Property prices in Nairobi’s suburbs and satellite towns rise by 0.8%

HassConsult has published the Hass Property Price Indices for the fourth quarter of 2024, revealing notable distinctions between quarterly and annual property market trends. Quarterly sales prices in Nairobi’s suburbs and satellite towns rose by 0.8 percent, slightly up from 0.7 percent in the third quarter. On an annual basis, sales prices grew by 5.2…

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Govt launches online platforms (ardhisasa) for land transactions

The Ministry of Lands, Public Works, Housing and Urban Development has stopped use of old generation mutation forms for land transactions. The ministry has instead developed online platforms (ardhisasa) to assist in land transactions in the country. In statement by Director of Surveys Maritim Weldon dated 14th January 2025,the ministry says the online platform will…

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Uwezo Fund Boosts Nyeri Town Constituency with Ksh 3.15 Million

In a significant step toward empowering local communities, Uwezo Fund cheques totaling Ksh 3,150,000 were presented to 19 groups in Nyeri Town Constituency. The event was presided over by Hon. Rahab Mukami, Nyeri County Women Representative, alongside Hon. Duncan Mathenge, MP for Nyeri Town, Uwezo Fund Chairperson Ms. Ann Njuguna, and Senior Assistant County Commissioner…

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Kitui County Housing Cooperative Society eyes real estate growth with member-focused development plans

The Kitui County Housing Cooperative Society Limited was started out of felt need by the Kitui County government staff in 2014. The society’s Chairman, Benjamin Musili Mukulo, further said the society is to be a world class housing cooperative society in the provision of real estate property services to the members for both the present…

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One of the properties of Home Afrika.

Loss-making Home Afrika sells land, houses to clear loan

Home Afrika, a real estate company listed on the stock exchange, is selling some of its assets, including houses and land, in order to repay an outstanding loan of KSh79 million from I&M Bank. Home Afrika intends to sell six housing units from its Mitini Scapes Development, located along Kiambu Road and Lake View Heights in Kisumu. The purpose of this sale is to repay…

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The late architect  Francis Gitau Mungai

Family Bank chairman dies three weeks after being appointed

Family Bank’s newly appointed board chair, Architect  Francis Gitau Mungai, passed away three weeks after taking over from the retiring Wilfred Kiboro. The Family Bank board of directors and management issued a statement regarding Gitau, who passed away while undergoing treatment in the United States. “Family Bank Board of Directors and Management regrets to announce…

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Court of Appeal

Housing Cooperative files appeal over Talanta Hela Stadium

A housing cooperative has lodged a legal challenge against the government’s acquisition of a 60-acre land parcel, valued at KSh15 billion, designated for the construction of the contemporary Talanta Hela Stadium sports complex. The Postel Housing Cooperative Society contends that the land was obtained without adhering to the legal requirements for compulsory acquisition. In the…

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cooperative
President Dr. William Ruto

Ruto warns coffee farmers against taking huge loans after debt waiver

President William Ruto has warned coffee farmers against taking more loans following a waiver issued by the government recently. Speaking at Gitooro ASK showground in Meru County during the Meru Cooperative Dairy Union 9th Farmers Field Day, Ruto cautioned the cooperatives coffee society officials against taking more loans unless it is approved by farmers themselves….

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Relief as mobile money users exempted from tax increase

The Treasury has withdrawn its intention to increase the excise duty on mobile money transactions, providing a reprieve to millions of users who depend on these services, such as Safaricom’s M-pesa. National Treasury Cabinet Secretary Njuguna Ndung’u has rolled back the proposal to increase the excise tax duty on mobile transfer services from 15 per…

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Tiberias Onsongo

How to transform financial setbacks into success

In managing our finances and personal development, this is like a metaphorical transformation of milk to yogurt, and then to cheese, revealing a profound truth about the nature of mistakes and their ability to create value. Just as cheese is a more valuable dairy product than both milk and yoghurt and sour grape juice melts…

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