The value of residential building approvals in Nairobi fell to an all-time low of Sh2.7 billion in May 2021, highlighting a freeze on new projects by investors amid tough economic conditions caused by the Covid-19 pandemic.
Data from the Kenya National Bureau of Statistics (KNBS) shows that approvals of new projects fell to Sh2.7 billion in May 2021, which is the lowest since 2010 when the agency began publishing the reports.
