Battle: Dar es Salaam vs Nairobi

Battle: Dar es Salaam vs Nairobi

Chill said:
Mwaiofhawaii, have you seen this? The fenced out project you were asking for along Uhuru Highway at kenyatta avenuè. Nikama NSSF took Ruto's challenge seriously and to the letter, after seeing the twin towers being built by the Tz national social security fund in upperhill. NSSF kenya has decided to upgrade the project to a 260m@60floors and 140m@35floors twin tower 🙌...we are still waiting for the release of the updated renders👏👌...View attachment 3511611View attachment 3511612View attachment 3511619
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For some perspective, the annual contributions before the reforms ranged from KSh10 - 14B.
Last year, NSSF collected Sh60 B.
Very soon it will be a $1 Billion a year behemoth.
 
Chill said:
I think Nairobi is becoming the next London,Dubai or Switzerland., where the filthy rich whom majorly gained their wealth from corrupt precedings come to play invest and hide their ill gained wealth.
Click to expand...
Actually one of the “positives” of Kenya’s corruption ( in quotes) is unlike many other countries, our corrupt individuals invest most of their ill gotten wealth within the domestic economy. The poor get hit hard but the corrupt keep building the country and getting richer. This shows the corrupt have “faith” in Kenya judicial system to protect their interests…🤣🤣🤣
 
New kids on the block.

Emerald Springs. 30 floors twin towers
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Kalahari Cement Seals Landmark Deal with NSSF, Securing Controlling Stake in EAPC Amidst Regulatory Scrutiny
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The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari Cement has officially confirmed its acquisition of a substantial additional equity stake in the East African Portland Cement Plc (EAPC). This strategic maneuver, executed through a Share Purchase Agreement (SPA) with the National Social Security Fund (NSSF), effectively grants Kalahari Cement, a subsidiary of the prominent pan-African conglomerate Amsons Group, majority control and operational command of the Nairobi Securities Exchange (NSE)-listed Kenyan cement manufacturer.

The transaction centers on the acquisition of a further 27% equity stake in EAPC from NSSF, a deal valued at a significant Ksh 1.6 billion, positioning Kalahari Cement as the single largest and controlling shareholder. The public notice published recently confirmed that the SPA was executed on Tuesday this week, detailing the terms of the agreement. Kalahari Cement is set to acquire twenty-four million, three hundred thousand (24,300,000) ordinary shares at a negotiated price of Ksh 66 per share in the issued share capital of EAPC from NSSF. This specific pricing detail warrants close analysis, as the Ksh 66 per share price represents a substantial premium over EAPC’s typically volatile trading price on the Nairobi Securities Exchange (NSE), highlighting the strategic value placed on operational control and assets, rather than just market capitalization. The completion of this transaction remains subject to final regulatory approvals from bodies such as the Capital Markets Authority (CMA) and the Competition Authority of Kenya (CAK).

serrarigroup.com

Kalahari Cement Seals Landmark Deal with NSSF, Securing Controlling Stake in EAPC Amidst Regulatory Scrutiny

The East African cement market is currently witnessing one of its most definitive shifts in corporate control, as Tanzania’s Kalahari Cement has officially confirmed its acquisition of a substantial additional equity stake in the East African Portland Cement Plc (EAPC). This strategic maneuver...
serrarigroup.com serrarigroup.com
mwathadan IamLee nairobae NairobiWalker Teargass Nicxie


MY TAKE
The deal is done n dusted! Wacha Ruto aendelee ku-launch miradi ya Mhindi ya steel kule Uganda!
 
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