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    17% of Kenyan Billionaires looking to buy a house in 2021

    Uhuru: My desire is to provide jobs for the many unemployed youth

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    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    KPA Extends Date for Regional Maritime Awards Entries

    KPA Extends Date for Regional Maritime Awards Entries

    Raila and Ruto to work together before 2022 Moses Kuria reveals

    Raila and Ruto to work together before 2022 Moses Kuria reveals

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    Kenya still at risk of plastics despite UN Nod

    Kenya still at risk of plastics despite UN Nod

    Huawei and ICT Authority to provide Digital training to young Kenyans

    Huawei and ICT Authority to provide Digital training to young Kenyans

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

  • Markets
    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

    Delight for Bailey’s Drinkers despite Ravages of Pandemic

    Delight for Bailey’s Drinkers despite Ravages of Pandemic

    BAT’s PR agency in trouble for trying to bribe a reporter

    BAT’s PR agency in trouble for trying to bribe a reporter

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    ‘Bei Poa Kitchen’ initiative to provide affordable meals to people in Nairobi

    ‘Bei Poa Kitchen’ initiative to provide affordable meals to people in Nairobi

    Businesses to benefit from Ksh1.6 Billion in Aid from DTB

    Businesses to benefit from Ksh1.6 Billion in Aid from DTB

    Safaricom to borrow Ksh50 billion for expansion into Ethiopia

    Safaricom to borrow Ksh50 billion for expansion into Ethiopia

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    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

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    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

    Nokia to launch its low cost smartphones in Kenya

    Nokia to launch its low cost smartphones in Kenya

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    Housing Finance launches new money transfer service

    Housing Finance launches new money transfer service

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    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

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    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

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    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

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    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    KPA Extends Date for Regional Maritime Awards Entries

    KPA Extends Date for Regional Maritime Awards Entries

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

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    Kenya still at risk of plastics despite UN Nod

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

    DTB Bank set to shut down 6 branches

    DTB Bank set to shut down 6 branches

    • Agribusiness
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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

      DTB Bank set to shut down 6 branches

      Secure your future by saving with Metropolitan National Sacco

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      Housing Finance launches new money transfer service

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      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

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    • Insurance
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      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

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      Pension Schemes Maintain Positive Performance in Q4 of 2020

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      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

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      Octagon feted in 2020 World Pension Summit Innovation Awards

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      What do you need to know before purchasing car insurance?

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      National Bank of Kenya Bags Global Recognition

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      DIB Awarded Best Islamic Bank in Kenya

    • Manufacturing
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      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

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      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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      Why Digital Services Tax is a retrogressive policy

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      Crisis as young Kenyans now embrace Crime as lifestyle

      Crisis as young Kenyans now embrace Crime as lifestyle

Kenyan Business Feed
  • Home
  • News
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Uhuru: My desire is to provide jobs for the many unemployed youth

    Uhuru charms youths with Sh1.3 billion kitty

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    KPA Extends Date for Regional Maritime Awards Entries

    KPA Extends Date for Regional Maritime Awards Entries

    Raila and Ruto to work together before 2022 Moses Kuria reveals

    Raila and Ruto to work together before 2022 Moses Kuria reveals

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    Kenya still at risk of plastics despite UN Nod

    Kenya still at risk of plastics despite UN Nod

    Huawei and ICT Authority to provide Digital training to young Kenyans

    Huawei and ICT Authority to provide Digital training to young Kenyans

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

  • Markets
    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

    CBK reveals Kenyans abroad sent Ksh30.5B in remittances in January

    Delight for Bailey’s Drinkers despite Ravages of Pandemic

    Delight for Bailey’s Drinkers despite Ravages of Pandemic

    BAT’s PR agency in trouble for trying to bribe a reporter

    BAT’s PR agency in trouble for trying to bribe a reporter

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    ‘Bei Poa Kitchen’ initiative to provide affordable meals to people in Nairobi

    ‘Bei Poa Kitchen’ initiative to provide affordable meals to people in Nairobi

    Businesses to benefit from Ksh1.6 Billion in Aid from DTB

    Businesses to benefit from Ksh1.6 Billion in Aid from DTB

    Safaricom to borrow Ksh50 billion for expansion into Ethiopia

    Safaricom to borrow Ksh50 billion for expansion into Ethiopia

  • Real Estate
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    Kenyan Firm awarded Most Innovative Community Developer 

