The Developer's Digest, April to May 2016 Issue

kpdadevelopers

APRIL JAN –– MAY MAR 2016 ISSUE

KENYA PROPERTY DEVELOPERS ASSOCIATION

A Publication by the Kenya Property Developers Association

Urban Housing

Affordability in Kenya

Cover Photo: ZIGLOO DOMESTIQUE SHIPPING CONTAINER HOME IN CANADA

Considered one of the very first shipping container homes in Canada, this dwelling was built using a total of eight 20-foot shipping

containers. The home spans 1,920 square feet, having 3 bedrooms and 2 bathrooms and was designed by Keith Dewey.

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Focus on Policy

Have Your Say

NCC Building Permitting Approval Report


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From the Secretariat

Have Your Say

Hamish Govani

Chairman

Palkesh Shah

Board Member

Mucai Kunyiha

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Margaret Kibe

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KPDA SECRETARIAT

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FROM THE SECRETARIAT

“POLITICS IS TOO IMPORTANT

TO BE LEFT TO POLITICIANS”

OFFER! OFFER! OFFER! 10%

DISCOUNT TO ALL KPDA MEMBERS

Recently I was priviledged to attend the

6th Presidential Round Table Meeting

organized by the Kenya Private Sector

Alliance and the Office of the President.

My take-home from this meeting were

the words, ‘Politics is too important to be

left to politicians.’

This astoundingly sobering phrase was

uttered by Polycarp Igathe, Chair of

the Mkenya Daima Operations Team.

Following the 2007/8 post-election

violence, business leaders under

KEPSA’s umbrella proactively engaged

themselves in solving issues around the

disputed General Election.

The Kenyan business community, in

collaboration with other stakeholders,

formulated the ‘My Kenya’ initiative

to ensure that this disruption does

not recur, that the electoral process

is peaceful, and equips citizens with

information and knowledge to elect

leaders of integrity.

As we approach the 2017 General

Elections, we as KPDA are committed

to contributing to a peaceful, voting

process that will in turn lead to an

enhanced real estate market in Kenya

that will continue to uphold the building

and construction sector as a major

contributor to the success of Kenya’s

economy.

In this issue of The Developer’s Digest,

you will find a briefing on the 6th

Presidential Round Table meeting, an

interesting article on affordable housing

challenges in Kenya as well as our

usual Nairobi City County Government

Building Permitting Approvals Report.

I would like to take this opportunity to

also emphasize that our newsletter is

an effective medium to advertise your

business. As such, we are running a

promotional offer on advertising using

The Developer’s Digest and the KPDA

Media Weekly Review Report.

Here’s wishing you our dear readers, a

peaceful and productive month of June.

Elizabeth

KPDA wishes to welcome our newest members:

• Kanaga & Associates (Associate)

• Simba Corporation Ltd (Corporate)

• CFL Advocates (Associate)

• INFPAC Ltd (Corporate)

• Spearhead Africa Ltd (Associate)

• Oraro & Company Advocates (Associate)

• Ogola & Mujera Advocates (Associate) • Technoconstruct Kenya Ltd (Associate)

• Pentagon Properties Ltd (Corporate)

• Mboya Wangong’u &Waiyaki Advocates (Associate)

Welcome to the KPDA Family!

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

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HAVE YOUR SAY

URBAN HOUSING AFFORDABILITY IN KENYA

A Case Study of the Mortgage Housing Sector in Nairobi

By Kieti Raphael Mutisya, BA (Land Economics), M.A, MISK, R.V

KENYA PROPERTY DEVELOPERS ASSOCIATION

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Over 70% of urban households in Kenya

experience severe housing affordability

challenges. Affordability problems

are manifested in the high levels of

homelessness, poor human settlement

conditions, high price of housing

relative to the incomes of households,

mortgage delinquencies, defaults and

foreclosures.

This study investigated factors affecting

housing affordability in Kenya. Previous

studies on housing in Kenya have been

descriptive in nature and little or no

emphasis has been made on empirical

studies on factors affecting affordability

especially with regard to contribution of

the factors to housing affordability.

The result has been a lack of knowledge

on which factors are critical in explaining

the affordability problems of urban

households in Kenya.

The objectives of this research work

were therefore to: identify significant

factors that affect housing affordability,

determine the influence of the

significant factors and rank them with

respect to contribution to housing

affordability and, suggest policies

necessary to address the urban housing

affordability problem in Kenya.

The research focused on affordability in

the home-ownership mortgage housing

sector in Nairobi. The methodology was

based on a questionnaire survey to

households with mortgage loans from

Housing Finance Institutions and Banks.

A total sample size of 390 households

was targeted for the study. However,

353 households responded to the

survey yielding a response rate of 90.5%.

Information relating to social-economic

characteristics of the households,

loan and property data as well as

macroeconomic data was analysed in

order to address the objectives of the

study. The analyses were done using

qualitative and quantitative approaches

with the aid of the Statistical Package for

Social Sciences (SPSS) software.

Three statistical procedures, namely;

descriptive statistics, correlation analysis

and regression analysis were performed

on the data with the aim of identifying

factors which are significant predictors

of housing affordability.

The research found that there is a

significant linear relationship between

housing affordability and the factors:

Interest on loan, Number of dependants

(outside the nuclear family), Number

of family members with income,

Construction cost, Size of the household,

Loan-to-value (LTV) ratio, Land value,

Real gross domestic product (GDP)

per capita, Job position/status of the

individual paying the mortgage, Type of

mortgage instrument, Loan term, Loss

of regular employment income and the

rate of inflation.

The results indicated that the interest

charged on mortgage loan has the

greatest influence on the affordability

of the households. The interest on loan

which reflects the mortgage interest

rate charged by the banks influence

affordability because it determines

the borrower’s monthly mortgage

repayment amounts.

The results showed that an increase

in the amount of interest charged on

the loan increases the monthly loan

repayment placing a higher repayment

burden on the households thus affecting

their affordability.

Applying Multiple Regression Analysis

(MRA) to determine the contribution

of the significant factors and, therefore,

rank them with respect to contribution

to affordability, the results showed that

eight (8) factors namely; Interest on

loan, Number of dependants (outside

the nuclear family), Loan-to- value (LTV)

ratio, type of mortgage instrument,

Number of family members with

income, Loan term, real GDP per capita

and size of the household, have a

significant contribution to affordability

and are therefore the most critical

factors that influence affordability in the

home ownership (mortgage) housing

sector in Kenya.

