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Trump’s aid cuts hit Nairobi upmarket home landlords
Knight Frank Kenya CEO Mark Dunford addressing journalists during the Wealth Report 2025 – Kenyan 2nd Edition launch event at Capital Club in Nairobi on May 13, 2025.
High-income earners from the non-governmental organisations (NGOs) sector are abandoning rental homes in Nairobi’s upmarket neigbourhoods, raising jitters among property owners and developers in the prime real estate segment.
Business in the residential areas preferred by expatriate workers has fallen in the weeks since US President Donald Trump decided to freeze aid flowing in through the US Agency for International Development (USAid), revealing the extent to which American assistance trickles into the economies of recipient countries.
