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Office building owners in Nairobi are offering favorable leases to Tenants, thanks to a significant amount of stock and upcoming developments.

Kenya's office supply glut gives Tenants upper hand

Office building owners in Nairobi are offering favorable leases to Tenants, thanks to a significant amount of stock and upcoming developments. ... Full story

The business, whose residential London projects have all achieved record-breaking prices, has signed its first contract to design the corporate office of Victoria Commercial Bank, one of the most respected banks in Kenya.

London-based Luxury Developer expands into East Africa

London based luxury property developer, One Point Six has entered into the East African market following two successful years of operation. ... Full story

Carrefour is set to open its first branch in Kampala as it moves to take up space previously occupied by struggling Kenyan retailer Nakumatt.

French Supermarket Giant to open stores in Uganda

French retailer Carrefour is set to open its first branch in Kampala as it moves to take up space previously occupied by struggling Kenyan retailer Nakumatt. ... Full story

Some investors say that the policies of President John Magufuli’s government have made it harder for them to operate in the gold-producing country since he was elected in 2015.

Tanzania central bank cuts reserve requirement to lift lending

Tanzania’s central bank will cut the proportion of deposits banks must maintain as reserves to 7% from 8% as of July 1, in order to boost lending, a report seen by Reuters shows. ... Full story

Dar es Salaam (Dar) is the former capital as well as the most populous city in Tanzania. Its a major city and commercial port on the Indian Ocean coast, grew from a fishing village.

East African economies plan to raise spending on infrastructure

East African countries plan to increase spending dramatically on infrastructure projects in budgets to be released Thursday. ... Full story

The conditions that they have given us are commercially unviable. We said no, let’s meet halfway, says director general of the state-run Tanzania Ports Authority (TPA)

Tanzania’s $10 billion port project has hit an impasse

A planned $10 billion port project in Tanzania backed by China has hit an impasse, with the two sides disagreeing on terms of the infrastructure investment, a senior Tanzanian port official said on Wednesday. ... Full story

Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi.

SA retailer Shoprite expands in Nairobi

South African based retail giant, Shoprite Holdings, has opened its second supermarket in Kenya at the Garden City Mall in Nairobi. ... Full story

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019.

Nairobi’s luxury home prices soften further

Prime residential prices in Nairobi slide by 6.5% in the 12 months to March 2019, according to the Knight Frank Prime Global Cities Index (PGCI) for the first quarter. ... Full story

Kampala is the capital and largest city of Uganda. The city is divided into five boroughs that oversee local planning:

Property Market in Uganda more Stable

The property market in Uganda has not recovered to its past glory but it is more stable and less volatile than it was two years ago, according to a market update by Knight Frank Uganda, a real estate consultancy firm. ... Full story

Prime minister Abiy Ahmed has launched a crowdfunding campaign aimed at making the capital a site for urban tourism by developing greener spaces along a 56-kilometer river stream.

A global crowdfunding aimed to give Addis Ababa a green facelift

Prime minister Abiy Ahmed has launched a crowdfunding campaign aimed at making the capital a site for urban tourism by developing greener spaces along a 56-kilometer river stream. ... Full story

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