(NAIROBI, KENYA) – Standard Chartered Bank Kenya has moved to take control of rental income from four properties linked to collapsed retailer Nakumatt Holdings as it steps up efforts to recover more than KES 1.9 billion ($14.8 million / £11.5 million) in unpaid loans. The bank has notified Nakumatt InvestmentsContinue Reading
(NAIROBI, KENYA) – A legal fight over control of a multi-billion shilling industrial park on Nairobi’s Eastern Bypass has intensified between Bank of Baroda Kenya and Infinity Industrial Park. The dispute began with a KES1.976 billion ($15.2 million / £12.1 million) loan issued to Infinity in 2019. It has sinceContinue Reading
(KIAMBU, KENYA) – Kiambu County could soon host the tallest building outside Nairobi after Tatu City proposed two high rise towers in Ruiru, with the taller structure reaching 30 floors. The mixed use development will be built on 9,518 square metres of land at Tatu Central’s central business district inContinue Reading
(ELDORET, KENYA) – Construction of the ultra-modern 64 Market in Eldoret City has reached 50% completion, with Governor Jonathan Bii Chelilim assuring traders that stalls will be allocated equitably once the facility is completed. Speaking during a fundraiser in Ngeria over the weekend, Governor Bii said priority would be givenContinue Reading
(NAIROBI, KENYA) – Sameer Africa net profit for the six months ended June 2026 grew 19.8% to KES 103.88 million (about $791,000 / £622,000 / €726,000), up from KES 86.67 million (about $660,000 / £519,000 / €606,000), helped by reduced operating expenses. The profit growth came despite a decline inContinue Reading
(NAIROBI, KENYA) – Old Mutual Holdings net profit rose to KES 882 million (about $6.7 million / £5.3 million / €6.2 million) in the half year to June 2026, exceeding its 2025 full year earnings in six months, driven by the benefits of disposing of underpriced medical customer accounts. UnderpricedContinue Reading
(NAIROBI, KENYA) – KCB Bank has been allowed to place apartment blocks owned by Northcote Business Centre under administration to recover defaulted loans of $16 million (KES2 billion / £12.6 million). Northcote borrowed the sums from National Bank of Kenya. The loans are part of the portfolio KCB inherited afterContinue Reading
(MOMBASA, KENYA) – Mombasa is undergoing a rapid transformation through towering housing projects under the government’s Affordable Housing Programme (AHP), with ultra modern buildings expected to reshape the coastal city’s skyline. Renowned globally for its rich history, culture and diverse tourism packages, Mombasa is witnessing a wave of housing andContinue Reading
(NAIROBI, KENYA) – Membley, a residential estate in Kiambu County, has grown from a sparsely populated area with poor roads and limited security into a dense housing hub, driven by spillover demand from the older Kahawa Sukari neighbourhood and improved road networks. Unlike large gated developments where a single developerContinue Reading
(NAIROBI, KENYA) – The National Social Security Fund (NSSF) has revived plans to develop its 1,000 acre land in Mavoko, Machakos County into a mixed use city, nearly 15 years after first proposing to put up housing on the property. The state controlled pension fund in June called for proposalsContinue Reading