The regression model comprising of the

eight critical factors has a correlation

coefficient (R) of 0.833 and a coefficient

of determination (R2) of 0.693. The

model has a significant F-value of

97.127, indicating that the eight factors

are significant predictors of housing

affordability. Among the eight factors,

interest on loan is the most important

factor accounting for 52.8% of the

variance in affordability, while the size of

household is the least important factor.

From the literature review and the

results of the analyses performed in this

study, it was concluded that housing

affordability is influenced by clusters

of factors related to the households’

social economic characteristics, loan

characteristics, property attributes and

macro-economic factors.

The households social economic

characteristics among others include;

the Loss of regular employment income,

Number of dependants, Number of

family members with income and Size of

the household. The loan factors include

the Interest charged on loan, Loan-tovalue

(LTV) ratio, Loan term and the Type

of mortgage instrument.

The property attributes are the Cost of

construction, Land value, Developers

profit and Property transfer costs. The

macro economic factors include the Rate

of inflation, Real gross domestic (GDP)

per capita and Unemployment rate.

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Kenya Property Developers Association... Development brings Development!

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HAVE YOUR SAY

FOCUS ON POLICY

The results of the analyses showed

that the social economic factors affect

affordability because they influence

households’ income. The loan factors

influence affordability because they

affect the price of housing and the

monthly mortgage repayments of the

households.

The property factors affect the price

of housing and therefore the monthly

loan repayments. The macro economic

factors affect both the income of

households and housing price as well as

mortgage interest rates charged by the

banks and financial institutions.

Policy measures have been proposed

to reduce or stabilize mortgage interest

rates, reduce the price of housing, and

improve household’s income so as to

enhance access to housing and improve

affordability among urban households

in Kenya.

The research thesis is organized into six

chapters. Chapter one covers the general

background to the study in the form

of introduction, problem statement,

study objectives and hypothesis as well

the significance and limitations of the

study. At the end of the chapter, the

organization of the study is presented.

Chapter two provides a general over

view of the urban housing problem with

reference to developing countries. The

purpose of the review is to develop a

frame work and lay a solid foundation

necessary to contextualize the urban

housing affordability problem generally

and in particular factors affecting

affordability in Kenya.

Chapter three provides the theoretical

and conceptual framework of the study.

In particular, the theories that explain the

urban housing affordability problem in

developing countries are identified and

The property attributes are the Cost of

construction, Land value, Developers

profit and Property transfer costs. The

macro economic factors include the Rate

of inflation, Real gross domestic (GDP) per

capita and Unemployment rate.

explained. Review of theories in research

studies is important because they offer

a theoretical basis for undertaking the

research study.

Theories explain the phenomenon that

is being studied and offers tentative

theoretical answers or solutions to the

problem that is being investigated.

The last section of the chapter reviews

literature on the factors affecting

affordability and formulates a

conceptual model of affordability and

its determining factors.

Chapter four defines the research design

and methodology adopted to address

the research questions and objectives of

the study.

The chapter begins with a brief

description of the case study area,

Nairobi, its location in Kenya, population

dynamics and the housing situation

that necessitates the need for policy

interventions to address the affordability

challenges of households in the City and

Kenya in general.

The chapter then discusses the research

design adopted for the study by

highlighting the sources and types of

data used, the procedures employed

in deriving the research variables and a

description of the relevant variables and

data used in the study.

Chapter five identifies the factors that

affect housing affordability in the

home ownership mortgage housing

sector and ranks them with respect to

contribution to affordability.

Chapter six provides a summary and

discussion of the main research findings,

the conclusions drawn from the

research findings as well as contribution

to knowledge, policy recommendations

and suggested areas of further research.

The above article is an extract from a thesis submitted by

Kieti Raphael Mutisya in fulfillment of the requirements

for the Degree of Doctor of Philosophy, Department of Real

Estate and Construction Management, School of the Built

Environment, University of Nairobi, Kenya.

For more information, kindly visit http://erepository.

uonbi.ac.ke/handle/11295/90808

REPORT ON THE 6 TH PRESIDENTIAL ROUND

TABLE MEETING, THURSDAY 26 TH MAY 2016

H.E President Uhuru Kenyatta and H.E

Deputy President William Ruto hosted

the 6th Presidential Round Table on the

26th of May 2016 at Statehouse Nairobi.

The main theme of the PRT was Kenya’s

Competitiveness.

The focus was on SME and

Entrepreneurship Development in Kenya

through developing an SME Maturity

Model. The Roundtable discussion

also delved into issues inhibiting the

productivity and competitiveness of

Agriculture and Manufacturing Sectors.

H.E President Uhuru Kenyatta

highlighted key gains in fostering the

growth of SMEs including:

• That the recommendations of

the coffee sub-sector taskforce

are under implementation and

the government will extend the

initiative to other crops to support

SMEs in the agriculture sector;

• That an agreement has been reached

to extend the SGR to Naivasha and

this will be complemented by the

development of an industrial park

along the corridor;

• That the Roads Annuity Programme

will commence with the signing

of the first contract on the 27th of

May 2016 and that private sector

was encouraged to leverage on

opportunities created under this

programme;

To improve governance and the

fight against corruption, the public

procurement and assets disposal

Act Regulations will be fast-tracked.

The Private sector was encouraged

to promote dialogue with various

stakeholders to create a stable

environment for business during the

current electoral cycle.

KEPSA Chair Amb. Dennis Awori

highlighted four key areas of

improvement that will further

bolster Kenya’s attractiveness as an

investment destination. These are:

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

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FOCUS ON POLICY

FOCUS ON POLICY

tax administration, the state of the

financial sector which is currently facing

challenges in all its subsectors, political

tensions and regional cooperation.

Tax Administration

There is still a backlog of pending VAT

refunds even after the enactment of the

VAT Act, 2013 which had reduced the

amount of vatable refunds.

The National Treasury committed to

clear all verified VAT refunds prior to the

VAT Act within the first quarter of the

next financial year. Treasury reported

that it had made provision for the

refunds under the 2016/2017 budget.

