Kenya Market Update

Kenya Market Update

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Summary

•Kenyan economy slows down • Kenya shilling stabilises against major currencies • Monetary Policy Committee suspends Kenya Banks Reference Rate • Fahari I-REIT registers profits, Prime commercial rents stagnate as supply increases • Prime residential rents decline marginally • International hotel brands continue to enter the market • Shopping centre developments open for business • Investors and developers target industrial property sector

Source: Knight Frank

Published: 2019

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