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KPRA Announces The 2nd Annual Kenya Real Estate Convention 2018

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The 2nd Annual Kenya Real Estate Convention is an exceptional event that caters for professionals and industry sectors by bringing together buyers and sellers, residential and commercial developers, realtors, investors, service providers and other related real estate professionals under one roof.
The convention’s theme: Raising The Bar in Kenya Real Estate Market aims to help Real Estate professionals take advantage of this robust industry and sizeable profitable opportunities by enhanced service levels and professionalism.
Exhibitors ranging from residential and commercial developers, realtors, banks, home security companies, and many other service providers from the Kenyan Real Estate industry will showcase their products; participate in panel discussions from prominent industry and services experts. The Convention has all the right ingredients for a successful networking and engagements.
The goal of the convention is to get together to get ahead and tap into Kenya’s growing Real Estate industry.
We will feature industry champions on center stage and showcase affordable building technologies available in Kenya as well provide a platform for delegates to partner with various Companies.
Our understanding of the need for Real Estate Professionals to network, connect, learn and equip themselves with the changing trends of the Kenyan Real Estate industry in one platform makes us believe that the convention will be a must attend annual event for Real Estate professionals and related service providers.
The Real Estate Convention is a two day event consisting of keynotes, plenary, exhibitions and panel discussions. It is proudly brought to you by Kenya Professional Realtors Association (KPRA).

Real Estate News

Kitengela residents build own sewer line

Kitengela residents have opted to raise own funds for construction of a Sh39 million sewer line after years of unfulfilled promises by county and national governments that has left them exposed to infectious diseases. The residents, comprising at least 279 landlords with property in the Export Processing Zone Authority (EPZ) area, are the sole financiers of the project that seeks to improve hygiene and sanitation in the area. The EPZ neighborhood has been picked to pilot the project that promoters hope to extend to the wider Kitengela Township.
The sewer line that seeks to cover 45 kilometres and join the EPZA Athi River Sewerage system in neighboring Machakos County will benefit at least 300 rental flats and 100 homes with a population of more than 20,000 is set to be operational in six months. The populous Kitengela Township currently relies on septic tanks for waste management, but rising cost of hiring exhausters has occasioned frequent sewer overflows that have significantly increase health risks in the area.
Public health officials have expressed fear that the septic tank overflows may have contaminated some borehole water connections in the area. Speaking during the official launch of the sewer line project at Kitengela, the residents claimed that efforts to reach out to both the national and county governments to build the key water and sewerage infrastructure in the area had been unsuccessful forcing them to opt for the self-help option.
Contributions for construction of the sewerage line began in 2015 and were immediately followed by a Sh3 million feasibility study that paved the way for the three-phased construction work to begin. “Raw sewage flows freely from most residential and business premises in this town exposing us to outbreak of waterborne diseases. We decided not to wait any more for government but to do it for ourselves,” said Beatrice Wambui, a local resident.
Titus Ndei, the secretary- general of the self-help group, said the sewer line’s coverage range was decided after wide consultation with stakeholders and regulatory authorities. “We shall not relent in our quest to get this infrastructure built and improve the lives of Kitengela residents,” said Mr. Ndei even as he called on the county government to support the initiative and ensure completion of the sewer line and its extension to cover the larger Kitengela area. Lack of a working sewerage system has left Kitengela Township with exorbitant exhauster charges that currently stand at between Sh12, 000 and Sh18,000 per trip. The waste is ferried to Machakos and Nairobi counties for disposal. The high cost of waste disposal has forced landlords to ration water usage in their plots to cut down costs. None of satellite towns in Kajiado County has a sewer line – a reality that has continued to expose residents to health hazards.

The Economy

NCPB at risk of losing Sh8bn maize stocks

The National Cereals and Produce Board (NCPB) could lose Sh8.5 billion worth of maize in its strategic food reserve (SFR) that is already yellowing and browning in the silos less than one year after it was bought from farmers. NCPB acting managing director Alvin Sang told the Senate that the SFR board, which is required to make critical decisions such as selling the stock, is currently dysfunctional, leaving the 3.6 million bags of maize at the risk of going to waste.
“We are in the process of removing the maize that is yellowing or browning in the silos, but we want the SFR to give us authority to repackage and create space,” said Mr. Sang, who was accompanied by Crop Development principal secretary Hamadi Boya said.
Mr. Sang told the committee chaired by Uasin Gishu Senator Margaret Kamar that the NCPB requires funds to upgrade its silos and keep maize for more than six months. “We have advised them (SFR) to sell the maize in Kisumu because there is market there. Unfortunately it cannot be sold at Sh3, 200 as it was bought because market price has dropped to between Sh1, 500 to Sh2,000,” he said.
Mr. Sang said the 3,626,973 bags of maize in the SFR on April 18, 2018 included 300,000 bags of maize that was imported from Mexico in the last crop season. A total of 10.5 million bags of maize were imported from Mexico during the duty free maize importation window between May and December 2017. Mr. Sang said NCPB has so far paid farmers Sh8,053,320,000 leaving Sh3,575,854,400 as pending bills of which Sh1.4 billion will be paid as soon as the multi-agency team working on the issue identities the real farmers. “Some of the maize we have in our silos has stayed for more than the recommended period of six months. The maize we are holding is about nine months old but is becoming yellowish and
brownish, making it unattractive to millers who may not buy it,” Mr. Sang told an ad-hoc committee that is investigating importation of maize during last year’s duty free window that opened in July and closed in December 2017. Mr. Sang said lack of a functional SFR board and its failure to meet has rendered NCPB incapable of removing and packaging maize in the silos for storage in other locations.
The NCPB said it has empty space at several of its 110 stores countrywide with a capacity to hold 21.52 million bags. The board also has silos in the grain basket region and Nairobi with a storage capacity of 3,090,000 bags — excluding Cypress Bins of about 1.5 million 90kg bags. Mr. Sang said the SFR has to get Cabinet approval to dispose of the maize at lower than Sh3,200.
“This will take long and it’s a dilemma for the Ministry of Devolution. The maize is still good for human consumption, but the colour has changed,” said Mr. Sang. He said NCPB wants the Agriculture ministry to allow the board to buy gunny bags and move the maize to empty silos across the country given that SFR must foot the bill of the bags and guide NCPB on where the maize should be moved to. Mr. Sang said Agriculture secretary Mwangi Kiunjuri has committed to filling the vacant board
posts to enable the agency fulfil its mandate.

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