Kenyan property investment discussed under 'Vision 2030'

03/02/2011 - Kenya property & investment news Posted by Bob Brunskill
Kenyan property investment discussed under 'Vision 2030'

The Kenya Vision 2030 Delivery Secretariat has set out a number of wide-ranging proposals for improving the country's property market.

A breakfast meeting of the secretariat outlined 124 ongoing flagship projects and pointed to the expansion of airports, rural electrification and energy generation as all being key factors in modernising the real estate sector, reported The Standard, Kenya's oldest newspaper.

Other initiatives to be discussed included the development of a rapid transit railway network, the revamping of the ports of Mombasa and Lamu port and the expansion of the multi-billion shilling Thika Highway and bypasses.

Director-general of the secretariat Mugo Kibati and director of strategy Andrew Toboso were reported as saying that the blueprint would evenly distribute development projects across the country.

"Recent infrastructural developments have seen a turn around of the construction industry, which recorded improved growth of 14.6 per cent in the third quarter of last year compared to 2.4 per cent during a similar period in 2009," commented The Standard, which noted that citizens would be able to hold the Vision 2030 accountable should it be formalised as an Act of Parliament.ADNFCR-2019-ID-800384361-ADNFCR