Construction Boom Fails to Lift Kenyan Workers’ Wages Significantly
Kenya’s construction sector is expanding rapidly, but workers are not feeling the benefits. Wage growth is slowing even as building activity and investment surge across the country.
Category
Published stories attached to the Market news category.
440 items
Page 46 of 49
Kenya’s construction sector is expanding rapidly, but workers are not feeling the benefits. Wage growth is slowing even as building activity and investment surge across the country.
Sasini’s earnings took another hit as its half-year loss widened and a major Sh7.9 billion asset sale fell through. The failed Gulmarg deal removes a key liquidity boost investors had been pricing in.
Heavy rains are revealing hidden construction flaws across residential and commercial properties. The damage is forcing a rethink of how quickly urban developments are being built in flood-prone areas.
A town once defined by political violence is now drawing fresh capital. Molo’s land prices have more than tripled as investors return in force.
More land buyers are turning to AI tools to cut costs and speed up research in real estate deals. But experts warn that technology cannot replace due diligence in a market still plagued by fraud risks.
Land in Nairobi’s satellite towns is no longer flying off the shelves. Surging prices are now pushing buyers out, slowing what was once a red-hot market
Rent prices in Nigeria’s major cities are rising far faster than incomes, pushing many households to the financial edge. As housing costs soar, more residents are being forced into distant suburbs, informal settlements, or smaller living spaces.
South Africa’s housing market is becoming a tale of two realities. While middle- and upper-income buyers are benefiting from mortgage access, the affordable segment is falling further behind as younger buyers struggle to enter the market.
Developers across East Africa are getting a rare break as construction inflation begins to ease after years of relentless cost pressure. The slowdown could improve project viability and revive delayed housing and commercial developments.