GulfCap Real Estate has been honored by the Kenya Professional Realtors Association (KPRA) for developing the best affordable housing project, specifically for their Buxton Point urban renewal project in Mombasa.

• Buxton Point Phase 1 delivered 584 homes.
• The award recognizes GulfCap Real Estate's commitment to sustainable, inclusive, and community-focused growth in Kenya’s real estate sector.
• The project is a demonstration of successful public-private partnerships in delivering quality housing under the Affordable Housing Programme.

The Kenyan government has ordered a formal probe into the KUSCCO Housing Co-operative Society Limited following complaints that it was used to siphon savings from affiliated SACCOs. The inquiry, mandated by a Gazette notice dated October 28, 2025, will scrutinize the society's operations and the conduct of its officials.

• Most important fact or figure: The inquiry was launched due to allegations of the society being used to siphon savings from affiliated SACCOs.
• Key person or organization involved: Commissioner for Co-operative Development David K. Obonyo issued the order, and the investigation team includes Assistant Commissioner for Co-operative Development Fondo Nzovu and Senior Co-operative Auditor John Kariuki Kinyanjui.
• Notable detail that adds context: The probe is based on sections 58 and 73 of the Co-operative Societies Act (Cap. 490) and will investigate alleged mismanagement and significant financial losses.

African nations are urged to reduce their dependence on foreign aid and strengthen domestic financing at the AERC Research and Policy Summit in Nairobi. Economists and policymakers emphasized the need for a shift away from donor-dependent development models to foster economic independence and resilience.

• National Treasury Cabinet Secretary John Mbadi stated that Africa's development should not rely on external goodwill.
• The African Economic Research Consortium (AERC) launched the African Private Sector Platform (APSP) to integrate industry players into policy discussions and expand development financing beyond governments and donors.
• The three-day summit is addressing macroeconomic challenges, policy coordination, and structural reforms to build long-term economic resilience across East, West, and Southern Africa.