State pledges to lower construction costs to spur development

NAIROBI: Players in Kenya’s real estate industry stand to win big as the Government moves to harmonise levies and permits required to register construction plans. This comes as the Government seeks to reduce the costs paid by contractors and developers who had complained of numerous levies and licenses that slowed the industry’s growth.

“I have spoken to the National Construction Authority (NCA) and asked them to look at levies charged to property developers in the hope of reviewing them so as to facilitate investment,” explained Fred Matiangi, acting Cabinet Secretary in the Ministry of Lands.