Multibillion-dollar projects uplift office space demand in Nairobi
Nairobi is among African cities benefitting from a growing demand of office space as multinational companies renew their interest in the continent with multibillion dollar projects. The occupancy rate in [...]
Shelter Afrique gets Positive Outlook from GCR
Shelter Afrique, a Pan African Housing Finance and Development Institution could turn to profitability in the next two years. This is according to GCR, a South African rating agency which [...]
WestProp Holdings IPO Offers Safe and Profitable Investment Opportunity for Public to Join Hands in Building Zimbabwe Brick by Brick, Says CEO Kenneth Sharpe
WestProp Holdings Ltd, a prominent real estate company in Zimbabwe, has made a strategic decision to go public on the Victoria Falls Stock Exchange, offering investors an opportunity to take [...]HF Group Reports a Net Profit of KES 257 Million in 2022
HF Group has reported a significant recovery in earnings, with a net profit of KES 257 million for the year ended on December 31st, 2022, in contrast to a loss [...]Mi Vida Homes Garden City Project Attains IFC EDGE Certification Status
Mi Vida Homes’ mid-market housing project at Garden City has been awarded the EDGE certification by the International Finance Corporation (IFC) on account of the project’s energy and water-saving design. [...]
Anne Kimari Appointed Non-Exec. Director At HF Group
Anne Kimari has been appointed as an Independent Non-Executive Director of HF Group Board of Directors, w.e.f 24th June 2022. Anne has over 25 years of experience in SME Banking, [...]Yellow Secures $23M Debt Funding for Expansion
Yellow, the South Africa-based fintech startup, which delivers asset-backed finance to 200,000 households, has raised US$23 million in debt funding to scale further. In 2018, Mike Heyink and Maya Stewart [...]KMRC to Float Second Tranche of its KSh 10.4b Bond in Mid-2023
The Kenya Mortgage Refinancing Company (KMRC) is set to wait until mid-2023 before issuing the second tranche of its KSh10.4 billion medium term notes (MTN). According to KMRC, the delayed [...]Safaricom Investment Co-op to Construct KSh 750m Housing Project
Safaricom Investment Co-operative plans to construct a KSh 750 m housing project in Ruaka, Kiambu. The Miran Residence is a three-acre urban development that will comprise 450 housing units, each [...]CBK Pension Towers Opens for Business
CBK Pension Towers, located in the Nairobi Central Business District, was officially opened by President Uhuru Kenyatta this Thursday. The KSh 2.49 billion 27-storey skyscraper, located along Nairobi’s Harambee Avenue, [...]Solving the Middle Income Housing Challenge in Nairobi
A 2018 report by Kenya Property Developers Association (KPDA) shows 22% of Kenyans live in cities, and the urban population is growing at a rate of 4.2% every year. It [...]Home Afrika Cuts Net Losses by 17% to KSh 281.5M
Home Afrika Group, a real estate firm listed on the Nairobi Securities Exchange(NSE), narrowed its net losses to KSh 281.5 Million for the year ended 31st December 2021. In the [...]
