The servicing of a $5 million (about Sh500 million) loan borrowed from Shelter Afrique to build the Taj Shopping Mall is uncertain after the government Thursday reiterated that it will demolish the building to pave the way for upgrade of the Outer Ring road.



Another round of confrontation between the government and Mr Gorasia over Taj Mall, which is valued at more than Sh5 billion.

I think Taj mall are preparing for a big windfall, Went there a few weeks ago and uchumi has given up most of its space yet Taj mall has a new coat of paint, wonder what value does it add if it's going to be demolished

I think @enyands you're correct since the Ministry of lands has begun fighting NLC stating that the latter has no powers to revoke the title. So here will be facing in-house fights and the winner to go to court to face Mr. Gorasia and the the bounty fight continues.

I wonder how much he will be compensated for loss of business considering that the mall has had less than 50% occupancy rate since it opened

why does government work like this?this issues should have been sorted long before awarding the building tender,now the contractor will have to ask for more money due to this delays

You don't want to be stinking rich. To maintain your status everybody needs a piece of your pie.and when you are rotting down under, your families including your mother are fighting for piece of your wealth. You become suspicious of your wife thinking that she wants to kill you to take your property and spend with young highly testosterone charged boy.
You end up having mpango since even if mpango won't legally inherit they have no plan to kill you though the only maintaince is money her.so it's easy to have mpango than "death planning wife "
Ask dj why he is single at 70+, call njenga karume,ask the mulis, ask former kplc md, ask kanyotu.something funny most of them get killed by stress related diseases. Then mpangos prop up. It's just a mess man. Richness is just wicked bro.former devolution cs came clean and told people that her doc advice her to quit. It's a cycle.look around you and you will realize though as usual I stand to be corrected

Hata kama, what the heavens do you want to do with a billion?
For me ksh20-30million is enough for me to live a quiet life and leave enough for generations to come. Watu wawache tamaa!

Money has no diminishing utility! Give me billions and I will adjust my life accordingly.

I heard there are schools in Kenya where you pay 2M per term fees.

30 million at a very conservative return of 10% per year is 3 million. That is more than half of the world live on in 5 yrs. Hii pesa uta Acha tu hapa. As eccl and daddy Owen says; yote ni vanity.

ni ukweli. rightfully acquired wealth is peacefull than wrongly acquired .poverty is even worse than richness . baseline is be in right with God,allah ,budhaa ,Krishna or whatever. but umenena