Entries by Ark

Real Estate Tax Administration: Strangling the goose that lays golden eggs

By Reginald Okumu Real estate is the 4th largest sector of the economy. Between 2008 and 2014 the sector grew on average by 7.2% annually. In 2016, tax revenues recorded from the sector amounted to KShs 3.1bn. According to Kenya Revenue Authority (KRA) the sector’s tax revenue contribution did not reflect the growth and expansion […]

Land Acquisition and Compensation by Reginald Okumu

Vision 2030 is a bold statement of where Kenya should be in just under 15 years. The document set ambitious targets and has proposed development projects to propel Kenya into a middle income country status by 2030. The statement has been backed by huge infrastructure developments, some of which are already complete and in use […]

Is There Opportunity For More Shopping Malls in Nairobi? By Reginald Okumu, Director Ark Consultants Limited, May, 2016

Over the last several months there has been talk in newspapers, board rooms, clubs and even professional circles that the office, retail and residential property submarkets are over supplied. While data is scarce on this subject, a real estate market report released last month was quoted as stating that shopping malls are operating at an […]