Kenya

Kenya is dominating East African property developments because of its stability and investment opportunities, Africa Property News.com has learned.

Kenya's central bank left its Central Bank Rate (CBR) steady at 11.50 percent, saying the current pressures on inflation were only temporary and its policy stance was enough to contain any upward pressure on prices from demand.

On Oct. 16, 2015, Standard & Poor's Ratings Services revised to negative from stable its outlook on the long-term foreign and local currency sovereign credit ratings on the Republic of Kenya. We affirmed the ratings at 'B+/B'.

Allianz has taken a further step in its growth strategy in Africa and will start operations in Kenya.