Real estate scheme fails to stir market nine years later



People Daily | by Steve Umidha


Attempts to make the Real Estate Investment Trusts (Reits) debt market of choice for Kenyans has been dealt a major blow with investors remaining unenthusiastic since the concept was launched nine years ago.

Kenya is among African countries that have established Reits as an alternative means for financing real estate projects in 2013, with Nairobi Securities Exchange (NSE) listed Ilam Fahari I-Reit, pioneering the concept…

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