Businesses & Financial News

Kenya’s housing mini-boom is gathering pace, Mizizi Africa

By Monica Muema

Experts in property market expect a mini housing market boom despite elctions jitters – which has lingered for several months now.

Mizizi Africa Homes has called on Kenyans and the Independent Electoral and Boundaries Commission (IEBC) to ensure a peaceful election to protect investments and safeguard economic stability.

The developer said the ball is now on the IEBC and voters’ court with their actions very key in shaping investor confidence and state of economy in the country.

“We have had a good run so far, with investor confidence still high. For the first time we have seen investors expanding operations and others setting up operations in an election year. We just cannot afford to drop the ball now,” said Mizizi Africa Homes Chief Executive Officer, George Mburu.

For IEBC, the developer said it needs to ensure its systems and processes deliver credible results that reflect the will of the people and supports peaceful and smooth transfer of power to the next government.

Similarly, Mburu called on Kenyans and the political class to embrace the spirit of brotherhood and maintain peaceful co-existence before, during and after elections.

“I am urging everyone to preach messages of peace and hope. All these are very critical aspects that we all must consider to bolster investor confidence by affirming to them that Kenya’s economy has overgrown election uncertainties, and is always ready for business,” said Mburu.

He added, “A peaceful coexistence and transition of power will ensure we tame potential investor capital flight and return to nation building faster. With increased economic activities, it means more cash flows and more capacity for locals to continue investing in home ownership and businesses continue with post pandemic recovery.”

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