Kenya: Why Upper Hill’s Next Growth Phase Is Residential

Nairobi — Upper Hill in Nairobi has long been a business haven away from the congestion of the central business district. Banks set up their headquarters there, large multinational firms built their regional centres, and many other businesses moved in. Towers went up. The district became Nairobi’s second commercial core, just four kilometres from the first.

The land market still carries that history. HassConsult’s Land Price Index puts an acre in Upper Hill at KES 568 million, the most expensive…