- Project to Build a Dual Carriageway on Kiambu Road in Kenya
- Kasanga port in Tanzania to expand capacity
- The Old Mombasa Road will be upgraded to meet the requirements of the Nairobi Expressway.
- Tanzania would be one of the top economies in 2023
- Project Timeline and Information for the Tanzania Standard Gauge Railway (SGR)
- Tanzania exceeds expectations, according to the global innovation index
- AIIF4 invested USD 34 million and supports Kenyan Road Annuity Programme
- Anchor Developments plans to launch in 2022 or 2023 with an investment of EGP 10 Billion
- FSD Eyeing Ethiopian Investment Opportunities; CEO Demands Peace Agreement to Boost Economic Growth
- Tanzania's Bagamoyo Port will be expanded as part of the largest project in East Africa
A landmark mall in Nakuru town
A US $16m shopping mall is set to be constructed in Nakuru town, Kenya. This initiative will meet the growing demand for quality commercial space. Built under the Egerton University Retirement Benefits Scheme will be the landmark building in town to attract diverse investors and builders.
While confirming the reports, Egerton University Vice Chancellor Prof Rose Mwonya added that the mega project dubbed Golden Life Mall will probably be completed within two years once construction commences.
According to Nakuru Governor Lee Kinyanjui, who recently presided over the ground breaking ceremony - the development is significant as Nakuru County seeks to acquire city status.
The shopping mall which will be located along the busy Nakuru highway will be a landmark building that will improve income flow for the university’s scheme. Additionally, on a mission to de-congest the town, ample parking and enough office space will be catered for.
However there has been a challenge by the county boss asking pension schemes in the devolved unit to invest more in housing referring to the high demand for affordable homes that could provide much needed revenue streams for the funds.
Currently, Nakuru County has a number of shopping malls that are already in operation. They include Naivas super centre Mall, Rivanas Arena, Tapoos Complex, Westside Mall and Imani Shopping Mall among others. Westside Mall is considered to be the largest and most prestigious mall in the town. It is also considered as an ultra-modern commercial center.
Posted on : 09 Mar,2018
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