Property developers shy away from new projects in Nairobi

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The Standard | by Dominic Omondi


The value of buildings approved for construction by the County Government of Nairobi last year declined by Sh54 billion as investors scared by the pandemic took a wait-and-see approach, data from the national statistician shows.

This was a drop of slightly over a quarter to Sh153.6 billion compared to buildings worth Sh207.6 billion that were approved by the county the previous year, according to data from the Kenya National Bureau of Statistics (KNBS)…

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