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The future beckons for Kenya
Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Hi,
With the newly found oil wealth which once confirmed, will make Kenya go into overdrive, real estate booming, not just in Kenya, but throughout Africa, companies like coca cola spending so much money in the country, various MULTI nationals setting up shop in Kenya, both from east and the west....Kenya's future looks interesting, I am personally, with cautious optimism, looking at the next 10 years as a very defining time for the country getting to booms like Ghana is seeing now where the economy is growing at 20% or more. The question is......WHERE do you put your money looking to the future? Is it a plot on thika road? Is it in stocks?
I reckon we need to stop taking the short term stance on things and we need to strategize(as individuals or together as a group) so as to take maximum advantage of the country's potential. Obviously, there are cons too; sure there are!
Any thoughts?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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The assumption is that there will be good management of the oil resources and value addition as opposed to exporting crude. The greatest beneficiary could be the LAPSSET project. There will be more urgency to construct the oil refinery factory at Lamu and the associated pipeline. The government’s equity contribution for the key sub-components of the project should ease with oil revenue. Other beneficiaries will be infrastructure projects; roads, power generation & transmission. Obviously the construction boom should continue and the TATU city’s will be replicated in many other parts of the country. The multiply effect to other sectors should be realized.
For strategizing, I will propose that you look at investment at Lamu; You start by acquiring some land; I foresee a scenario where there will be demand for accommodation during the construction phase and investment in hostels might be a good idea. I see Lamu becoming like Durban of SA.
My two cents.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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@ Pkoli. Great insight......Hard to get clean, legit, no strings attached land in lamu at the moment. So ureckon property is the way to go?
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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Horton wrote:@ Pkoli. Great insight......Hard to get clean, legit, no strings attached land in lamu at the moment. So ureckon property is the way to go? The problem is most of the land is in 10, 15 acres. Getting one acre or two acres is difficult, but like someone said, the current price per acre will be like the price of an eight in two to three years. Strategy might be to combine resources. Proper due dilligence to ensure that title is clean.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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PKoli, you mention infranstructure projects. I think TransCentury definitely had their eyes on the prize when they acquired a controlling stake in Civicon. Civicon recently scooped a 3.2 billion shilling ($36-million) contract to improve road access to the Lake Turkana Wind Power (LTWP) complex It has also been doing work for Kengen. GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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youcan'tstopusnow wrote:PKoli, you mention infranstructure projects. I think TransCentury definitely had their eyes on the prize when they acquired a controlling stake in Civicon.
Civicon recently scooped a 3.2 billion shilling ($36-million) contract to improve road access to the Lake Turkana Wind Power (LTWP) complex
It has also been doing work for Kengen.
I would surely watch the strategy adopted by TransCentury and invest in the company. I think they have smart guys driving the company's strategy.
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Rank: Member Joined: 4/14/2011 Posts: 639
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PKoli wrote:Horton wrote:@ Pkoli. Great insight......Hard to get clean, legit, no strings attached land in lamu at the moment. So ureckon property is the way to go? The problem is most of the land is in 10, 15 acres. Getting one acre or two acres is difficult, but like someone said, the current price per acre will be like the price of an eight in two to three years. Strategy might be to combine resources. Proper due dilligence to ensure that title is clean. Cant agree more!!I started looking for 1 acre when the market price was 800k per acre and didnt manage despite living within the vicinity of the project.Most have 10,15,17 and20 acres and want to dispose all of them.It is only last week that Imanaged to get one with the market price at 1.6m.Another problem here is that most of the Shambas have debts charged to them so you need to wait for the discharge certificate to transfer the property.I HAVE WITNESSED THE LAND PRICES MOVE FROM 400K IN JANUARY 2012 TO 1.6M today.The upward potential is still intact with the project yet to take off.This is the time to board this mbus!