On tax collection and administration,

the private sector noted the efforts of

KRA to become more efficient through

initiatives such as establishment of

the i-Tax platform, enactment of the

Tax Procedure Act 2015, appointment

of members of the Tax Appeals

Tribunal, implementation of the

Audit Governance and improvement

programme among others.

The Private Sector continued to engage

with KRA on further streamlining these

processes and procedures.

State of the Financial Sector

The banking sector is facing shocks that

have shaken the confidence in tier 3

and 4 banks. The Private Sector believes

in well capitalized banks with sound

management and good governance

and supports the Central Bank’s efforts

in achieving these objectives.

The insurance sub-sector is also going

through challenges as are equities and

bonds at the NSE. The Private Sector,

however, remains optimistic that the

sector is resilient and will rebound once

the Capital markets stabilize.

The Government was asked to expedite

the establishment of the Financial

Services Authority to bring much

needed coherence in regulation and

position Nairobi as a Financial Services

Centre.

The new Constitution promulgated

in August 2010, provides checks and

balances by establishing institutions

and public management systems that

will drive service delivery to all Kenyans.

The private sector reiterated that

constitutionally mandated institutions

were paramount in building public

confidence. Any shortcomings and

challenges in an institution should be

resolved within the legally established

channels or through stakeholder debate,

as we have done in so many instances in

the past.

KEPSA was concerned over the

riots that have accompanied recent

demonstrations over IEBC. Besides

the tragic loss of life witnessed, the

demonstrations continued to hurt

businesses whilst the adverse media

coverage hurt the country’s image and

was rolling back the recovery of our

tourism sector.

To address this concern and sensitize

the public on key governance issues, the

Private Sector has initiated the Fourth

Phase of the Mkenya Daima Campaign

with a focus on national values.

MKenya Daima Vice-Chair Polycarp

Igathe explained that the Campaign

will have three phases focusing on

Integrity, Civility and Elections. Under

Integrity, the Campaign will address

ethical issues such as corruption and

corporate governance. Under Civility,

the campaign will encourage the

adoption of national values to promote

humane co-existence.

Under the phase on elections, the

campaign will through its mantra ‘Kagua

Kabla ya Kuchagua’ seek to encourage

voters to vet leaders before electing

them into office.

Regional cooperation

Another concern of the private sector

was the high cost and delay of executing

projects. Issues such as land acquisition

and access to way-leaves, community

pressures and expectations were

affecting investment in the counties

and could further undermine regional

integration.

On regional integration, the Private

Sector welcomed the accession of Sudan

to the East Africa Community. This will

enable Kenya’s Private Sector address

some of the outstanding bilateral

challenges under the EAC framework.

It was noted that within the EAC region,

Kenya had the least number of NTBs

which demonstrated our commitment

to EAC integration. KEPSA continued to

advocate for the elimination of all NTBs.

The KEPSA ICT Sector Board Chair Mike

Macharia made a presentation on

the SME Maturity Model. The Private

Sector identified quick wins that would

make the SME Maturity Model kick off

in sub-sectors such as Agriculture and

Agro-Processing, Manufacturing and

Industrialization, Construction and Real

Estate, Tourism and support services

such as ICT and Financial Services.

The Private Sector recommended the

following:

1. Endorsement of the proposed SME

Maturity Model

2. Finalization of the development of

the Export Strategy and linking it

with the SME Maturity

3. Model – the policy will be finalized

and forwarded to National

Assembly within one month (by

July 2016).

4. Cabinet to approve the Draft

National Local Content Policy

(under the auspices of Buy Kenya-

Build Kenya) – The President

directed that policy be brought to

the Cabinet for approval during the

next meeting scheduled for next

week.

5. Preference and Reservations

Regulations being developed

should embed local content. It was

agreed that the Regulations be

ready by end of June 2016.

It was resolved that Performance

Contracts guidelines be reviewed to

incorporate local content to enable the

government monitor and report on

local content uptake.

The private sector committed to report

back to the President in July on its

uptake of local content. It was also

agreed that the all SME support funds

will be consolidated under a National

Biashara Bank.

The Private Sector undertook to, within

2 months, establish a comprehensive

open national data set to anchor the

SME Maturity Model.

The Roundtable also discussed

issues inhibiting the productivity and

competitiveness of Agriculture and

Manufacturing sectors. The KEPSA

Agriculture, Livestock and Fisheries

Sector Board Chair Dr. John Mutunga

and Kenya Association of Manufacturers

Vice-Chair Flora Mutahi proposed as

follows.

1. That the Land Use Planning Policy

will be approved to help demarcate

and zone off agricultural land from

other users;

2. That County Governments be

encouraged to increase investment

in agriculture sector in order to push

budgetary allocation progressively

towards the 10 per cent as required

under the Maputo Declaration;

3. That the law be amended to

provide for penalization of private

businesses that delay payments to

suppliers;

4. That the Regulations to the Public

Procurement and Asset Disposal

Act be reviewed to address cases

where the public sector clients

delays payments.

The Roundtable agreed to hold a small

meet composed of the private sector

and government by first week of July

2016 to report on implementation of

these commitments.

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

7 8


UNICORN PROPERTIES AND DEVELOPERS LTD

Chiromo Court, Chiromo Way,

P.O.BOX 44224 - 00100

Nairobi, Kenya

Cell : 0717 686364

Email: sales@unicornproperties.net

www.unicornproperties.net

OVERVIEW ON KPDA ACTIVITIES

OVERVIEW ON KPDA ACTIVITIES

WORKSHOP ON SOLUTIONS FOR PRODUCTIVITY,

EFFICIENCY AND INNOVATION IN INDUSTRIES,

MONDAY 9 TH MAY 2016

The Kenya Association of

Manufacturers together with

the Embassy of the Federal

Republic of Germany in

Nairobi and the Delegation

of German Industry, today

held a workshop that sought

to address the alarming skills

gap in the country and seek

for ways to transfer

knowledge and

technical skills into

the market.

Under the theme

“Solutions for

Productivity,

Efficiency and

Innovation in

Industry” the

workshop brought

together various

CEOs and Senior

Executives from

local businesses

to brainstorm

the immediate

strategies with

regard to skill and

technical know-how

that industry should

embark on.