    #OmokaNaAlma: This is how you get awarded Sh50,000 by Cytonn Real Estate

    Developing Countries Set To Lose Sh22 Trillion Due to COVID-19

    Commercial office rents fall 13pc in quarter 3 & 4 of 2020

    New Construction Technology to help NHC deliver affordable homes

    New Construction Technology to help NHC deliver affordable homes

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    NCBA partners with Shelter Afrique to finance properties in 5 counties

    New Ksh350Million Commercial centre to be constructed in Athi River

    New Ksh350Million Commercial centre to be constructed in Athi River

    Greenpark Estate injects Ksh15M to its development

    Greenpark Estate injects Ksh15M to its development

    LG’s OLED Honoured at the Technology and Engineering Awards

    LG’s OLED Honoured at the Technology and Engineering Awards

    Kenya’s position as a Digital Media Hub gaining momentum

    Kenya’s position as a Digital Media Hub gaining momentum

  • Tech
    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Mobile Phones contribute to the realisation of UN SDGs – 2020 GSMA report says

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Opera launch its new Chat App to rival WhatsApp

    Opera launch its new Chat App to rival WhatsApp

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

    Nokia to launch its low cost smartphones in Kenya

    Nokia to launch its low cost smartphones in Kenya

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    LG’s 2021 TV Line-up Promises Ultimate Home Entertainment

    Housing Finance launches new money transfer service

    Housing Finance launches new money transfer service

  • World Business
    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    World Engineering Day to Be Celebrated in Kenya

    World Engineering Day to Be Celebrated in Kenya

    How NASA Technology Can Help Save The World’s Largest Shark

    How NASA Technology Can Help Save The World’s Largest Shark

    After fight with US Authorities Huawei CEO now want talks with Biden

    After fight with US Authorities Huawei CEO now want talks with Biden

    Ford Vehicles to be powered by Android and Google apps in new deal

    Ford Vehicles to be powered by Android and Google apps in new deal

    Columbia Africa banks on primary and preventive healthcare to grow market share

    Columbia Africa banks on primary and preventive healthcare to grow market share

    DHL Express Named Best Employer in The World

    DHL Express Named Best Employer in The World

    Meet the founder of Safari Doctors Umra Omar

    Meet the founder of Safari Doctors Umra Omar

    Kenya to receive Ksh 1 billion from Google for economic recovery

    Kenya to receive Ksh 1 billion from Google for economic recovery

  • KBF
    • All
    • Agribusiness
    • Banking
    • Insurance
    • Manufacturing
    • Opinion
    17% of Kenyan Billionaires looking to buy a house in 2021

    17% of Kenyan Billionaires looking to buy a house in 2021

    OPPO Announces Global Partnership with Volkswagen

    OPPO Announces Global Partnership with Volkswagen

    2 Kenyans selected to create African Inspired stickers for New Chat App

    2 Kenyans selected to create African Inspired stickers for New Chat App

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

    KPA Extends Date for Regional Maritime Awards Entries

    KPA Extends Date for Regional Maritime Awards Entries

    realme awards fans to Valentines through DaretoLove Campaign

    realme awards fans to Valentines through DaretoLove Campaign

    Kenya still at risk of plastics despite UN Nod

    Kenya still at risk of plastics despite UN Nod

    IoT predictions for 2021: Smarter tech will make better business

    IoT predictions for 2021: Smarter tech will make better business

    DTB Bank set to shut down 6 branches

    DTB Bank set to shut down 6 branches

    • Agribusiness
    • Banking
      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      DTB Bank set to shut down 6 branches

      DTB Bank set to shut down 6 branches

      Secure your future by saving with Metropolitan National Sacco

      Housing Finance launches new money transfer service

      Housing Finance launches new money transfer service

      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

      Businesses to benefit from Ksh1.6 Billion in Aid from DTB

      Leak: 53 Kenyan banks, individuals Named in FinCEN Files For Illegal Sh6 Trillion Transactions

      Impending layoffs at Absa Bank Kenya Plc

      Family Bank opens its 92nd branch

      Family Bank opens its 92nd branch

      Kenyan shilling dips to a 2-year low against the US dollar

      Formation of Sacco Fraud Investigation Unit timely

      73% of female journalists likely to experience Sexual Harassment at work

      Accountants and finance professionals less likely to be harrased at work says report

    • Insurance
      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Faulu Bank to lend Ksh 3 billion to SMEs to boost growth

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      Pension Schemes Maintain Positive Performance in Q4 of 2020

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

      DigiTrust: ICEA Lion Group bets on technology in the rewarding money market field

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      ICEA Lion Life appoints a new CEO

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      Exposed: Insurance Company on The Spot for Fruatrating clients

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      Octagon feted in 2020 World Pension Summit Innovation Awards

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      What do you need to know before purchasing car insurance?

