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Kenya’s Wealthy Are Cashing Out of Mansions, Doubling Down on Markets - Nairobi Wire

Summary by Nairobi Wire
Kenya’s richest citizens are ripping up the old playbook. After years of parking fortunes in luxury homes and offshore bolt‑holes, they’re now liquidating bricks for bonds, data centres, and agritech. The sprawling villas of Karen and the off‑plan apartments that once soaked up millions of shillings are being sold, refinanced, or quietly rented out. In their place, the country’s high‑net‑worth individuals are amassing cash, buying government pap…
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Nairobi Wire broke the news in Nairobi, Kenya on Wednesday, May 14, 2025.
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