Located within the Upper Hill area, along

Kiambere road off Lower Hill road, within close

proximity to Nairobi CBD and JKIA Airport. Nachu

Plaza is a well designed, ultra modern office tower

on a 17 storey block consisting of Ground Floor,

6 parking levels and 10 office floor levels.The

building offers ease of accessibility and a tranquil

17 storey office block

Ground Floor Banking Hall/

Showroom & Offices from the

7th floor to 12th Floor

Ample car parking facilities in

FEATURES INCLUDE:-

8 levels

2 No. fully serviced high speed

lifts

Full power back up

business environment.

The total lettable area is approximately 84,000

sq ft subdivided into Six units per floor. Premises

available include ground floor that is suitable for a

banking hall and upper floor offices from Seventh

floor (Minimum area 1,056 sq ft approximately)

Conference facilities on the

top floor

Open plan offices

Provision for air conditioning

These areas were

identified and

addressed through

the Manufacturing

Academy whose

main aim is to

provide technical

and/ or specialized

training services for

industry to grow its

competitive edge.

Tysons Limited

Tel: (020) 2222011 / 310649/ 310660

Mobile No: 0722 207403 & 0734 222002

Email: enquiries@tysons.co.ke

Lloyd Masika Limited

Tel: 0728 519443, 0722 418504, 0733 597050

Email: info@lloydmasika.co.ke

Developer

Nachu Plaza Limited

Tel: 0724 255 464, 0786 255 464

Email: nachu@nachu.or.ke

Unicorn Properties & Developers Limited

Tel:0717 686 364

Email: steve@unicornproperties.net

Thorn Tree Properties Limited

Tel: 0721 874 588

Email: harunithara@yahoo.com

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

9

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OVERVIEW ON KPDA ACTIVITIES

OVERVIEW ON KPDA ACTIVITIES

CEO MORNING LEARNING

SESSION HELD ON TUESDAY

17 TH MAY 2016 AT THE

INTERCONTINENTAL

NAIROBI HOTEL

THEME: ‘Lessons in

Affordable Housing

and Building

Technologies in Kenya’

Abraham Harold Maslow, an American psychologist

created the famous Maslow’s hierarchy of needs, a

theory of psychological health predicated on fulfilling

innate human needs in priority. The theory states that

people are motivated to achieve certain needs and that

when one need is fulfilled a person seeks to fulfill the

next one, and so on and so forth.

This theory, developed in 1943 continues to be used

as a teaching medium in classrooms and in working

industries to depict what motivates man. Top most to

be achieved as a priority human need is shelter, and

therefore all other non-physiological aspects may

be fulfilled but if this basic physiological need is not

fulfilled, then man will not be satisfied.

Arrival of the Cabinet Secretary Ministry of Lands.

Group Photo of the Speakers as well as some KPDA Directors and Staff Members.

As such, KPDA’s role in the provision of affordable

housing and or the access to facilities that help Kenyans

put up affordable housing cannot be trivialized. It

is with this in mind that on Tuesday, 17th May 2016,

KPDA organized for a CEO Morning Learning Session

with the theme ‘Lessons in Affordable Housing and

Building Technologies in Kenya.’

Event Sponsor Bamburi Cement Ltd CEO

and Managing Director Bruno Pescheux.

The meeting’s MC, Elizabeth Nkukuu

welcoming guests.

Jack Liu, MD of Boleyn Magic Wall Panel Ltd

makes his presentation.

Prof. Jacob Kaimenyi reiterates Government’s

commitment to the housing agenda.

Steve Kiruhi of Mabati Rolling Mills Ltd who were event sponsors

speaks to a guest.

The event which was held at the Intercontinental

Nairobi hotel was attended by one hundred and thirty

eight (138) participants and was graced by the Cabinet

Secretary for the Ministry of Land, Housing and Urban

Development, Prof. Jacob Kaimenyi who stayed

throughout the presentations.

PROUDLY SPONSORED BY

Event Sponsors, Crown Paints Kenya Ltd pose with KPDA Director Emma Achoki (far left).

The Panel L-R-Kahumbya Bashige, Patrick Bucha, Jack Liu, Peter Muraya and Mary Mathenge.

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

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KPDA PARTNERSHIPS

KPDA PARTNERSHIPS

ABOUT THE UPPER HILL DISTRICT ASSOCIATION

Upper Hill District Association (UHDA)

is an association that represents the

interests of Property/ Land Owners,

Businesses, Residents and Diplomatic

Missions based in Upperhill District.

We are driven to improve the quality

of life in Upperhill by liaising with key

authorities in the National and County

Government.

UHDA which was founded on 1st July

2001 has continued to liaise with key

authorities in the National and County

Government such as Nairobi City

County, Kenya Urban Roads Authority

(KURA), Capitol Hill Police Station,

Nairobi Water and Sewerage Company

and other relevant authorities.

OUR VISION AND MANDATE

Our vision is to see Upper hill District

become the financial hub of East and

Central Africa. The voice of Upperhill

District Respectively.

MEMBERSHIP

To strengthen our lobbying voice, we

need more members. Together with

your support you are able to:

• Play a part in initiating change for

the better in Upperhill District.

• Have pressing matters affecting

you handled collectively as an

Association.

• Receive current and regular

communication on recent

developments in Upperhill through

our mailing list and the UHDA

Newsletter.

• Have your company promoted

through our publications.

ABOUT UPPER HILL

The once small district that boasted

to be a residential area for senior civil

servants especially from Kenya Railways

has transformed over the years to

become one of the most sought after

areas to set up a thriving business.

Welcome to Upperhill, the home of

lucrative businesses with changing

skylines thanks to the exquisite

skycrappers that have popped up over

the years.

We boast to have key government

parastatals and courts, Kenya’s public

referral hospital, biggest private

hospital, medical and dental centres,

diplomatic missions and lavish hotels.

The Upperhill District Association

2nd Floor, Royal Ngao House, Upperhill

P. O. Box 38922 - 00100

NAIROBI, KENYA.

Tel: +254 739 584 765

Email: upperhill@uhda.or.ke

Website: www.uhda.or.ke

ABOUT THE KENYA GREEN BUILDING SOCIETY

The Kenya Green Building Society (KGBS) is an independent,

non-profit membership based society registered with the

World Green Building Council as its Kenya Chapter. KGBS is

mandated to certify the built environment, advocate for green

buildings and train green building professionals.

