Kenya’s REITs market capitalization hits Sh24.6bn
Data by the Real Estate Investment Trust Association of Kenya shows the market has grown rapidly from Sh9.8 billion in 2021, indicating high investor appetite for alternative real estate investment channels. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Kenya's Real Estate Investment Trusts (REITs) market capitalization has surged dramatically, nearly tripling to Sh24.6 billion in the past five years, signaling robust investor interest in accessible real estate investment opportunities.
- The market capitalization has grown from Sh9.8 billion in 2021 to its current Sh24.6 billion.
- Key organizations involved include the REIT Association of Kenya and listed entities like the Acorn D-REIT, Acorn I-REIT, Fahari, and Imara REITs.
- A new multi-billion shilling REIT, the Two Rivers International Finance and Innovation Center (TRIFIC) Income REIT, is expected to list this year, further boosting the industry.
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The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M'maka, a former military intelligence chief, as the new Commissioner for Investigations and Enforcement. This appointment is aimed at bolstering the KRA's capacity to combat tax evasion and revenue leakages. Separately, Kenyan companies are witnessing a surge of interest from Tanzanian billionaires, with significant acquisitions in recent months highlighting growing investment flow from Tanzania into Kenya's key economic sectors. Meanwhile, Kenya's Real Estate Investment Trusts (REITs) market capitalization has surged dramatically, nearly tripling to Sh24.6 billion in the past five years, signaling robust investor interest in accessible real estate investment opportunities. A Kenyan reform lobby group, Kuna Dawa, is proposing a constitutional amendment to replace the National Treasury with a new National Economic Council to streamline national development and public finances.
