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Browsing: Office rent prices in Nairobi
- Tanzania has embarked on a plan to set up a 22-storey building in Kenya’s capital, Nairobi, to house its embassy staff.
- Tanzania Towers in Nairobi is part of a grand plan to set up embassy buildings in Kigali, Kinshasa, London, New York, and Lusaka cities.
- Once complete, Tanzania projects to earn about $13.75 million (TZS36 billion) per year from real estate investments in foreign capitals.
Stung by rising costs of paying rent in foreign capitals for hundreds of chancery staff and the pressing need to shore up foreign currency receipts, authorities in Tanzania have embarked on a plan to set up a 22-storey building in Kenya’s capital, Nairobi.
The new building, which is set to add more floor space in Nairobi’s business zone, Upperhill area, is an investment by NSSF as well as Tanzania’s Ministry of Foreign Affairs.
The Tanzania Towers, containing residences and offices, and adding beauty to the …