Babylon
JF-Expert Member
- Feb 5, 2009
- 1,332
- 82
Things falling apart
Do you know that Nairobi is now acting as the capital city of SIX countries. Kenya, Somalia, Sudan, Rwanda, Uganda and Tanzania. Uganda and Tanzania exchange rates are determined from Nairobi. This has pushed the prices of properties in Nairobi to an exaggerated values. Somalian's with their pirate money has worsened the situation. They have now finished buying Eastleigh, the rich Somalians has not invaded South C where a 4-bedroom houses has rocketed from KShs. 5 million two years ago to KShs. 20 million of we are talking. The pirate team are buying properties in the city centre. Last week they bought Tusker House along Ronald Ngara from Hon. Njenga wa Karume. Several have now bought buildings in Koinange Street where they are targeting. The Kenya government just sits down and watch things going the wrong direction. We have no problem for genuine Kenyan Somalians buying property in Nairobi as they are Kenyans but we are against Somalias from Somalia destroying their country and join in to buying property in Kenya pushing the prices so high that an ordinary Kenyan cannot be able to buy. The Kenya government should borrow a leaf from Dubai government. You cannot buy a property without 50 per cent share with a local resident. This is how it worked during Kenyatta's time. Do you know that you cannot give birth in Dubai if you are not a resident - you have to travel back to your own country to give birth. We welcome investors but not investors to finish the common man. The Somalian who have bought Tusker house has increased the prices of the 230 stalls from KShs. 11,500 to Kshs. 23,000 last week. How do you expect a common man to hand such an increase at this difficult times. Something need to be done before things fall apart as Chinua Achebe once said.
