Builders say Government red tape driving up housing costs

Home Afrika Chief Executive Dan Awendo (left) and Genghis Capital Chief Executive Geoffrey Gangla

NAIROBI, KENYA: Delays in Government approvals are exposing real estate developers to huge interest repayments, whose costs they are passing on to customers.

Home Afrika Chief Executive Dan Awendo, whose firm specialises in property development, said yesterday approvals from both national and county governments before and after building take up to five years in some instances.