KGBS is the leading Green Building movement in the Kenyan

market that ensure buildings are designed and built sustainably.

Currently, KGBS using Green star SA rating tool.

We are a dedicated team of professionals working in

collaboration with industry experts, leaders, government

departments to develop modern day building best practices

crafted to suit the Kenyan dynamic property industry.

VISION

The Kenya Green Building Society seeks to lead the

transformation in the construction industry towards

environmentally sustainable buildings, promoting healthy and

efficient environments.

MISSION

• To Promote and improve the awareness of green building

design practices, programs, technologies and operations.

• To enable the objective measurement and recognition of

green building practices by developing and operating a

green building rating system.

• To foster a closer association between people in the building

industry and other sectors involved in construction.

• To campaign for the wider recognition of environmentally

responsible buildings and lead a market transformation of

the building industry.

• To campaign, solicit or otherwise obtain funds to be

applied towards the above objective

WHAT WE DO

We foster and support new and emerging Green Building

Councils by providing them with the tools and strategies to

establish strong organisations and leadership positions in

their countries. Since our establishment in 2002, we have been

working closely with councils to promote local green building

actions and address global issues such as climate change.

By driving collaboration and increasing the profile of the green

building market, the World GBC works with its member councils

to ensure that green buildings are a part of any comprehensive

strategy to deliver carbon emission reductions.

The Kenya Green Building Society

Kiambu Road, Milestone Business Centre, Ridgeways

P. O. Box 5997 – 00200 NAIROBI KENYA.

Tel: +254 710 869 547

Email: admin@kenyagreenbuildingsociety.co.ke

Website: www.kenyagreenbuildingsociety.co.ke

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

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14


NCC BUILDING PERMITTING APPROVALS

NCC BUILDING PERMITTING APPROVALS

NAIROBI CITY COUNTY GOVERNMENT BUILDING

PERMITTING APPROVALS ACTIVITY REPORT

JANUARY – MARCH 2016

PERMIT APPLICATION ACTIVITY BY LOCALITY

The highest permits were approved in Karen, Industrial Area,

Runda and Westlands.

1. Karen has the highest percentage of permits locality

wise. This would be as a result of the ongoing

construction of the Southern By-Pass connecting the

Nairobi - Naivasha Highway to Mombasa Road. The

bypass has also enabled easy and fast commuting to

the Jomo Kenyatta International Airport and Wilson

Airport. The neighbourhood has an organized road

network, with properly connected entry and exit routes

that lead to and from Nairobi’s central business district.

This provides for closer proximity to Nairobi’s central

business district which most Kenyans find convenient.

The high number of permits approved in the Karen

area is also likely due to the high capital returns

in rental and ownership income to be received by

developers as the area is considered high-end.

2. The central business district, Embakasi and Riruta

areas have the least percentage of permits approved

amongst the top 10 areas of development approved

as shown in the graph above. This could be as a

result of the central business district having limited

access to areas for expansion. The Embakasi area

is challenged by a lack of an easy and affordable

transport route for Kenyans who mostly work in the

central business district and is therefore prone to heavy

traffic congestion. This has led to few investors being

attracted to this area.

NB: Localities that do not appear in the graph had less than 2%

presentation.

PERMIT APPLICATION ACTIVITY BY LOCALITY

The Kenyan Parliament Building, Parliament Road in Nairobi, Kenya

SOURCE

The 2016 Quarter 1 KPDA NCCG

Building Permitting Approvals

Activity Report provides a summary

of statistical information on planning

permitting activity in Nairobi for the

period January to March 2016. Only

statistics received from the Nairobi

City County Government, Urban

Planning Department have been used

as references. This report uses building

permitting approval requests submitted

to the Nairobi City County Government

which are then analysed and approved

by a specialist committee appointed by

the Urban Planning Department of the

Nairobi City County Government.

The report contains information on

applications that have been approved

by the specialist committee highlighting

development locations, types, values,

application revenues and process

performances.

STATISTICS

A total of 424 planning permit

applications were approved during this

period. Other key statistics from this

report include:

1. Value of approved permits

represents over Kshs. 14.2 billion

worth of development projects and

permitting fees collected were over

Kshs. 151.4 Million;

2. The highest value of buildings

submitted for approval was Kshs. 2,

000, 000, 000 (Kshs. 2billion) by the

Kenya Goodland Investment Ltd and

the maximum submission fee paid

was Kshs. 9, 129, 684.

3. On average the estimated value of

building development approved

was Kshs. 33, 864, 692 and that of the

submission fee was Kshs. 359, 588.

4. The location of buildings with the

highest percentage of permits/

approvals were from the below

locations:

• 13.2% in Karen

• 5.7% in Industrial Area

• 2.8% in Kitisuru

5. Based on the Kenyan Building Code

of 1997, this report depicts permits

that were issued in the following

percentages in accordance to the

named classifications below:

• 81.4% (346) - Domestic

Class (domestic buildings,

commercial developments

and offices)

• 8.0% (34) - Public Class

(religious buildings, social

halls, libraries, schools, etc.)

• 9.9% (42) - Warehouse Class

(factories, industries and go

downs)

It can be noted that the Domestic

Classification has the highest level of

approvals issued due to the ever increasing

need for housing by Kenyans as well as the

growing need for company offices.

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

15

16


NCC BUILDING PERMITTING APPROVALS

NCC BUILDING PERMITTING APPROVALS

DWELLING RELATED ACTIVITY ACROSS NAIROBI

NUMBER OF APPROVALS BY ZONAL USER DENSITY

Buildings approved included

domestic buildings, commercial

developments, offices, religious

buildings, social halls, libraries,

schools, factories, industries

and go downs. The below graph

identifies permit approvals that

relate to various building classes.

1. It can be noted that 81.9%

of the approvals for building

permits were issued to the

Domestic Class of buildings.

This class contains domestic

buildings, commercial

developments and offices.

This can be majorly attributed to the numerous number

of emerging businesses who include foreign investors and

SMEs, thus increasing the demand for office space.

2. Another major contributing factor is rapid urban population

growth. According to the Kenya National Bureau of Statistics

2012 - 2013 Kenya National Housing Survey Basic Report,

urban population is projected to grow by 50% by 2030. This

has therefore caused an exponential demand for residential

houses therefore making residential developments more

attractive for investors to get into.

