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TATU CITY .....M.o.i & Cronies Investment
mukiha
#21 Posted : Monday, November 01, 2010 12:06:42 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
@Mjuaji: Why are you assuming that shareholders will foot the 240b bill?

Their role will be planning and controlling the development. They bought the land; now the are seeking architects, planners etc to put together drawings.

Next, the parcels of land will be sold to individuals to develop. Tatu City will only take care of common facilities - roads, power, etc.
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mukiha
#22 Posted : Monday, November 01, 2010 12:14:08 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
By the way; Rain does NOT come from trees!

Trees are necessary to hold the (rain) water and stop it from running down to the rivers all at once.

If you cut them down, the rains will still fall, but the rivers will become seasonal - only flowing during the rain and drying up a few days later.

If you want to see this effect in action, go to Njoro and see the River Ndarugo which feeds into lake Nakuru. I lived there from 1991 to 2003 and I saw this river slowly turning from permanent to season... and the lake followed suit - it also became seasonal. But the rains continued!
Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
mukiha
#23 Posted : Monday, November 01, 2010 12:15:12 PM
Rank: Elder

Joined: 6/27/2008
Posts: 4,114
mukiha wrote:
@Mjuaji: Why are you assuming that shareholders will foot the 240b bill?

Their role will be planning and controlling the development. They bought the land; now the are seeking architects, planners etc to put together drawings.

Next, the parcels of land will be sold to individuals to develop. Tatu City will only take care of common facilities - roads, power, etc.


Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
Njung'e
#24 Posted : Monday, November 01, 2010 12:25:31 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Mjua,

FACTS.
1.300 acres of land was bought by Renaisance from Eegaads....and Ren owns majority shareholding of Eegaads (61.74%) bought through Waguthu Holdings from the former majority shareholder (Socfinaf)

2.Area under Eegaad will not come into use until the final phase of the project which will be well beyond 2018.

3.Interested individuals,developers and corporate entities have been invited this month after approval of the master plan and can apply on areas of interest.

What the three investors have is a grand plan/idea,financed half way by RENCap...The rest might as well come from you and me.

Kindly refer to advert in yesterdays SN.

Nothing great was ever achieved without enthusiasm.
Wa_ithaka
#25 Posted : Monday, November 01, 2010 12:38:07 PM
Rank: Veteran

Joined: 1/7/2010
Posts: 1,279
Location: nbi
Some Kenyans are very naive
The Governor of Nyeri - 2017
My 2 cents
#26 Posted : Monday, November 01, 2010 12:43:15 PM
Rank: Veteran

Joined: 6/2/2010
Posts: 1,091
Wa_ithaka wrote:
Some Kenyans are very naive

Please elaborate..........
wakagori
#27 Posted : Tuesday, November 02, 2010 10:29:26 AM
Rank: Member

Joined: 7/12/2010
Posts: 201
ignorance, for sure is bliss. The other 3 shareholders do not have, nor shall they raise the 50% (100B) for the project. Thats the cost of the project. If as an investor i feel like doing a 20 storey building in the city, i shall approach them and they will give me the parameters, T & C's, the land etc where i build it...on a long term lease. The same goes for the residentials. The investors will do the basic amnenities like roasds, water, elec etc
I am told Coca Cola SABCO has already taken up to do a world class stadium already!
Njung'e
#28 Posted : Tuesday, November 02, 2010 11:31:35 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@Wakagori,
It's a sports complex....hapa iko kitu!
Nothing great was ever achieved without enthusiasm.
wakagori
#29 Posted : Tuesday, November 02, 2010 11:37:17 AM
Rank: Member

Joined: 7/12/2010
Posts: 201
@njung'e: kitu gani?
arapsonkot
#30 Posted : Tuesday, November 02, 2010 12:23:08 PM
Rank: Member

Joined: 10/1/2010
Posts: 143
Location: kenya
Did you know that it is called so because it is own by three powerful individuals?
Sent from my iPad" is the new "Haters gonna hate".
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