kourage wrote:The listing of Home Afrika was meant to provide an opportunity for the original shareholders to realize their value at a premium. No womder on first day of trading, it hit 25 then embarked on a journey south. Don't expect anything.
Home Afrika has nothing. The Athi River land's not paid for, more than two years since they engaged the owner. Just selling 'off plan' and money used for operational purposes. They can't raise funds for infrastructure in Migaa. No bank wants to touch them especially on Migaa.
Even at 2 bob its still at a premium.
the land owner has 14,000 acres . i had done a joint venture proposal on the same land a few years ago which shelter afrique bank found the area abit too far from the main road.the land has a railway station so a proposal whereby the main mode of transport is rail can work compared to jamii bora estate which has no easy access hence dead on arrival.
I have on several occasions tried to explain to homeafrika managers that its pointless to expect students to come up with solutions to low cost housing since they are not well experienced. if homeafrika can tap onto real tried and tested intellectuals in real estate, then we can begin to see changes. there are many opportunities in kenya real estate investment if players agree to think outside the box.
As Iron Sharpens Iron, So one Man Sharpens Another.