1. The Residential Class accounted

for 68.3% of the approvals due to

high demand by Kenyans to own

homes and an increase in the

middle aged working population

who consider owning a home

more crucial than renting one.

Residential developments are

more profitable and developers

invest more in residential houses.

An Influx in foreign residents

in Kenya has also increased the

demand for residential houses

(especially furnished apartments)

mostly in the high end areas.

2. Commercial Class buildings

accounted for 9.5% of the

approvals. According to Lamudi

Kenya 2015 Real Estate Market

Report (www.lamudi.co.ke), the

rise in the number of commercial

banks and supermarkets opening

up branches in Nairobi has

contributed to the demand for

commercial developments.

BUILDING CLASS BY LOCALITY

THE VALUE TREND OF DEVELOPMENTs PERMITTED BY THE NAIROBI CITY COUNTY GOVERNMENT

1. The graph indicates Karen

being the area with the

highest number of Domestic

Class approvals. Karen is

dominated by residential

homes.

2. Industrial area topped in

approvals related to the

Warehouse Class mainly

because the area has a high

number of industries as well

as warehouses set up.

3. The Public Class of approvals

are highest in the Westlands

area as currently there

is still land available for

developments.

40.5% of the buildings presented

for approvals were valued

between Kshs, 10 million

and Kshs. 50 million. Most of

these buildings are residential

rather than single dwelling or

commercial developments.

17

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

18


NCC BUILDING PERMITTING APPROVALS

NCC BUILDING PERMITTING APPROVALS

ESTIMATED COST OF APPROVALS ISSUED BY THE NAIROBI CITY COUNTY GOVERNMENT

GRAPH DEPICTING APPROXIMATE APPROVAL TIME TAKEN BY

THE NAIROBI CITY COUNTY GOVERNMENT TO CARRY OUT BUILDING PERMITTING

PERMIT PROCESSING PERFORMANCE

The months of February

and March had the

highest number of permit

approvals approximated

at a total cost of Kshs. 18,

000, 000.

1. On average the number of

days taken gradually decreases

between the months of January

to March 2016. If this is put

into practice for the rest of

the quarters, the construction

industry will continue to be a

key player to Kenya’s economic

growth by encouraging investor

activity.

2. Most of the permits took more

than one month to be approved.

This accounted for 65.3% of the

total approvals. This approval

time frame should be improved.

Some of the factors leading to

this lengthy approval time could

surround the following factors:

• Failure by developers to meet

minimum approval requirement

• Corruption

• Inadequate support from

professionals throughout the

entire process of seeking for

approval and or

NCCG BUILDING PERMITTING APPROVALS REPORT FOR THE PERIOD JANUARY • Inefficient – MARCH processes 2016 at the

Ministry of Lands

January recorded the highest

number of approvals in the first

quarter. This was due to the high

demand for residential property.

According to the Hass Consult

House Price Index 2016 Quarter

1 Report (www.hassconsult.

co.ke), asking prices for housing

increased by 4.2% in the first

quarters of 2016.

In the last quarter of 2015, Kenya

experienced high interest rates

leading to a decrease in the

number of developments. In the

first quarter of 2016, inflation

came down by 6.5% stabilizing

the Kenyan shilling and therefore

increasing investors’ appetite for

the property market. (Cytonn

Investment Ltd, 2016)

Kenya Property Developers Association... Development brings Development!

COMPARATIVE ANALYSIS BETWEEN THE THE MONTHS OF JANUARY TO MARCH 2016

MONTH

JANUARY FEBRUARY MARCH

Submission Fee

Kshs. 62, 689, 376 Kshs. 50, 510, 327 Kshs. 38, 224, 709

Estimated Value

Kshs.5, 180, 693, 000 Kshs. 5, 847, 974, 500 Kshs. 3, 194, 503, 000

Building Domestic 127 111 108

Class Public 15 8 11

Approvals Warehouse 19 10 13

Domestic

Domestic buildings

buildings

continue

continue

to have

to have

the highest

the highest

number

number

of approvals

of approvals

which has been

which

the

has

trend

been

since

the

April

trend

2014.

since

This is

April

as a result

2014.

of the

This

earlier

is as

stated

a result

factors.

of the earlier stated factors.

FOR MORE INFORMATION, KINDLY CONTACT THE KPDA SECRETARIAT

FOR MORE INFORMATION, KINDLY CONTACT THE KPDA SECRETARIAT

Kenya Property Developers Association

Kenya

Fatima

Property

Flats,

Developers

Suite B4

Association

Fatima

Marcus

Flats,

Garvey

Suite B4,

Road

Marcus Garvey Road

Telephone: +254 737 530290/0705 277787

Off Argwings Kodhek, Kilimani Area

Email: research@kpda.or.ke or admin@kpda.or.ke

Off Argwings Kodhek, Kilimani Area

P. O. Box 76154 – 00508 Nairobi, Kenya

Website: www.kpda.or.ke

P. O. Box 76154 – 00508 Nairobi, Kenya

Telephone: +254 737 530290/0705 277787

Email: research@kpda.or.ke or admin@kpda.or.ke

Website: www.kpda.or.ke

Kenya Property Developers Association... Development brings Development!

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NCC BUILDING PERMITTING APPROVALS

REFERENCES

Cytonn Investment Management Ltd

3rd Floor, Liaison House, State House Avenue

6th Floor, The Chancery, Valley Road

P. O. Box 20695 – 00200

NAIROBI, KENYA

Tel: +254 709 101 000/020 3929000

Email: info@cytonn.com

Website: www.cytonn.com

Lamudi Kenya 2015 Real Estate Market Report

LAMUDI

Kaka House, Maua Close, Westlands

P. O. Box 53528 – 00200 NAIROBI.

Tel: +254 712 302 386/721 606 029

Website: www.lamudi.co.ke

Hass Consult House Price Index 2016 Quarter 1 Report

Hass Consult

1st Floor, ABC Place Waiyaki Way, Westlands

P. O. Box 14090 - 00800 NAIROBI, KENYA

Tel: +254 20 4446914/0722 204 765/0733 629 786

Website: www.hassconsult.co.ke

Kenya National Bureau of Statistics 2012 - 2013 Kenya

National Housing Survey Basic Report

Kenya National Bureau of Statistics

Herufi House, Tumbo Lane

P. O. Box 30266 – 00100 GPO NAIROBI, KENYA

Tel: +254 20 3317583/612/623/622/588/586/651

Website: www.knbs.or.ke

While every reasonable effort is made to ensure that the information provided in this report is accurate no guarantee

for the currency or accuracy of information is made. The permitting data was provided to the KPDA by the Nairobi City

County Physical Planning Department.

