Land prices hit Sh80m mark as investors scramble for Marsabit

Wealthy investors are engaging in ferocious bidding wars for land in Marsabit in a move that is pushing up prices in the previously unattractive town. The scramble for a piece of Marsabit comes shortly after the completion of the Isiolo-Moyale…
Property owners face Sh1 million fine over solar water heaters

The Energy Regulatory Commission (ERC) will in November embark on a countrywide audit to apprehend landlords who will have failed to follow solar water heating regulations. The Energy (Solar Water Heating) Regulations 2012, which were passed in May 2012, require…
KRA nets Sh10bn rental income tax from 52,000 landlords

The Kenya Revenue Authority (KRA) has collected Sh10 billion from 52,000 landlords since 2016, as its hunt for a share of property-owners’ income continues to bear some fruit. The KRA, which has recently mounted a harsh crackdown on non-compliant landlords,…
Work begins on Africa’s tallest building in Nairobi

Construction is underway on a Sh20 billion development that will top out as the tallest building in Africa, in the latest illustration of a building boom that has completely transformed the skyline of Nairobi. On Tuesday, a ground-breaking ceremony was…