Wednesday, September 16, 2026
  • Submit
  • About
  • Advertise
  • Careers
  • Contact
Kenyan News
  • Home
  • Politics
  • Business
    • Entrepreneurship
    • Finance
    • Markets
    • Petroleum
    • Agriculture
    • The Biashara Club
    • Wezesha Fund
  • Tech
  • Tourism
    • Travel
  • Counties
    • Nairobi Metro
    • Coast
    • Mountain
    • Lake Region
    • Rift Valley
    • Northern
  • Lifestyle
    • Personal Finance
    • Youth
    • Real Estate
    • Arts and Culture
    • Environment & Climate
    • Relationships
    • Family
    • News
    • Opinion
    • Health
    • Sports
  • Login
  • Register
No Result
View All Result
Kenyan News
Home Business

Building and Construction Become Key Drivers of Nairobi’s Economy

254 by 254
January 7, 2025
in Business, Strategy
407 8
0
Building And Construction Become Key Drivers Of Nairobi's Economy
195
SHARES
2.4k
VIEWS
Share on WhatsappShare on TelegramShare on FacebookShare on TwitterShare on Email

Building and construction have emerged as pivotal contributors to Nairobi’s economy, overtaking traditional revenue sources like parking fees, according to the latest report by the Controller of Budget.

Key Findings from the Report

The report for the first quarter of the 2024/25 financial year highlights that building permits and inspections accounted for 22% of Nairobi County’s internally generated revenue.

Related posts

Nairobi CBD office towers, home to firms affected by Kenya's 2026 company dissolutions

176 Kenyan Companies Dissolved: Inside 2026’s Closure Wave

September 15, 2026
Rolling green tea plantation representing Kenya tea bonus debt crisis story

KTDA Tea Bonus Debt Crisis: Kenya’s Sh26bn Audit Explained

September 11, 2026
  • Revenue from Building Permits:
    The county collected Sh484 million from building permits and inspections during the three months ending September 2024, making it the highest revenue source.
  • Parking Fees:
    Parking fees, traditionally the leading revenue stream, came in second, generating Sh434 million, or 20% of total revenue.
  • Overall Revenue Performance:
    Nairobi County generated Sh2.26 billion in total revenue for the first quarter, a 31% increase compared to Sh1.72 billion during the same period in 2023.

The surge in revenue from building permits, an 86% increase from Sh260.5 million in 2023, is attributed to the national government’s push for affordable housing and investments by Chinese developers in areas such as Kilimani and Hurlingham.

Other Revenue Streams

  • Unified Business Permits: Sh275.81 million
  • Hospital and Health Facility Fees: Sh382 million

The Sakaja administration has surpassed revenue collection targets, raising hopes of achieving the Sh20 billion annual revenue mark for 2024/25.

Challenges in Pending Bills

Despite the strong revenue performance, the county continues to grapple with significant pending bills:

  • As of June 30, 2024, unpaid bills totaled Sh121.78 billion, comprising:
    • Recurrent Expenditures: Sh115.95 billion
    • Development Expenditures: Sh5.31 billion
  • By September 30, 2024, the outstanding balance stood at Sh121.57 billion, despite partial settlements during the reporting period.

Concerns Over Building Permit Issuance

City residents, MCAs, and activists have raised concerns about the lack of transparency in building permit issuance and oversight of construction projects. These concerns stem from poorly planned skyscrapers and incidents of building collapses.

  • Investigations and Allegations:
    • The Urban Planning Technical Committee was accused of irregularities in granting approvals.
    • The County Assembly Sub-Committee on Planning, chaired by nominated MCA Nasra Nanda, revealed that permits were issued without proper oversight.
    • On March 8, 2024, 154 building plans were reviewed, with 131 approved during a meeting led by Governor Johnson Sakaja. The approvals were later deemed illegal as they bypassed the CEC responsible for urban planning.

Call for Reforms

MCAs and activists are demanding reforms in the construction permit process to ensure better oversight and prevent future irregularities. Improved urban planning and adherence to safety standards remain crucial for sustainable development in Nairobi.

Tags: 2024/25 financial yearBuilding and constructionChinese developersCounty Assembly Sub-CommitteeGovernor Johnson Sakajaleading revenue streamMCA Nasra NandaNairobi’s economyparking feesUrban Planning Technical Committee
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.

