Kenya’s high-net-worth individuals (HNWIs) are recalibrating their property investment strategies, from lifestyle-driven purchases and offshore holdings to income-generating, domestic assets, in response to global economic uncertainty and local fiscal pressures. Strategic Shift: From Lifestyle to Liquidity The latest Knight Frank Wealth Report 2025 reveals a marked decline in foreign homeownership among Kenya’s wealthy. Only about 10% now hold property abroad, down from 14% in early 2023. HNWIs increasingly prioritise investments that offer liquidity and stable returns, such as real estate investment trusts (REITs), treasury bonds, and money market funds, over luxury or lifestyle properties. The share of wealth allocated to…
Author: Muindi
Muindi
Experience working on communication and marketing departments and in the broadcast industry. Interested in sustainable development and international relations issues.
Remittance inflows to Kenya reached record highs in April 2025, underpinning current account stability and supporting the foreign exchange market. According to the Central Bank of Kenya, inflows in April 2025 totalled USD 422.9 million (KSh 63.4 billion), representing a 6.4% year-on-year increase from USD 397.3 million (KSh 59.6 billion) in April 2024. Cumulative remittance inflows for the 12 months to April 2025 rose by 12.1% to USD 4,997 million (KSh 749.6 billion), up from USD 4,457 million (KSh 668.6 billion) during the corresponding period in 2024. Year Month North America Europe Rest of World Total Remittances (USD ‘000) 2025 1 243,337.16 71,003.74 113,033.72 427,374.62 2025 2 215,577.36 70,853.91…
Real estate developer Superior Homes Kenya has signed an agreement with KCB Bank Kenya to bolster the mid-income and premium housing market segments. Under the agreement, KCB Bank will provide mortgage financing for Superior Homes Kenya’s mid-tier and premium housing projects, offering structured repayment plans, extended tenure options, and dedicated customer support to streamline the application and approval process. The partnership leverages the Kenya Mortgage Refinance Company (KMRC) facility, enabling up to 105% borrowing to cover mortgages and closing costs. “Whether you’re a first-time buyer, an investor, or living abroad, this partnership makes homeownership more accessible and financially sustainable while…
Radisson Hotel Group’s expansion in East Africa, particularly in Tanzania, marks a key milestone in its regional growth strategy. Over the past 15 months, the group has expanded into Tanzania, a vibrant East African market with growing tourism and business potential. This strategic entry enhances the group’s diverse portfolio, which now spans 100 hotels across more than 30 African countries. The move aligns with Radisson’s broader goal of geographical diversification while capitalising on East Africa’s economic and tourism growth. “Tanzania represents a pivotal step in our East African expansion,” said Ramsay Rankoussi, Vice President, Development, Africa and Türkiye, Radisson Hotel…
The Nairobi Securities Exchange Plc (NSE) launched the NSE EmpowerHER Patrons Circle, a leadership and advocacy platform dedicated to advancing gender inclusion, improving women’s access to capital, and expanding investment opportunities across Kenya. The launch event was attended by Ms Mary Muinde, Chief of Staff in the Office of the First Lady, Mrs. Rachel Ruto, who highlighted the First Lady’s commitment to women’s economic empowerment. We’re thrilled to welcome our inaugural NSE EmpowerHER Patrons Circle—today, leaders joined forces to champion women’s voices in finance. Together, we’re turning strategic vision into lasting change, because when women thrive, markets thrive. #EmpowerHER #InclusiveGrowth…
The African Export-Import Bank (Afreximbank) plans to launch a $1 billion Africa Film Fund through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), as part of its Creative Africa Nexus (CANEX) Programme. This private equity fund aims to support the production and global distribution of high-quality African films and television series, addressing challenges such as limited funding, scalability, and access to global markets. Announced at CANEX Weekend 2024 in Algiers, Algeria, in October 2024, the fund seeks to empower African filmmakers to create globally appealing content, amplifying Global Africa’s cultural influence. It will mobilise patient capital…