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      National Bank of Kenya Bags Global Recognition

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      DIB Awarded Best Islamic Bank in Kenya

    • Manufacturing
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      IoT predictions for 2021: Smarter tech will make better business

      KRA Goes After Rich Individuals, Firms Over Sh250 Billion

      Digital Services Tax a desperate move caused by bad governance

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

      OPINION: Managing the end-of-life of products to accelerate a circular economy in Kenya

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      Why Digital Services Tax is a retrogressive policy

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      How Citizen TV Became The Most Watched in Kenya

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      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      OPINION: Conserve Nature Even as you Work to Achieve SDGs

      Crisis as young Kenyans now embrace Crime as lifestyle

      Crisis as young Kenyans now embrace Crime as lifestyle

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Government to Forcefully Acquire Golf Club for Road Expansion

by Neymar
November 11, 2020
in KBF, News
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The Treasury will spend Sh5 billion to compulsorily acquire Nairobi’s Railways Club and free up land for the expansion of Uhuru Highway and construction of a passenger terminal.

The Senate Labour committee says the Treasury has transferred the Sh5 billion to the National Land Commission (NLC) to facilitate compensation for the land belonging to the Kenya Railways Retirement Pension Scheme.

The government seeks to acquire the land for the Nairobi Expressway Road Project and build a passenger terminal for matatus coming through Machakos and Lang’ata roads at Railway Golf land off Uhuru Highway.

“The Treasury has confirmed that the money is available and that the NLC is finalising the valuation for the compulsory acquisition of Railways Club land,” Nairobi Senator Johnson Sakaja said while issuing a statement on a petition filed by the pensioners.

Nairobi Expressway is a Sh59 billion project that is meant to decongest the city from perennial traffic congestion.

The double decker road will be financed under the public-private partnership (PPP) model. China Road and Bridge Corporation (CRBC) will build the 27.1km road linking the Jomo Kenyatta International Airport (JKIA) to the Nairobi-Nakuru highway.

The government in March published a Kenya Gazette notice listing 56 parcels of land to be acquired for the project.

The list included land belonging to Doshi Holdings, Simba Colt Motors, Next Gen Office Suites, Dyer & Blair Investment Bank, Technical University of Kenya, the University of Nairobi and Kenya Railways Corporation.

In September, the government carried out demolitions of businesses erected at the Nairobi Lunar Park and those that sit on the edge of Uhuru Park.

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The demolitions followed the compulsory acquisition of the land belonging to the Kenya Railways Retirement Benefits Scheme.

Mr Sakaja said the Sh5 billion will cater to railways pensioners’ needs for the next six years.

“The scheme is also looking at a number of properties that it has put up for sale in Nairobi’s Valley Road and Upper Hill. Once these amounts are realised, the problems of railways pensioners will have been sorted out,” he said.

He said the Retirement Benefit Authority was working on a plan to ensure debt recovery and sale of assets to maintain the required liquidity ratios at the Kenya Railways Staff Retirement Benefits Scheme.

“We are also looking at governance issues and we have asked the Auditor-General to conduct a forensic audit on scheme operations. We have asked a similar audit from the RBA. We want to know how the rent money the scheme has been collecting has been utilised. We also want to know the status of land in which Rahimtulla Trust Building in Upper Hill sits,” Mr Sakaja said.

Members of the retirement scheme had petitioned the Senate to investigate its financial status after it failed to pay pension.

The scheme’s trustees have been disposing part of the multi-billion shilling asset investments in Nairobi and Mombasa to raise funds to pay pensioners.

The properties in Nairobi include a 0.48-acre plot in Hurlingham, a 43-acre parcel in Ngara and 0.71 acres on Kindaruma Road off Ngong Road.

In Mombasa, the trustees intend to dispose of 2.67 acres on Chambilo Road, Kizingo area, on which two four-storey block of flats each comprising 16 units of two bedrooms each sit.

via BD


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]

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