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Malls in Kenya
MatataMingi
#11 Posted : Monday, February 07, 2011 9:59:20 PM
Rank: Member

Joined: 11/17/2009
Posts: 399
Location: Where everyone knows you
@ALL.

I think the problem with the upmarket malls in Nairobi ( Junction, Village market, Sarit, Yaya, Wesstgate etc ) is that some tenants have not done their homework. In all these malls, the supermarkets, coffee shops like Java & Dormans do well. In most of these malls the food courts also do good business. The problem is with people who open shops in these malls to sell stuff that you can buy at half the price outside the malls.

By the way, in my experience, Malls in most countries that I frequently visit ( USA, UK, Europe, Far East )are always teaming with young people to hang out and meet / wait for their mates before they plan their next adventure.
jasonhill
#12 Posted : Tuesday, February 08, 2011 3:33:49 AM
Rank: Member

Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
@Ceinz thanks for the info. Profit Sharing... lol. People don't understand- it's all the same worldwide. Everyone wants their cut. Corruption is everywhere. It seems to be one-off payments there, but here, it is constant. It's just dressed up and formal, but make no mistake, wheels must always be greased.

@MatataMingi - I don't know about in Kenya, but in the US, young people at malls = lots of theft. They usually don't have the money to buy anything except food from the food court, yet they cause trouble and steal, and then you have to pay Police to watch your stores... that's right... PAY POLICE. Here they say it's "off-shift work" or "special assignment", and it is ongoing. It can easily cost you 20,000 Ksh PER NIGHT. Same with a bash... pay police. And, if you have kids in your store, you need special slip-and-fall insurance coverage which can cost you a couple million Ksh a year. You usually have to be as big as Nakumatt or Tusky's here in the US, or your business will likely either fail or not make any real money - barriers to entry are too high. Big Corporate has all but crushed the "little guy" and banks and their usury are killing the "middle guy". That's why I'm looking forward to doing business in Kenya.
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