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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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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