DID YOU KNOW?

KENYA PROPERTY DEVELOPERS ASSOCIATION

WHAT ARE SOME OF THE BENEFITS OF BECOMING A KPDA MEMBER?

1. Advocacy that champions the interests of the industry to both the public sector and the wider

private sector to ensure a better business environment for the property industry;

2. Information on the latest issues affecting the industry, via regular publications, newsletters,

media reports and research;

3. Networking events, putting members in touch with industry leaders and potential clients;

4. Professional development courses which reflect the changing nature of the property industry;

5. Marketing opportunities for member companies with discounts offered to various advertising

platforms;

6. Discounted rate at both KPDA events and events organized by international and regional

organizations in the building and construction industry;

7. Access to emerging markets and exposure to joint venture opportunities.

2016 KPDA CALENDAR

OF EVENTS

Celebrating 10 years in the Industry….

DATE LOCATION EVENT DETAILS

Tuesday, 12 th January

2016

Tuesday, 19 th January

2016

Thursday, 18 th February

2016

Monday, 14 th – 21 st March

2016

Qaribu Inn Hotel KPDA Extraordinary General Meeting (6.00pm –

7.00pm)

Intercontinental Nairobi CEO Breakfast Forum (7.00am – 9.30am)

Hotel

Theme: 'Investment Opportunities for the Real Estate

Intercontinental Nairobi

Hotel

Melbourne & Sydney,

Australia

Sector within Konza Techno City'

CEO Breakfast Forum (7.00am – 9.30am)

Theme: 'Construction Regulations and Compliance

in Kenya'

Re-Max Heritage Australia 2016 Expo, Melbourne. World

Diaspora Property & Investment Conference - Australia

Friday, 1 st April 2016 Goan Gymkhana Nairobi KPDA Annual General Meeting (4.00pm – 5.30pm)

KPDA Koroga (5.30pm onwards)

Wednesday, 6 th – 7 th Radisson Blue Hotel East African Property Investment Summit 2016

April 2016

Tuesday, 17 th May 2016 Intercontinental Nairobi CEO Breakfast Forum (7.00am – 9.30am)

Theme: ‘Affordable Housing and Building

Technology’

Monday, 23 rd – 24 th May Villa Rosa Kempinsky Hotel East Africa GRI Conference 2016

2016

Tuesday, 21 st June 2016 To be Confirmed Green Buildings Workshop by the Delegation of German

Industry and Commerce in Kenya

Tuesday, 28 th June 2016 Sarova Panafric Hotel KPDA Half Day Technical Workshop (7.00am – 1.00pm)

Theme: ‘Capital Funding and Structuring’

Thursday, 14 th July 2016 Sarova Panafric Hotel KPDA Half Day Technical Workshop (7.00am – 1.00pm)

Theme: ‘Capital Funding and Structuring’

Thursday, 26 th July Intercontinental Nairobi KPDA Lunch and Learn (12.00noon – 2.30pm)

2016

Hotel

Friday, 9 th September

2016

Goan Gymkhana Club KPDA Corporate Networking Koroga Event (6.30pm

onwards)

Friday 23 rd September –

Monday 3 rd October 2016

Tuesday, 27 th

September 2016

Tuesday, 4 th – 5 th October

2016

Thursday, 27 th October

2016

Ottawa, Ontario, Canada

Intercontinental Nairobi

Hotel

Safari Park Hotel

Intercontinental Nairobi

Hotel

The RE/MAX Heritage World Diaspora Property and

Investment Conference and Expo

KPDA Leads and Needs Meeting (12.00pm – 2.30pm)

African Construction and Totally Concrete East Africa and

Housing for East Africa Conference and Exhibition

KPDA Gala Dinner (6.00pm onwards)

21

Kenya Property Developers Association... Development brings Development!

Kenya Property Developers Association... Development brings Development!

22


KENYA PROPERTY DEVELOPERS ASSOCIATION – 2 DAY WORKSHOP, TUESDAY 28 TH JUNE AND THURSDAY 14 TH JULY

2016

DATES: Tuesday, 28 th June and Thursday 14 th July 2016

VENUE: Sarova Panafric Hotel, Nairobi

TIME: 7.00am – 1.00pm

DAY 1 Target Group: High level decision makers

DAY 2 Target Group: Junior and middle level staff

23

THEME: ‘CAPITAL FUNDING AND STRUCTURING’

OVERVIEW:

Decisions relating to financing the assets of a firm are very crucial in every business and the finance manager is

often caught in the dilemma of what the optimum proportion of debt and equity should be. As a general rule

there should be a proper mix of debt and equity capital in financing the firm’s assets. Capital structure is usually

designed to serve the interest of the equity shareholders.

KPDA has organized for a 2 day technical workshop for real estate developers, financiers and advisors to better

understand how to structure a real estate investment transaction, optimize capital structures, and source foreign

and local capital. The workshop includes sessions on sourcing financing, a technical training on developing an

effective financial model and structuring local and offshore entities. The workshop targets a mix of high-level

decision makers for the first day and junior and mid-level staff for the technical training to be held on the second

day.

The workshop will comprise of speakers and panelists from some of the following organizations:

HF Group Ltd

Fusion Capital

Actis

BRITAM

Kzanaka Ltd and

Shelter Afrique

CHARGES:

- KPDA Members: Kshs. 4 500 per member company representative per day. Offer of Kshs. 8, 500 for two

people booked for both days

- Non-KPDA Members: Kshs. 6, 500 per company representative per day. Offer of Kshs. 10, 500 for two

people booked for both days

Kindly RSVP (with payment) by latest Wednesday, 22 nd June 2016 with the KPDA secretariat on telephone 0737-

530290 or 0705-277787 or by email to admin@kpda.or.ke and a copy to e.kayaki@kpda.or.ke.

NB:

- Please note that registration fees once paid are non-refundable and cannot be transferred to cater for the cost of

attending future events.