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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PKoli wrote:The assumption is that there will be good management of the oil resources and value addition as opposed to exporting crude. The greatest beneficiary could be the LAPSSET project. There will be more urgency to construct the oil refinery factory at Lamu and the associated pipeline. The government’s equity contribution for the key sub-components of the project should ease with oil revenue. Other beneficiaries will be infrastructure projects; roads, power generation & transmission. Obviously the construction boom should continue and the TATU city’s will be replicated in many other parts of the country. The multiply effect to other sectors should be realized.
For strategizing, I will propose that you look at investment at Lamu; You start by acquiring some land; I foresee a scenario where there will be demand for accommodation during the construction phase and investment in hostels might be a good idea. I see Lamu becoming like Durban of SA.
My two cents.
Interesting link of the LAPSSET tracker; http://lapssettracker.bl.../lapsset-in-court.html.
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Rank: Elder Joined: 2/10/2007 Posts: 1,587
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PKoli wrote:[quote=PKoli]The assumption is that there will be good management of the oil resources and value addition as opposed to exporting crude. The greatest beneficiary could be the LAPSSET project. There will be more urgency to construct the oil refinery factory at Lamu and the associated pipeline. The government’s equity contribution for the key sub-components of the project should ease with oil revenue. Other beneficiaries will be infrastructure projects; roads, power generation & transmission. Obviously the construction boom should continue and the TATU city’s will be replicated in many other parts of the country. The multiply effect to other sectors should be realized.
For strategizing, I will propose that you look at investment at Lamu; You start by acquiring some land; I foresee a scenario where there will be demand for accommodation during the construction phase and investment in hostels might be a good idea. I see Lamu becoming like Durban of SA.
My two cents.
Interesting link of the LAPSSET tracker; http://lapssettracker.bl.../lapsset-corridor.html.[/quote]
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Same mantra since 1963 Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
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Hunderwear wrote:PKoli wrote:Horton wrote:@ Pkoli. Great insight......Hard to get clean, legit, no strings attached land in lamu at the moment. So ureckon property is the way to go? The problem is most of the land is in 10, 15 acres. Getting one acre or two acres is difficult, but like someone said, the current price per acre will be like the price of an eight in two to three years. Strategy might be to combine resources. Proper due dilligence to ensure that title is clean. Cant agree more!!I started looking for 1 acre when the market price was 800k per acre and didnt manage despite living within the vicinity of the project.Most have 10,15,17 and20 acres and want to dispose all of them.It is only last week that Imanaged to get one with the market price at 1.6m.Another problem here is that most of the Shambas have debts charged to them so you need to wait for the discharge certificate to transfer the property.I HAVE WITNESSED THE LAND PRICES MOVE FROM 400K IN JANUARY 2012 TO 1.6M today.The upward potential is still intact with the project yet to take off.This is the time to board this mbus! @handerwear.. please put me in the loop, interested in atleast 5 acres. Another thing is it possible to join hands and do a venture purely for the Lamu prospects? inbox rahatupu at ymail.com.
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Rank: Veteran Joined: 8/30/2007 Posts: 1,558 Location: Nairobi
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Rahatupu perhaps we can go in together and buy a big chunk and split it up thereafter?
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Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
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Horton wrote:Rahatupu perhaps we can go in together and buy a big chunk and split it up thereafter? . Great get in touch.
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Rank: Member Joined: 9/27/2006 Posts: 503
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Rahatupu wrote:Horton wrote:Rahatupu perhaps we can go in together and buy a big chunk and split it up thereafter? . Great get in touch. Hey, have you guys managed to secure a plot?
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Rank: Member Joined: 11/9/2007 Posts: 288 Location: OZ
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I think TCL will be golden stock for the next decade based on below assumptions: -Growth in Railway as mean of transport (RVR) -Intensive Infrastructure growth (Civicon) -Stable Political Environment..(Investor Confidence) Either way...if one will patient enough for next 7 yrs..he will be multi millionaire with this stock.. @At the current price its a bargain...i am serious considering locking in on this for next 7 yrs.. Guys your thoughts... More monies, more problems...
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