Region
Kenya

Sector
Construction & Materials
Property

Summary:

Demand for housing in Kenya, particularly in urban areas, has continued to rise without requisite movement on the supply side. Private sector participation is required to build the 200,000 units required annually to address the current backlog.

Contact
Susan Kikwai

Email
info@investmentkenya.com

Tel
00 (254) (20) 2221401 - 4
Fax
00 (254) (20) 22243862

Kenya has a well-developed construction and building industry with readily available quality engineering, building and architectural design services. The industry is currently on an upward trend, due to the implementation of programmes such as the Urban Transport Infrastructure plan.  The increase in population and urban migration has presented numerous opportunities for investors.

                                                             Investment opportunities

Provision of low cost houses

Demand for housing remains high particularly in urban areas, despite the robust growth in housing development in the past five years. The private sector is expected to invest in the targeted 200,000 units required per year, with government playing the role of a facilitator. Low cost housing projects include the following:

Athi River project: 20km from the capital Nairobi on 100 ha of land.

The development is targeted at the upper-middle and middle class. The market rate per house in the area ranges from Ksh.2 million to 4 million.

Investors can also partner with the National Housing Corporation in building houses on the corporation’s parcels of land situated in various parts of the country.

Pangani project: 44 acres of land are available in an up-market residential area. Investment opportunities under this project include development of flats, town houses, a commercial centre complete with infrastructural services.

Starehe project: Investors have access to 17 acres of land located in a middle class residential development area. Currently undeveloped, old and dilapidated houses stand on the land. Interested investors will be required to build high density walk up flats, commercial and educational facilities.

Park road and Shauri moyo projects: Land in these areas currently accommodates old residential houses. The investor would be required to develop high density walk up flats, commercial and educational facilities complete with infrastructural facilities and recreational/open play areas.

Upgrading of slums and informal settlements: Extensive opportunities exist particularly in the area of upgrading slums and informal settlements.

Provision of building materials and components.

Construction of roads
construction of rural roads, especially feeder roads serving the country’s main agricultural and industrial areas have been prioritised. 

For further information on building and construction opportunities, and the incentives for this sector contact the Kenya Investment Authority.

Key contact: Susan Kikwai
Managing director
Email: info@investmentkenya.com 

www.investmentkenya.com