×
The Standard e-Paper
Kenya’s Boldest Voice
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The government’s recent decision to scrap construction levies charged by the National Construction Authority (NCA) and National Environment Management Authority (Nema) was a prayer answered for many in the real estate sector.
During this year’s budget speech last month, Treasury Cabinet Secretary Henry Rotich said the government decided to remove the levies to reduce the cost of doing business. Developers have been paying the NCA 0.5 per cent of the total value of construction projects worth over Sh5 million.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
Prefer the Standard on Google
join