Kenya's construction sector to grow by 8.7% in 2024, steady until 2026.
Developers who put up at least 400 low cost homes will pay 20pc corporate tax.
The labour crunch has forced some developers to turn to uncertified artisans.
Initiative seeks to equip local craftsmen with skills to match the needs of the market.
The move sets the stage for the execution of the controversial road toll policy.
The industry contributes about 5 per cent of the Kenyan economic output.
Turkish manufacturers are eager to partner with Kenyans to promote their products.
China Wu Yi is setting up a Sh3.8 billion construction materials factory in Nairobi.
The shift is mainly motivated by a sharp rise in house prices and rental income.
The deal will see the construction of one-bedroom house at a cost of Sh500,000.
Bedsitters will rent for Sh3,200 per month on a 30-year rent-to-own plan.
Yapı Merkezi is expected to complete the 272-kilometre railway in 48 months.
The new flyover, funded by Spain, is expected to open in 2027.