Kenya’s Two Rivers Mall to be opened next month
Two Rivers Mall in Kenya is projected to be opened next month after additional time was used to expand it following the immense demand it received from other retailers.
The mega mall being developed by Centum was initially supposed to occupy 1.2m square feet of land but has currently been increased to 1.7m space of land.
Kenyans to run standard gauge railway once complete
The standard gauge railway in Kenya will be fully run by Kenyans after its construction is completed the country’s transport ministry has said. The government of Kenya sees skills transfer as a major issue in order to ensure seamless operation and management of the railway line upon its official launch.
Kenya’s Principal Secretary for Transport Irungu Nyakera says that the current jobs that are being done by the Chinese will be left to Kenyans who are currently training on Railway technology.
Construction of Kenya’s first double decker highway to begin in earnest
Construction of Kenya’s first double decker highway has received the much needed impetus after the World Bank agreed to finance the project. The highway is aimed at decongesting the city.
The road, Kenya’s first double decker highway, is expected to link Jomo Kenyatta International Airport (JKIA) and Nairobi-Nakuru highway. Construction is set to begin by the end of 2016.
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.