- Participants who attend this event without an RSVP will be surcharged at the door

- Non Members will not be allowed to participate in this event without prior payment

Kenya Property Developers Association... Development brings Development!

The Kenya Property Developers Association was established in Nairobi in 2006 as the representative body of

the residential, commercial and industrial property development sector in Kenya. It is an emerging Business

Member Organisation which works in proactive partnership with policy-makers, financiers and citizens to

ensure that the property development industry grows rapidly but in an organized, efficient, economical and

ethical manner.

WHY JOIN THE KPDA FAMILY?

The benefits of joining KPDA to you as a company include:

Become a part of an influential body representing major industry players and help set our wide-ranging

and diverse agenda.

Join the conversation on policy reforms through our unique engagement with influential government

players that contribute to the overall success of your business.

Access to information on the latest issues affecting the industry, via regular publications, newsletters,

media reports and research;

Participate in networking events, putting you in touch with industry investors and potential clients;

Attend professional development courses which reflect the changing nature of the property and indeed

building and construction industry as a whole;

Access marketing opportunities that will increase your business profits as you meet potential clients and

partners during KPDA events

While KPDA membership is open only to registered companies or organizations, the benefits of membership

extend to all staff in our member companies or organizations.

CATEGORIES OF MEMBERSHIP

1. Premium Membership (Open to Developers and Non Developers)

2. Corporate Membership (Open to Developers Only)

3. Associate Membership (Open to Developers and Non Developers)

MEMBERSHIP ADMISSION REQUIREMENTS

The annual subscription and the entrance fees payable by each category of member shall be as follows:

CATEGORY ENTRANCE FEES ANNUAL SUBSCRIPTION TOTAL

Premium Member Kshs. 25, 000 Kshs. 60, 000 Kshs. 85, 000

Corporate Member Kshs. 12, 000 Kshs. 25, 000 Kshs. 37, 000

Associate Member Kshs. 12, 000 Kshs. 25, 000 Kshs. 37, 000

In order to join KPDA, the following should be submitted to the KPDA Secretariat either physically or

electronically:

1) Fill the KPDA membership application form

2) Sign the KPDA Code of Conduct

3) Attach a copy of your company's certificate of registration or incorporation and

4) Make the relevant payment

Kindly contact the Membership Relations Officer, Liz Kayaki through the telephone number 0737 530 290

or 0705 277 787 or by email e.kayaki@kpda.or.ke.

Kenya Property Developers Association

Fatima Flats, Suite 4 B

Marcus Garvey Road off Argwings Kodhek Road, Kilimani Area

P. O. Box 76154 - 00508

NAIROBI, KENYA

Telephone: +254 737 530 290/0705 277 787

Email: admin@kpda.or.ke or e.kayaki@kpda.o.ke

Website: www.kpda.or.ke

Welcome to the KPDA Family!

Kenya Property Developers Association... Development brings Development!

24


KENYA PROPERTY DEVELOPERS ASSOCIATION

The Developer’s

Digest

A KPDA PUBLICATION

MEDIA PACK 2016

The Developer’s Digest is a bi-monthly

e-newsletter supported and published

by the Kenya Property Developers

Association and designed by Insync

MEDIA Limited. It targets the various

players in the property industry in

Kenya and highlights a wide spectre

of issues affecting our members, other

professionals, manufacturers and both

private and public sector players in the

industry. We seek to encourage positive

dialogue and development.

The Developer’s Digest is filled with

current industry news, updates on the

Association’s ongoing activities, views,

interesting facts and specialty advertising

messages.

It is a free downloadable Mobile App

onto any mobile device.

We at The Developer’s Digest will work

with you to create the most effective

multi-platform advertising strategy that

will ensure you reach your targeted

consumer every direction they look. After

all, the distance between you and your

consumer, is no longer a straight line.

If you take up advertising with The

Developer’s Digest, we are also willing to

offer you an opportunity for you to have

interactive banner advertisements on our

website.

Kindly contact the Secretariat on 0737

530290 or 0705 277787 or by email

admin@kpda.or.ke.

ADVERTISING RATES

Quarter (1/4) page: Kshs. 15, 000

Third (1/3) page: Kshs. 20, 000

Half (1/2) page: Kshs. 30, 000

Full page: Kshs. 60, 000

DIGITAL INPUT/MECHANICAL

REQUIREMENTS — BANNERS

300dpi resolution; colour calibration RGB;

not larger than 20 MB; jpg format OR pdf

PRESS QUALITY format with outlined text.

NOTE: PDF/X 1-A or Adobe® Acrobat® distilled

PDFs. PDFs exported from Photoshop are

discouraged and can lead to less than

desirable results.

WHY ADVERTISE THROUGH THE

DEVELOPER’S DIGEST?

We have a readership of over 1, 300

people who are drawn from our

membership, partners as well as industry

affiliates both locally and regionally.

We offer a unique, flexible, converged

media mix that helps advertisers

communicate their message effectively.

This includes our website, e-newsletter,

social media platforms and focused

events (such as our training and

networking forums as well as our social

interactive sessions).

We keep track of our readership and are

sensitive to emerging issues in the industry.

It is a free and interactive online

publication.

DIGITAL INPUT/MECHANICAL REQUIREMENTS — ADVERTS

SIZE WIDTH DEPTH

1/4 page (horizontal) 184.5mm 65mm

1/4 page (vertical) 90mm 125.5mm

1/3 page (horizontal) 210mm 90mm

1/3 page (vertical) 68mm 270mm

1/2 page (horizontal) 210mm 139mm

1/2 page (vertical) 105mm 265mm

Full page (theme colour) 210mm 247mm

Full page 210mm 297mm

ADVERTS SUBMISSION:

The adverts should be submitted as Adobe PDF files with the above

specific measurements for the desired advert and NOT a flat image PDF

exported from Photoshop.

ONLINE ADVERTISING TERMS & CONDITIONS:

Payment is due within 15 days from when an invoice is issued. Banner ads may be pulled if account

balances are not paid by the due date. As space is limited, banner ads are sold on a first come, first

served basis. All advertising is accepted subject to the publisher’s approval upon determination

that the products or service advertised are in keeping with The Developer’s Digest’s philosophy.

Kenya Property Developers Association... Development brings Development!

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