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Value of Nairobi building approvals up 20pc
The Sh98.7 billion value of approvals in the first half-year marked a rebound in the second quarter from a 31.2 percent decline in the first quarter which was hit by expensive capital and delays in licensing.
The value of buildings approved for construction in Nairobi County grew 20.45 percent in the first half of the year to Sh98.8 billion, data by the Kenya National Bureau of Statistics (KNBS) shows, lifted by a pipeline of newly scheduled projects.
The figures show the value of buildings approved for set up in the capital city rose from Sh82.02 billion in the first six months of 2023.
