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Kenyan developers eye counties for malls construction

Kenyan developers are now focusing on the markets in the county regions to construct shopping malls; this is according to analysts and realtors.

The analysts argue that the urban areas especially Nairobi has now been filled with so many shopping centres which target the middle class market.

During the 2016 East Africa Property Investment Summit (EAPIS), Britam Asset Manager Chief Economist, Mr. Kenneth Kaniu confirmed the reports and said that apart from the Two Rivers Mall which is scheduled for opening sometime this year, there will be no more space for retails in Nairobi.

“Beyond the Two Rivers Mall expected to open by the end of this year 2016, no further retail space will be required in Nairobi.

He further pointed out that some places for instance Naivasha, Nakuru, Kisumu, Nanyuki and Mombasa present brilliant prospects for malls that range between 1,000 to 10,000 square feet.

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Construction of Ethiopia-Kenya power transmission line begins

A Chinese firm has began the construction of a major power transmission line project within Ethiopia. The firm China Electric Power Equipment and Technology (CET) announced Monday that it had officially commenced the construction of the Ethiopia-Kenya power transmission line

Expected to cost USD1.26 billion the Ethiopia-Kenya power transmission line is financed by the African Development Bank. It runs about 1,045km, of which 445km is within Ethiopia’s territory and the rest in Kenya.

The 500 KV transmission line will have the transmitting capacity of 2,000 MW.

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Construction of Kenya’s Nairobi Southern Bypass nears Completion

The Nairobi southern bypass in Kenya that has been under construction for a year is nearing completion with the road accessible from the junction of Mombasa road interchange at Ole Sereni all the way to Kabete-Limuru road at Kikuyu town.

According to Kenya National Highways Authority (KeNHA) officials currently the contractor finalizing the project with the erection of all the wall barriers along the bypass adjacent to Kibera area.

Other final touches undertaken in finalising the Nairobi southern bypass is landscaping to beautify the entire section before it can be launched formally – although it is already in use.

KeNHA added that it is highly anticipated that the project will be completed on time.

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Kenya’s Garden City Mall to get business park

A business park is set to be constructed alongside Garden City mall in Kenya’s capital Nairobi its developers have announced.

The owners of the property dubbed The Garden City Business Park (GCBP) have proposed to divide the land into 10 plots and develop offices on two of them and further lease out the rest for predetermined use. It is planned to occupy 23.5 acres of land along Thika Road and will encompass unique facilities like business hotels, a hospital and offices.

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