Nakuru Real Estate Investment Opportunity
Aug 12, 2018
In line with our regional expansion strategy, we continue to assess investment opportunities in various Kenyan Counties, to enable us to diversify our portfolio of real estate investments for our clients. So far we have covered 13 counties, including Nyeri, Laikipia, Meru, Mombasa, Narok, Homabay, Kisii and Uasin Gishu, and have subsequently released research notes such as the: Nyeri Real Estate Investment Opportunity 2017, Kisumu Real Estate Investment Opportunity 2016 and Kisumu Real Estate Investment Opportunity 2018, released last month. This week, we shift our focus to Nakuru County, specifically, the headquarters, Nakuru Town. We analyse the real estate investment opportunity in the town in terms of rental yields, capital appreciation,...The Fight Against Corruption in Kenya…Yet Another Chapter
Jul 29, 2018
Transparency International defines corruption as the “abuse of entrusted power for private gain”. Corruption can be classified as grand, petty and political, depending on the amount of money lost and the sector where it occurs. Grand corruption consists of acts committed at a high level of government that distort policies or the central functioning of the state, enabling leaders to benefit at the expense of the public good, Petty corruption refers to everyday abuse of entrusted power by low and mid-level public officials in their interactions with ordinary citizens, who often are trying to access basic goods or services in places like hospitals, schools, police departments, and other agencies, and, Political corruption is a manipulation of policies, institutions and rules of procedure in the allocation of resources and financing by political decision makers, who abuse their position to sust...Kisumu Real Estate Investment Opportunity
Jul 21, 2018
In line with our regional expansion strategy, we continue to assess investment opportunities in the Kenyan Counties, to enable us to diversify our portfolio of real estate investments for our clients. So far, we have covered 13 Kenyan Counties, including; Nyeri, Laikipia, Meru, Mombasa, Narok, Homabay, Kisii and Uasin Gishu. In line with this, in August 2016 we released the Kisumu Real Estate Investment Opportunity 2016, a research note that focused on the real estate market performance in Kisumu covering the residential, commercial offices, retail and hospitality themes. According to the research note, the market recorded average rental yields of 7.0%, with office, retail, and residential themes recording average rental yields of 7.0%, 9.0%, and 5.1%, respectively. In this focus, we update that...Developing Technical Education Institutions with a Focus on Vision 2030
Jul 15, 2018
Over the recent months, we have seen the Kenyan Government focus on improving the quality of education offered in government-sponsored technical institutions. Some of the actions the government has taken are (i) increasing budgetary allocation towards the development of the Technical, Vocational Education and Training (TVET) institutions and (ii) proposing to reduce tuition fees for courses offered in TVET institutions. This is motivated by (i) the need to create a workforce that will help in the implementation of the Big Four Agenda in the sectors of manufacturing and affordable housing, and (ii) the need to achieve the Vision 2030 goals on technical training. According to Vision 2030, the government seeks to ensure equitableness and access to Technical, Vocational Education, and Training. This will be achieved by establishing a central body to place government-sponsored students in TVET institutions, building at least one vocational training center per Kenyan Constituency an...Nairobi Metropolitan Area Residential Report 2017/2018
Jul 8, 2018
In September 2017, we released the Nairobi Metropolitan Area Residential Report 2017, which showed that residential sector performance softened in 2017, with the total returns coming in at 9.4% from 12.6% in 2016. The average rental yield was 5.6%, 0.4% points higher than the 5.2% recorded in 2016. However, average price appreciation was 3.8%, 3.6% points lower than the 7.4% recorded in 2016. The low performance was attributable to: A tough operating environment characterized by low credit supply, as a result of the implementation of the Banking (Amendment) Act 2015, which resulted in declining private sector credit growth from 25.8% in June 2014 to 1.7% as at September 2017, and,