NAKURU TOPS AS A FAVOURITE INVESTMENT DESTINATION IN KENYA

Nakuru County saw its land prices rise by an average of 12.7 per cent in 2017 according to County Land Price Report 2018. This has drawn the attention of many investors eyeing prime properties in the county that offers serene living with easy access to Nakuru town, thanks to the developed road network. Ranked as the fourth largest city in Kenya, the town is located 165km northwest of Nairobi. The strategic location along Nairobi-Malaba highway is making Nakuru town experience an increase in population resulting to the need of expansion of the…

 Identifying If Your Investment Manager Is Conflicted Could Save You from Financial Ruin

By Edwin Dande, Cytonn Investments CEO Investors in Genghis Capital recently woke up and realized that their billions of shillings are not accessible simply because majority of their cash was invested in Chase Bank, which was owned mostly by the same shareholders who owned Genghis Capital. How do we explain that the management at Genghis Capital decided to invest majority of their clients’ cash in a bank controlled by the shareholders of Genghis? Why didn’t they invest the cash in another bank or at least significantly diversified the investments? http://Also Read: https://www.ceoafrica.co.ke/hospitality-has-the-potential-to-create-significant-economic-growth-in-kenya-and-beyond/…

Interest cap law calls for innovation from housing developers

By Ian-Henderson Superior-Homes-Kenya Managing Director On the face of it, the recent rates cap legislation is good news for borrowers because reduced interest rates will result in lower repayment instalments for loans. The good news is dependent on loans being granted in the first place and, as banks come to terms with the new laws and begin to figure out their impact on business, there is no doubt about one of the key outcomes – for most of us loans will be harder to secure. The reasons for this are clear.…

Community based versus High Walls

What works better when designing a house or a housing estate; high walls or open plan with a sense of community living? When I was thinking about how to approach this subject I took myself right back to basics. The question actually goes well beyond real estate because our approach to the answer is deeply ingrained in our cultural beliefs, our life experiences and our aspirations. https://www.ceoafrica.co.ke/beautifying-your-garden-at-no-extra-cost/ If we opt for high walls we are distancing ourselves from the community spirit, effectively saying: “I don’t necessarily trust you, my neighbour,…

Cytonn report points out at a positive fresh retail market appetite

A good mission statement has the power to take your business from one that can achieve success to one that can be significant. by Reid Amead Cytonn Real Estate has released its 2018 Kenya Retail Sector Report themed “Retail Sector Recovers in Key Urban Cities except Nairobi.” The findings indicates that Mombasa and Mt. Kenya are the best regions for retail real estate development due to high retail space demand of 0.3mn and 0.2mn SQFT, with an attractive yields at 8.3%  to  9.9% and occupancy rates of 96.3% and 84.5%, respectively.…

Reprieve for the elderly with launch of homes with assisted living facilities

By Jacktone Lawi Superior Homes have announced the launch of a new home concept specifically targeted at the elderly. Dubbed Fadhili Care the living complex will be home to 41 self-contained houses and a club house with nurses to cater for any emergencies that may arise due to old age The construction of the Homes broke ground on February 2018 and is expected to be completed by first quarter of 2019 “The development when complete will comprise, 41 self-contained individual homes thoughtfully designed to accommodate senior citizens with limited mobility,…

Tourism in Nakuru projected to rise with completion of ksh800m luxury homes

Nakuru County is set to receive a boost in tourism facilities following the completion of KSh800 Constructed by Superior Homes Kenya the luxury homes sit on a 12-acre plot along Nairobi-Nakuru Highway, the facility boasts of breathtaking uninterrupted panoramic views of Lake Elementaita, consisting of 33 standard Villas, 13 Villa Suites and 4 Executive Villas, conference facility with access to recreation facilities such as a bar and restaurant, gym, spa and an infinity swimming pool. “With the tourism sector projected to grow in double digits in 2018, Lake Elementaita Mountain…

CNN discovers how Nairobi’s property development is reaching new heights

On this week’s episode of Marketplace Africa, host Eleni Giokos reports from Nairobi, Kenya, at a time where the city is becoming a worldwide property magnet. In its latest report, the global real estate consultancy Knight Frank declared Kenya as one of the top five property investment locations for Africa’s wealthiest individuals – coming third after the United Kingdom and the United States of America. Edwin Dande, the CEO of Cytonn Investments, explains why these individuals are now turning to Nairobi: “It tends to be a place where global companies…

Funding for Commercial Real Estate on the Rise

“The market is still growing at a faster clip than the rest of the World.” – JD Diabira, CEO of BHCI. The bilingual Francoreal Property Investment Summit taking place on 16 & 17 October 2018 in Dakar, Senegal will provide a platform for the region and continent’s premier real estate investors and developers to gauge opportunities in one of the world’s fastest growing zones – known colloquially as Francophone West and Central Africa. Providing macroeconomic and currency stability; through the West African Monetary Union (UEMOA) regional block, this integrated and increasingly developed…

Savannah cement CEO win top African leadership award

By Amos Njau Savannah Cement Managing Director Ronald Ndegwa has been awarded the prestigious African leadership CEO of the year 2018 award in an event held at Kigali Convention Center. The prize by Africa leadership Magazine UK awards leaders in corporate world who have over the years contributed to business growth in the continent at large. African leadership advisory board emphasized on importance of corporate leaders to solve the continent’s unemployment challenges. “We as Africa leadership advisory board (ALAB) recognizes efforts being made by regional corporate leaders towards prosperity but…