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Tatu City: A Dream that Will Never Materialize
Rank: Veteran Joined: 11/15/2012 Posts: 1,110
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Tatu City- believed to be the largest private real estate project in Kenya- may not beak ground at all! Stephen Mwagiru, a shareholder in Tatu City Ltd, is seeking for its wind up. The ownership of Tatu City Ltd was laid bare on Friday (16/11/2012) following an embattled court case. Contrary to popular belief, the "real" owners of Tatu City maybe foreigners! Source Live Full Die Empty - Les Brown.
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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@InnovateGuy...Bost a Rink Pwana. Some of us has interest there, and/or explain to us what happened and is happening Please..Thank you Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 3/26/2012 Posts: 830
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Please post a link...i am a person of interest in this project... A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 10/23/2009 Posts: 2,375
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http://www.nation.co.ke/...2/-/hu3ylvz/-/index.htmlIt is better to keep your mouth closed and let people think you are a fool than to open it and remove all doubt...
-Mark Twain
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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am,s mutaga 111,make a habit of going through the dailies daily.
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Rank: Member Joined: 3/26/2012 Posts: 830
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The information in daily nation is very shallow....but I appreciate their effort...I though he/she had a deeper source A successful man is not he who gets the best, it is he who makes the best from what he gets.
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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What does the constitution when read together with the new land laws say about foreigners owning land in Kenya?
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Its no secret that the real owners and financiers of Tatu city is Renaissance Capital of Russia! Which Kenyan has 240B to invest in the planning, roads, power, water, sewer infrastructure? The financiers have to get a profit from the project, whether we like it or not. At the end of the day Kenyans and foreign investors will be left with a nice city to live, play and work in. It doesnt come free of charge. All this the Gov should have provided but failed to do so, hence why they are offering tax breaks and other incentives. In my opinion the Gov should have been a partner in the project, by providing free land or buying the land and handing it to the developers. The price of the serviced plots in the city would have been much cheaper and affordable to the common mwananchi. Life is short. Live passionately.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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sparkly wrote:Which Kenyan has 240B to invest in the planning, roads, power, water, sewer infrastructure? The Kenyatta family meets this criteria!  check on this: www.allafrica.com/storie...-android%26channel%3DnewMark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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With ICC eying his accounts? And presidency? 
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Mukiri wrote:With ICC eying his accounts? And presidency? FYI The Kenyatta family and Uhuru Kenyatta are not the same things! Uhurus accounts haven't even been frozen yet! Mark 12:29
Deuteronomy 4:16
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Rhetorical question Life is short. Live passionately.
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Rank: Elder Joined: 6/27/2008 Posts: 4,114
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sparkly wrote:Rhetorical question The 240b is not expected to come from the primary project developer! It will come from secondary developers who will buy stakes in the project and build the homes and offices as directed by the primary developer... it is a "planned development". Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
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Rank: Veteran Joined: 11/4/2008 Posts: 1,289 Location: Nairobi
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mukiha wrote:sparkly wrote:Rhetorical question The 240b is not expected to come from the primary project developer! It will come from secondary developers who will buy stakes in the project and build the homes and offices as directed by the primary developer... it is a "planned development". Trust this fellows not to sink a penny into this project. They want to sell the infrastructure bit to another party. Met them last year and the idea was live then.
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Rank: Veteran Joined: 11/15/2012 Posts: 1,110
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Suppose the guy who wants Tatu City Ltd to be dissolved has his way...what will be the future of the project? Live Full Die Empty - Les Brown.
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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InnovateGuy wrote:Suppose the guy who wants Tatu City Ltd to be dissolved has his way...what will be the future of the project?
I don't think he will have his way. Tatu is here to stay You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Veteran Joined: 2/21/2012 Posts: 1,739
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@Innovate Guy. How can Steven Mwagiru and His mother, a 99 year old (with due respect) have his way. This is Kenya and those in Power (maybe Including wenye huamua Kesi) has an Interest in Tatu. Do not be anxious about anything, but in everything, by prayer and petition, with thanksgiving, present your requests to God..
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Rank: Member Joined: 5/8/2008 Posts: 288
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Does it mean dreams of Tatu City is materializing after years of court battle? The quarter-acre and half-acre plots in Kijani, with leasehold titles, are priced at Sh7 million to Sh13.5 million. The price includes a five-year service charge, according to promotional materials seen by the Star - See more at: http://www.the-star.co.k...23m-construction-resumes
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@Jitahidi Tatu City is just but an example of a failed project that could have provided growth and boosted the economy.Tatu city was a good project but the owners became greedy with hyper inflated plot prices. Right now nothing is taking place due to lack of funds. All in all Tatu city is a dream that will never materialized. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/15/2010 Posts: 625
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Centum should take over this project and get it done.
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Tatu City: A Dream that Will Never Materialize
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