ChangeAgent Property

In many countries around the world proving ownership of land through title is a complicated business that lends itself to corruption but in Kenya, a team has been assembled to use blockchain technology to put an end to land grabbing. Kenya Plans to Legitimize Land Ownership with Blockchain Sometimes referred to as the ‘Silicon Savannah’ Kenya is considered to be a technological giant on the continent of Africa. Still, something that should be as straightforward as processing a land ownership title can be fraught with problems due to corruption throughout the bureaucracy.

Realtor Knight Frank projects that Kenya will attract more foreign real estate investors seeking growth opportunities in the fast-growing African cities due to its investment hub status. Knight Frank’s Africa Hotspots bulletin states that these investors will increase their investments in Nairobi’s real estate market up to 2019, mainly banking on the projected rise in population and high spending patterns by a rising middle class. According to the bulletin, Africa’s growth potential has led to a notable increase in activity involving foreign investors from the Middle East and Asia. Knight Frank’s head of Africa, Peter Welborn said, “We have seen rising interest in Africa from an increasingly diverse range of international investors, developers and occupiers in recent years. Meanwhile, an increasingly significant flow of capital has emerged from South Africa into other African markets.”