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139 articles in Real Estate News · page 8 of 12
El Niño Rains Anticipated in Kenya From October to December
Kenya finds itself on the cusp of a new challenge, one that could further strain its already battered economy. The looming threat comes in the form of El Niño , a naturally occurring climate phenomenon predicted to impact the country. The Kenya Meteorology department has predicted that El Niño will start mid October, extending till December 2023. Weather authorities and experts have sounded the alarm, emphasizing the urgency for the government to take proactive measures. Failure to do so, analysts warn, could lead to heightened suffering and adversity for Kenyans.
Third Longest Bridge in Kenya – Athi River Super Bridge
The Athi River Super Bridge , the third longest bridge in Kenya, showcases human innovation and dedication to balance modern transportation with community preservation in railway engineering. It’s a crucial part of the Mombasa-Nairobi Standard Gauge Railway (SGR), being the longest bridge on the SGR, and a major achievement in Kenya’s efforts for better rail connections. READ ALSO : Kenya and Ethiopia To Build 3000Km Railway in 2025 For a long time, the 420-meter-long Kilifi Bridge held the title of Kenya’s longest bridge . However, this changed recently with the completion of Kenya’s Standard Gauge Railway project. The SGR introduced bridges t
Fourteen Falls in Thika – Kenya’s Disappearing Beauty 14 Waterfalls
Kenya is a country renowned for its breathtaking natural beauty and diverse landscapes. Kenya boasts a wide array of geographical features, making it a haven for nature enthusiasts and travelers alike. From the beautiful white sandy beaches, blue oceans, and marine life to the natural savanna filled with wild animals. Kenya’s diverse geography is a testament to the awe-inspiring wonders that nature has to offer.
Service Charge: The Hidden Cost You Should Never Ignore
Service charges are an often-overlooked facet of property ownership that can wield considerable influence on your financial commitments. As homeowners or landlords, grappling with these charges is an essential part of managing and maintaining a property. Covering everything from landscaping to security and general upkeep, service charges represent a vital aspect of property ownership. When we discuss purchasing property or houses, our focus typically centers on upfront costs and sale or rental prices. Yet, the ongoing, long-term expenses—specifically those associated with day-to-day maintenance and service provision—often go under the radar. READ ALSO : Buying a House: Are You Aware of These Hidden Costs? Ignoring these costs can significantly impact our
$20 Million Investment Boost for Centum Real Estate’s Affordable Housing Project
The International Finance Corporation (IFC), is providing a $20 million loan to Centum Real Estate for the development of the Mzizi Court project . Centum Real Estate, has shown a significant improvement in its financial performance, reporting a profit of Sh174 million in the year to March 2023 . Centum Real Estate has a vision to develop 9,908 additional housing units in Two Rivers, which will significantly contribute to addressing Kenya’s growing housing deficit . The project is set to be completed in 2024 . In a significant boost to Kenya’s housing sector, the International Finance Corporation (IFC), the private investment arm of the World Bank, has announced plans to extend a $20 million loan to Centum Real Estate . This financing is earmarked for the development of the Mzizi Court project, a
First Hydrogen Power Plant in Kenya: HDF Announced $500 Million Green Hydrogen Project
HDF Energy Commits $500 Million to Kenya’s Green Energy Infrastructure for the first Green Hydrogen Power Plant in the country At the Africa Climate Summit in Nairobi, HDF Energy (Hydrogène de France) announced plans to build Kenya’s first green hydrogen power plant . This significant development marks an important moment in Kenya’s transition towards more eco-friendly energy sources. The decision is a response to the urgent need for cleaner energy solutions in the country, where traditional sources like geothermal or hydropower are limited. This groundbreaking project, known as Renewstable ®, is set to be a game-changer in the electricity sector. I
The Largest Roundabout in East and Central Africa
Nairobi, the hub of East Africa, is the home to the largest roundabout in East and Central Africa – The Globe Roundabout . This critical traffic junction plays a pivotal role in the city’s transportation network. Spanning a length of 0.58 kilometers , this metric underscores its sizeable footprint in the city’s layout. The Globe Roundabout is located next to the University of Nairobi in Nairobi Area, Kenya. READ ALSO : The Tallest Buildings in Kenya
The Changing Face of Karen Neighborhood in Nairobi
Nairobi’s esteemed Karen neighborhood has long been a beacon of affluence and elegance, attracting discerning homeowners seeking a blend of urban sophistication and natural serenity. Named after Karen Blixen , the Danish author of “Out of Africa,” this area bears witness to a rich history deeply intertwined with Kenya’s colonial past. Initially planned to be a sanctuary of leafy suburbs for white settlers during the colonial era, Karen’s landscape has transformed dramatically over the years. READ ALSO : Expat Life in Kenya: Neighborhoods
1.6 Million Low-Income Citizens In Kenya Gain Access to Electricity With ADF’s Support
In a significant achievement for sustainable development, over 1.6 million people in Kenya living on low incomes have gained access to electricity, thanks to the successful implementation of the second phase of the Last Mile Connectivity Project. This remarkable milestone was made possible through the support and funding of the African Development Bank (AfDB) . The project, which ran from 2016 to 2022, has transformed the lives of countless Kenyan citizens by providing them with access to a vital source of energy. READ ALSO : Solar Panel Installation For Your Home? Energy Independence Table of Contents Illumi
Still Not the Tallest Building in Kenya: The Drama of The Pinnacle in Nairobi
The grand vision of the Ksh 20 billion Pinnacle Tower in Nairobi’s Upper Hill in becoming Kenya’s tallest building is still shrouded in uncertainty as construction woes and legal disputes continue to plague the project. Developed jointly by Hass Petroleum and the White Lotus Group, led by Indian tycoon Vijaykumar Naidu , this iconic skyscraper was expected to change and illuminate Nairobi’s skyline. Table of Contents A Towering Dream Deferred Ownership and Funding Challenges Legal Battles and Disputes A Tower of Uncertainty
The Controversial Removal of Elephants on The Largest Roundabout in Mombasa
The Makupa roundabout, the largest roundabout in Mombasa, Kenya, has undergone a remarkable transformation, thanks to the efforts of the Mombasa Cement Company and Maasai security guards. What was once a neglected traffic circle has now become a symbol of Mombasa’s dedication to becoming Africa’s premier tourism hub. READ ALSO : The Largest Roundabout in East and Central Africa The roundabout, which was adorned with statues of elephants and an array of locally sourced desert rose flowers, had been meticulously redesigned to showcase Kenya’s rich wildlife, flora, and fauna. Imtiaz Sayani , an officer at Mombasa Cement Company, explained that the project aims to capture the essence of Mombasa’s natura
Has The JKIA-Westlands Expressway Solved The Traffic Menace?
Since its inauguration a year ago, the Nairobi Expressway has become a central hub for daily commuters, connecting Nairobi’s urban center with the Jomo Kenyatta International Airport. The Nairobi Expressway is a 27 kilometres toll highway that starts from Mlolongo passing through JKIA and Nairobi’s CBD to the James Gichuru junction along Waiyaki Way . In this article, we’ll assess its viability, and whether it has lived up to the expectations set.