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June 12, 2017

Kenya’s general elections and what it means for real estate

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As Kenya edges closer to its August 2017 general elections, Kenya’s business community is strongly spelling out specific criterion that both its members and all Kenyan electorate must use as they prepare to cherry-pick their leaders.

For the next five years, the elected leaders who will be running both the national and local governments must commit to addressing two major issues. Number one: Pass and implement the County Governments Tax Regulation Process Bill 2016. If passed, this bill is bound to allow efficient processes of approval of plans and policies at the county level. Read More

June 12, 2017

Harnessing Diaspora Bonds to Develop Africa

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If one in every ten members of the African diaspora, worldwide, was persuaded to invest only $1, 000 in their home countries, Africa could raise a total of $3 billion a year for her development financing.

This hypothesis, by the World Bank is based on solid facts. The contribution made by Diasporas to their homeland has been immense. According to this Washington D.C bases institution’s official records, Remittances to sub-Saharan Africa were expected to jump in year 2016, by 3.4 percent, to $36 billion, from $35.2 billion in 2015… Read More

March 23, 2017

Reasons why Kenya won’t experience a property bubble burst soon

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The property bubble is a theory to put off new players in the property market

The discussion on the property bubble has been on since 1999. The story attracts a lot of media attention and is believed by many of those who have not invested in the property market yet. The discussions are mainly initiated by big players in Real estate. In the meantime the players move on and set up very big developments as the discussions continue to discourage the players and those individuals who believe in such stories from focusing on emerging opportunities in the industry. Read More

March 14, 2017

How to carry out due diligence on a real estate firm

A yellow folder with the label Due Diligence

I am George CEO Optiven Real Estate, I once lost Ksh.5 million shillings on a land transaction and it was one year of pain and stress. During that period, these are the lessons that I learnt that I would like to share with most of us who want to keep investing in real estate in a safe manner.

1.Check whether the company is registered to conduct real estate business. Feel free to ask for a registration certificate, as it’s your right.

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April 30, 2015

Why Invest In Kitengela?

Kitengela Town

Kitengela town is located 30 km from Kenya’s capital, Nairobi. The town, which is in Kajiado county, has been undergoing a property boom since 2011. Optiven real estate, a company that was awarded the overall winner and the best company in real estate 2014/2015 has been the leading developer in this county…

 

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