Nairobi Metropolitan Area (NMA) Mixed Use Developments Report 2025
Nov 23, 2025
In November 2024, we released the Nairobi Metropolitan Area Mixed-Use Developments (MUDs) Report 2024 which highlighted that Mixed-Use Developments recorded an average rental yield of 8.6%, 1.5% points higher than the respective single-use themes which recorded an average rental yield of 7.1% in a similar period in 2023. The relatively better performance was mainly attributed to; i) heightened demand for prime locations attracting clients willing to pay premium rents, ii) strategic and prime locations of the developments with the capability to attract prospective clients, and, iii)) the area’s proximity to amenities such as shopping malls enhancing the desirability. This week we update our report with 2025 market research data in order to determine the progress and performance of MUDs against the market performance of singl...Review of Restructuring and Insolvency in Kenya
Nov 16, 2025
Insolvency refers to a financial situation where an individual, business or entity, such as a fund, is unable to meet their financial obligations or settle their debts as they become due. In most cases, the state of insolvency occurs due to an increase in business expenses, poor cash management, law suits, poor budgeting, fraud, business expansion, a reduction in sales or an unforeseen black swan event like Covid 19. In Kenya, insolvency proceedings are primarily governed by the Insolvency Act of 2015. The act provides for how insolvent companies...A Review of Kenya’s Proposed Sovereign Wealth Fund
Nov 9, 2025
Kenya’s 2012 discovery of oil reserves in Northern Kenya and the subsequent establishment of a Sovereign Wealth Fund (SWF) mark a pivotal moment in the country’s fiscal and economic trajectory. As global commodity markets remain volatile and debt servicing pressures intensify, the need for structured, transparent, and forward-looking management of oil revenues has never been more urgent. Sovereign wealth funds are used globally to stabilize economies and finance strategic development. Sovereign funds offer countries like Kenya a unique opportunity to transform finite natural resources into long-term prosperity. Yet, despite its significance, Kenya’s SWF remains under-explored in public discourse. This topical aims to demystify the fund’s structure, legal framework, and macroeconomic rationale, while benchmarking it against...Kenya’s Balance of Payments Report
Oct 26, 2025
In pursuit of a stable and sustainable economic future, the Kenyan government prioritizes balancing its economic policies, especially regarding the Balance of Payments. Achieving this balance is essential to ensuring stable trade relations, managing capital inflows and outflows, addressing inflationary pressures, and maintaining a favourable exchange rate system. These efforts are geared towards fostering economic growth, creating employment opportunities, and implementing strategic commercial policies, all of which play pivotal roles in Kenya's pursuit of a robust and sustainable economic trajectory. In light of this, we saw it fit to focus on Kenya’s balance of payments to analyse the current state and what can be done to improve it. We have previously tacked the subject of balance of payments in our topical titled Kenya’s Balance of Payments - released in October 2024, we explored the country's balan...Nairobi Metropolitan Area (NMA) Industrial Report 2025
Oct 19, 2025
Industrial Real Estate often receives less attention compared to dominant segments like residential, commercial office, and retail Real Estate. However, in recent years, the government has actively promoted industrial activities through initiatives such as the Special Economic Zones (SEZs) and Export Processing Zones (EPZs) under the Ministry of Investments Trade and Industry (MITI). Additionally, Kenya's growing population has led to an increasing demand for commodities, fueling a rise in industrial activity. While industrial Real Estate in Kenya is often associated with manufacturing facilities and warehouses, it also includes other classes like slaughterhouses and emerging classes such as data centers, which are reshaping the sector. Given these developments, we find it prudent to analyze the Industrial Real Estate sector, with a particular focus on the Nairobi Metropolitan Area (NMA); In analyzing the Industrial Nairobi Metropolitan Area (NMA) we discuss the following;