It has previously been described as a 'real life Wakanda' You may not have thought about Akon since his song 'Lonely' became an earworm a decade ago, but the musician has moved from conquering the charts to building what has been dubbed his very own 'Wakanda.' Between setting up his own cryptocurrency AKoin and vowing to bring electricity to 600 million people in Africa, Akon has been quietly building his...
There are two essential parts to achieving affordable housing in Kenya: building decent, low-cost homes, and developing a housing finance market that enables low-income earners to buy those homes. For, without finance, almost no home price is low enough to be affordable on an average salary. For this reason, Kenya’s mortgage market has been growing. Housing loans have risen more than tenfold since...
Introduction The growth and popularity of blockchain technology is at an all-time global high and does not appear to be slowing down anytime soon. Courtesy of the versatility of its use and application, blockchain technology may have a newfound utility in the future management and registration of land transactions in Kenya. This is according to ICT Cabinet Secretary, Joe Mucheru. So, what is blockchain...
What is the size of the mortgage market in Kenya? There were 26,187 mortgages in the market in 2017, a nine percent rise from 24,059 in 2016. The number of mortgage loans has been on the rise over the years. How many Kenyans can afford a mortgage? A 2011 World Bank report estimated that only 11 percent of the urban population can afford a mortgage. Households need to have a comfortable income to...
A-grade buildings in Nairobi have an average of 2.2 parking bays per 100 metres square whereas B-grade buildings have an average of 1.5 parking bays per 100 metres square. Most of the A-grade office space is located in Westlands and Upper Hill. Innovative approach to leasing To book your wedding cake today, please call / Whatsapp Tajicakes on 0724 771009 Negotiate for revenue share rent as opposed to...
What is a Capital Gain? A capital gain is the difference between the acquisition price and the selling price of anything including a capital item. It is the appreciation in the value of the item from the time it was bought to the time of selling it. Hence, a capital gain in a property is the difference between the selling price and the cost of the property. Actual cost of the property The cost of the...
Almost 4,000 years ago, King Hammurabi of Babylon, Mesopotamia, laid out one of the first sets of laws. Hammurabi’s Code is among the oldest translatable writings. It consists of 282 laws, most concerning punishment. Each law takes into account the perpetrator’s status. The code also includes the earliest known construction laws, designed to align the incentives of builder and occupant to ensure that...
A failed vision By RICHARD MAROSI | Veracruz, Mexico NOV. 26, 2017 Sixteen years ago, Mexico embarked on a monumental campaign to elevate living standards for its working-class masses. The government teamed with private developers to launch the largest residential construction boom in Latin American history. Global investors — the World Bank, big foundations, Wall Street firms — poured billions of...
Recently I was out in the field doing my usual business of valuation. I met a young man who had inherited a prime 3 acre property in Kajiado county from his father who was present during the visit. We mentioned to our client how fortunate he was to have inherited a property valued at almost 50 million. At that point he disclosed the inside story. To book your cake today, please call / Whatsapp Tajicakes...