Related Posts

Nairobi CBD office towers, home to firms affected by Kenya's 2026 company dissolutions
Business

176 Kenyan Companies Dissolved: Inside 2026’s Closure Wave

September 15, 2026
Rolling green tea plantation representing Kenya tea bonus debt crisis story
Agriculture

KTDA Tea Bonus Debt Crisis: Kenya’s Sh26bn Audit Explained

September 11, 2026
Nairobi CBD skyline representing the citys financial district during the NSE stock market rally
Business

NSE Record High 2026: Why Kenya’s Stock Market Is Booming

September 10, 2026
Western Kenya Cane Farmers Welcome Government's Renewed Sugar Import Ban
Agriculture

Western Kenya Cane Farmers Welcome Government’s Renewed Sugar Import Ban

August 10, 2026
A street view of a Nairobi business district
Business

Stanbic Bank Kenya Names Ex-Safaricom Executive Michael Mutiga as CEO

August 9, 2026
The exterior of a small Kenyan duka (shop) with Safaricom and other advertising signage
Business

Safaricom Cuts M-Pesa Transaction Fees for Small Businesses

August 5, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Magical Kenya Magical Kenya Magical Kenya
Magical Kenya Magical Kenya Magical Kenya

POPULAR NEWS

  • 1

    Coast Schools Shine in KCSE Results

    251 shares
    Share 100 Tweet 63
  • Nairobi Chapel Pastor Leads Biker Tour Across Africa to Raise Sh50 Million

    225 shares
    Share 90 Tweet 56
  • KDF to Introduce Subsidised Pay-As-You-Eat Lunch System

    218 shares
    Share 87 Tweet 55
  • Mother and Three Children Dead in Suspected Murder-Suicide

    212 shares
    Share 85 Tweet 53
  • KCSE 2024 Results Out Today

    210 shares
    Share 84 Tweet 53
Kenyan News

Kenyan News is more than just a news platform, it’s a vibrant community dedicated to showcasing the diverse voices and stories that shape our nation.

Founded with a mission to inform, inspire, and empower, Kenyan News strives to be the go-to destination for insightful, engaging, and impactful content.

Submit Your Story

Follow us on social media:

Recent News

  • Mpox in Kenya: High-Risk Counties, Symptoms, Vaccines
  • Kenya’s 2026 Startup Ranking: Why It Fell as Mombasa Rose
  • Affordable Housing Kenya: Prices Rise Oct 1, Apply by Sept 29
  • Embu Rally Violence: What Happened and Who’s Blamed
  • 176 Kenyan Companies Dissolved: Inside 2026’s Closure Wave
  • Nairobi Wins 2029 World Athletics Championships Bid
  • Martin Kimani: Kenya’s New UN Assistant Secretary-General
  • Ruto’s Sh700bn Nyanza Tour: Every Project, County by County

Category

  • Africa
  • Agriculture
  • Arts and Culture
  • Asia
  • Athletics
  • Australia
  • Boxing
  • Business
  • Coast
  • Counties
  • Crime & Justice
  • Education
  • Entertainment
  • Entrepreneurship
  • Environment & Climate
  • Europe
  • Family
  • Fashion
  • Finance
  • Food
  • Football
  • Health
  • Lake Region
  • Lifestyle
  • Markets
  • Mashinani
  • Mountain
  • Music
  • Nairobi Metro
  • National
  • North America
  • Northern
  • Opinion
  • Personal Finance
  • Petroleum
  • Politics
  • Real Estate
  • Relationships
  • Rift Valley
  • Rugby
  • South America
  • Sports
  • Strategy
  • Technology
  • The Biashara Club
  • The Global NGO Stakeholders Summit
  • Tourism
  • Travel
  • Uncategorized
  • Western
  • Wezesha Fund
  • World
  • Youth

Recent News

Laboratory technician testing samples in Kisumu, one of Kenya's two mpox testing sites

Mpox in Kenya: High-Risk Counties, Symptoms, Vaccines

September 16, 2026
Nairobi city skyline representing Kenya startup ecosystem ranking in 2026

Kenya’s 2026 Startup Ranking: Why It Fell as Mombasa Rose

September 16, 2026
Nairobi skyline representing Kenya affordable housing programme price changes

Affordable Housing Kenya: Prices Rise Oct 1, Apply by Sept 29

September 16, 2026
Uniformed Kenya Police Service officers on duty, representing the force investigating the Embu rally violence

Embu Rally Violence: What Happened and Who’s Blamed

September 16, 2026
  • Submit
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Kenyan News : Inform, Inspire, and Empower by 254.ke.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Politics
  • Business
    • Entrepreneurship
    • Finance
    • Markets
    • Petroleum
    • Agriculture
    • The Biashara Club
    • Wezesha Fund
  • Tech
  • Tourism
    • Travel
  • Counties
    • Nairobi Metro
    • Coast
    • Mountain
    • Lake Region
    • Rift Valley
    • Northern
  • Lifestyle
    • Personal Finance
    • Youth
    • Real Estate
    • Arts and Culture
    • Environment & Climate
    • Relationships
    • Family
    • News
    • Opinion
    • Health
    • Sports

© 2024 Kenyan News : Inform, Inspire, and Empower by 254.ke.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
  • Contact Us

    Contact Form

    I agree to the terms and conditions.

    *

  • Google Play