Value of Nairobi's approved buildings dip to Sh154b on Covid, poll jitters

GTC Tower which has 42 floors (excluding the ground floor). Dubbed Global Trade Centre, the 7.5-acre development comprises six imposing towers: a 47-level 3A Plus Office Tower, a 35-level hotel tower. [Elvis Ogina, Standard]

The value of buildings approved for construction by the County Government of Nairobi last year declined by 33 per cent to Sh102.9 billion as investors maintained a wait-and-see approach, as the country heads to the polls on August 9, this year.

In 2020, buildings valued at Sh153.6 billion were approved for construction in the capital city, according to data from the Kenya National Bureau of Statistics (KNBS).