Profile picture
Sura Mbaya
@surambaya
, 5 tweets, 2 min read Read on Twitter
This was inevitable...
1/
 The demand is also falling for apartments, with Kenya Bankers Association (KBA) reporting a 13.7% drop to 62.6% in the first quarter of 2019, especially after the government launched an affordable housing programme

nation.co.ke/business/Real-…
2/
 The prices of houses in Nairobi Metropolitan dropped in the first quarter of 2019 according to a report by the Kenya Bankers Association (KBA) The decline represented about 2.8 per cent...

nation.co.ke/business/House…
3/
 Meanwhile, with a local bank putting up for sale one hundred acres of land belonging to Urithi Housing Co-operative Society, the housing bubble for one of Kenya’s leading real estate developers appears to have burst

nation.co.ke/business/Urith…
4/
 And the cities keep coming up

"A Chinese real estate group has announced plans to build a mega city in Nairobi’s Athi River area at an estimated cost of Sh200 billion, deepening the Asian nation’s inroads into Kenya’s construction sector."

businessdailyafrica.com/news/Chinese-g…
5/
 And even more apartment complexes

"Real estate equity investor Actis and Indian developer Shapoorji Pallonji will put up 600 apartments targeting middle-income earners at Nairobi’s Garden City Mall Complex."

businessdailyafrica.com/markets/market…
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Sura Mbaya
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @surambaya see all

Profile picture
Sura Mbaya
@surambaya
Kenya once had great leaders and one of them was Kenya's second VP, Joseph Murumbi

1/
Joseph Zuzarte Murumbi was born in Kenya in 1911, from a Goan father and Maasai mother, the daughter of Murumbi, the Maasai Laibon (political leader) for the Uasin Gishu Maasai.

A thread
2/
 Murumbi was probably one of the continent’s greatest private collector of art, books, postage stamps, artifacts, textiles, jewellery and everything African, including 50,000 documents on Africa, many of which he acquired during the decade that he was in exile in England
3/
 The National Archives houses just a small portion of the entirety of his collection, which he gifted to the Kenyan government in the 1970s
Read 12 tweets
Profile picture
Sura Mbaya
@surambaya
This is an excellent must read if you are interested in the mechanics and history of corruption and state capture in Kenya.

The detail is to die for....

africog.org/wp-content/upl…
2/
 Kenya has had 30 commissions of inquiry in a century. Some examples and their costs include:

The Goldenberg Commission Sh503mn (Allowances - Sh303mn)

The Ndung’u Commission: Sh78.1mn (Allowances - Sh 70.7mn)

The Kiruki Commission: Sh19.97mn (Allowances - 13.37mn)
3/
 State capture is defined as:
… a political-economic project whereby public and private actors collude in establishing clandestine networks that cluster around state institutions in order
to accumulate unchecked power, subverting the constitutional state and social contract...
Read 12 tweets
Profile picture
Sura Mbaya
@surambaya
Former anti-corruption Czar, John Githongo has been directed to pay Murungaru Sh20mn in general damages, Sh5mn in exemplary damages, and Sh2mn in special damages.

1/
 Anglo-leasing has become the gift that keeps on giving

Short thread...

nation.co.ke/news/Githongo-…
2/
 Anglo-Leasing was basically a con scheme involving some unsavoury characters including:

Deepak Kamani
Annure Pereira
Amin Juma
Merlyn Kettering
Ludmilla Katuschenko
Dave Mwangi
David Onyonka
Chris Obure
Francis Chahonyo
David Magari
Githongo's Accuser*
nation.co.ke/news/DPP-order…
3/
 Kenya is suspected to have lost more than $600 million (more than Sh50 billion) in the Anglo Leasing scam. The money was lost in 18 security-related contracts awarded to companies that did not render services or deliver goods paid for.

businessdailyafrica.com/news/Sh200m-An…
Read 8 tweets

Related threads

Profile picture
Ken கென்
@TwitsKEN
#Kenya day 1 . Airport landing on arrival visa process , hotel check in and went to meet my wife's friend in county side . 2 hrs car drive from Nairobi .
And they are meeting after 10 years
1 hour drive in highway and 45 mins drive in real mud road ~Murunga county
Read 71 tweets
Profile picture
Peter Wilding
@eurorealist
Farmers face the biggest Brexit hit and still they don’t think they need to worry! THREAD
In a grim report published on Friday, the #government Agricultural, Horticultural and Development Board @TheAHDB predicted that post-Brexit #farming incomes would fall by 25%. @FarmingUK /1
This wasn’t just in an apocalyptic #NoDeal scenario. If it was, farmers seeing this figure could mutter Project Fear and carry on their arduous work. The problem is that this collapse occurs IN ANY BREXIT SCENARIO @bbcfarmingtoday. /2
It is no exaggeration that entire enterprises, for example poultry production, could be unviable if the AHDB predictions are correct as @RCorbettMEP notes. This is a problem because, in Shropshire @BBCShropshire poultry accounts for 86% of all cattle and livestock. /3
Read 21 tweets
Profile picture
Abdullahi Halakhe
@QulshTM
A thread re police extra-judicial execution.
Over the years the Kenya Police has acquired a dubious distinction of being the source of insecurity instead of providing security. In many instance, to many Kenyan’s the police represent a clear, and imminent danger to the lives.
But the transformation from the source of security into a bastion of insecurity didn’t occur overnight, and neither did it come as a surprise; it was an inevitable outcome of multiple factors.
Before the 2010 constitution, the police was at the beck and call of the executive, which used it as a tool of coercion. The executive used the police however deemed fit to meet its political ends.
Read 22 tweets
Profile picture
CIS
@cis_india
Today, @NITIAayog released a Discussion Paper titled ‘National Strategy for Artificial Intelligence”. #AIforAll
niti.gov.in/writereaddata/…
We provide our initial thoughts on the paper here. 1/n
We welcome this initiative by @NITIAayog, but a call for comments would have been a welcome addition. The paper takes important steps forward from the #AI Task Force report released earlier this year by the DIPP, Ministry of Commerce and Industry (dipp.nic.in/sites/default/…). 2/n
This paper attempts a more holistic look at a broader range of issues concerning AI including #regulation, #ethics, #fairness, #transparency and #accountability. However, a number of issues still remain with this paper. 3/n
Read 41 tweets
Profile picture
Michael Kimani
@pesa_africa
interesting that BitPesa CEO E. Rossiello does not see informal peer to peer traders as competition. As individuals yes,

As a collective organized network - competition
Not just her.
People are fixated on the idea of FinTech - technology for financial services.

You can build a tech gateway yes.

But you can also build a network of people gateway.
Read 35 tweets
Profile picture
Matina Stevis
@MatinaStevis
#Kenya #thread on the importance of the courts in this election & country's economic, political future - story here wsj.com/articles/kenya…
World's attention focused on #Kenya Supreme Court after historic annulment of Aug. 8 vote, which triggered reactions wsj.com/articles/kenya…
#Kenya courts, experts told me, improved in leaps & bounds; confidence in the institution is robust among Kenyans wsj.com/articles/kenya…
Read 10 tweets

Trending hashtags

#Palestinian #Emerald #OECD #EU #PMOEthiopia #Palestinians #Henan #Kenya #France #Indian #Sinohydro #China #trumphotel #nuclear #MLK50 #data #thedonald #TRILLION #Trade #AlJazeera #Nairobi #ET302Cras #opendata #ColonialRally #HiAP
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!