 7.5% on gross income. KRA collects KSh 17 billion against a KSh 100 billion potential. Public comments close May 25, 2026.Home Afrika Posts Second Straight Profit But Balance Sheet Stress Lingers
NSE-listed Home Afrika delivered a KSh 117.89 million profit in FY2025 as cost cuts and golf course income offset a 34.9% revenue drop. Margins expanded across all measures but the KSh 680.95 million private placement bond remains unresolved and total equity stays deeply negative.KMRC Floats KSh 3bn Bond to Refinance Home Loans
KMRC has launched a KES 3bn sustainability bond offer open until May 12, 2026. The eight-year note is Tranche 2 of its KES 10.5bn MTN programme. Proceeds target green and social home loan refinancing. NSE listing is scheduled for May 25, 2026.The Poacher’s Assets: State Wins Mercedes, Loses Mathare Real Estate in Split Court Verdict
Justice B.M. Musyoki allowed the Assets Recovery Agency (ARA) to seize motor vehicle KBE 416Y, ruling it was an “instrumentality of crime,” but declined to forfeit two commercial plotsThe ‘Institutional Era’ for East African Real Estate: EAPI Summit Sets the Stage for Scale
As the region’s key cities expand at break-neck pace, the 13th Annual East Africa Property Investment (EAPI) Summit arrives at a critical juncture to connect international capital with the sector’s most influential project leaders.
LAPTRUST Imara I-REIT Posts Third Straight Loss as Rental Income Drops 39%
LAPTRUST Imara I-REIT recorded a net loss of KSh 280.32Mn for the year ended 31 December 2025, worsening from KSh 204.30Mn in FY2024. Rental income collapsed 39.4% to KSh 290.58Mn while a KSh 540.10Mn fair value markdown on investment property, the third consecutive annual loss of this kind, pushed cumulative property value erosion to KSh 1.29Bn since listing. Total equity fell to KSh 5.95Bn, implying a NAV per unit of KSh 17.20 against the KSh 20 listed price. A final distribution of KSh 0.60 per unit was approved, payable by 30 April 2026.Why Sameer Africa's KSh 9.19Bn in Properties Sit in Its Books at KSh 933Mn
Sameer Africa Plc is set to complete the sale of 3.75 acres of Mombasa Road land valued at US$7.13 Mn (KSh 919.70 Mn), carried on its books at KSh 15,000, with closure projected in Q2 2026. The proceeds would clear the company's retained earnings deficit of KSh 206.72 Mn and unlock dividends for the first time since FY2014. The deal spotlights a wider valuation gap: Knight Frank values Sameer Africa's investment property portfolio at KSh 9.19 Bn against a book value of KSh 932.79 Mn, implying unrecognized gains of KSh 8.26 Bn. The company holds an estimated 85-acre land bank in Nairobi's Embakasi area. The 3.75 acres being sold is less than 5% of that total.Sameer Africa Sells Last Tyre, Posts Best Operating Profit in 12 Years
Sameer Africa Plc posted operating profit of KSh 292.64 Mn for the year ended 31 December 2025, the highest since 2013, as revenue rose 11.1% to KSh 432.74 Mn entirely from investment property rentals. The company recorded zero tyre revenue for the first time in its 56-year history. Total equity crossed KSh 1.00 Bn for the first time in the post-manufacturing era, rising 37.3%. Net profit advanced 5.5% to KSh 274.28 Mn with EPS of KSh 0.99. A pending land sale valued at KSh 919.70 Mn is projected to close in Q2 2026, with proceeds worth more than three times annual net profit.
