Next year will even be worse.The UAP towers are been completed;no tenants have booked the space that will remain after UAP takes up the floors they require.
Couple that they have to repay the corporate bond issued last year and various borrowings both in local and foreign currencies.

One floor not enough;they have 32 floors in the new building UAP Towers;they plan to occupy about 5-10 floors leaving 22 floors vacant.
Since they merged with Old Mutual it means Old Mutual building will be vacant as they combine the two operations into one with Hq at UAP Towers.
France Telecom the majority owners of Telkom Kenya are exiting.Their Hq is at Ralp Bunche building owned by UAP;whether the new owners Hellios will want the Hq to be based at Ralph Bunche or GPO-Telkom Kenya wing is still unknown.
And with the way the economy is performing under Jubilee government things are tough.

Warning shots fired to alert (not kill) the hyenas to stay away from specific areas for now. Good PR. Why not shoot to kill the hyenas? Coz the Warden needs the hyenas to keep his job.

Exactly the warden needs the hyena especially for voting blocks and the hyena needs the warden to feed and eat. So they need each other .but we will pray for the hyena and his pack to change their ways and be content with the meat the warden gives him or else they will be sent to the wilderness .

Thats what i said one day .whenever you see dj jumping on something then there is inside info going on.and when you see him jumping out ,then follow because there is Shafting coming . His purchase of kq recently is what knocked me off from the above theory.hapo I got confused