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Quo Vadis Kisumu?
Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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Hallos,
Are there any wazuans who believe there will be some renaissance in good old "Port Florence"?? I have invested heavily in Land (Riat, Mamboleo etc)...but somehow things feel like they are stagnating. Nyanza Professionals seem to be very reluctant about this city...they build their villas & disappear back to wherever...Are there any wazuans with property investments in Kisumu? What is the reality on the ground?
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Wait for the county governments to start running
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Rank: Member Joined: 6/17/2011 Posts: 229
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Hope the counties will embrace and work towards improving multicultural demographics. Otherwise 07/08 hangovers still fresh in the minds of many investors except perhaps non-Kenyans.
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Rank: Elder Joined: 10/13/2009 Posts: 1,950 Location: in kenya
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Kimwa chilling story In todays daily nation makes investors intending to invest in Kisumu be very wary. Loosing 400M worth of investment and at the same time nearly loosing your life is not a story that invites investors. Unless pple from Nyanza invest there heavily I dont see a property boom in kisumu any time soon. Take Eldoret for instance the athletes have invested there heavily creating a property boom for themselves. '......to the acknowledgment of the mystery of God, and of the Father, and of Christ; 3 In whom are hid all the treasures of wisdom and knowledge.' Colossians 2:2-3
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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selah wrote:Kimwa chilling story In todays daily nation makes investors intending to invest in Kisumu be very wary.
Loosing 400M worth of investment and at the same time nearly loosing your life is not a story that invites investors.
Unless pple from Nyanza invest there heavily I dont see a property boom in kisumu any time soon.
Take Eldoret for instance the athletes have invested there heavily creating a property boom for themselves. There are four places I'd never ever invest in, Kisumu, Eldoret, Baghdad and Khandaha.
BBI will solve it :)
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Rank: Member Joined: 1/15/2010 Posts: 458
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i echo @Elder...Kisumu is a no no no for me siwes mek!! update president set president = speaker where president is null
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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I know of a huge project in Kisumu coming up, investor is spending 1B on property. Another one is for about 800M. Maybe more guts than brains? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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2012 wrote:selah wrote:Kimwa chilling story In todays daily nation makes investors intending to invest in Kisumu be very wary.
Loosing 400M worth of investment and at the same time nearly loosing your life is not a story that invites investors.
Unless pple from Nyanza invest there heavily I dont see a property boom in kisumu any time soon.
Take Eldoret for instance the athletes have invested there heavily creating a property boom for themselves. There are four places I'd never ever invest in, Kisumu, Eldoret, Baghdad and Khandaha. @2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still
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Rank: Member Joined: 2/3/2007 Posts: 43
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dont be quick to judge kisumu nakumat downtown burnt en i didnt hear anybody say they wont invest in nairobi thats why there is insurance @rapudox could you sell me some piece of your many pieces
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Rank: Elder Joined: 12/9/2009 Posts: 6,592 Location: Nairobi
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jamplu wrote:
@2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still
@jamplu, whatever profession you're in I'm sure there's an opportunity for you in Baghdad and I'm sure it would pay you ten times what you're earning now... So have you applied for a job there? 
BBI will solve it :)
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Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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In the 90s it was extremely risky investing in NBI. Hopefully things will change for Kisumu. I think Nyanza professionals would be able to make a difference if it wasnt for the constant bickering.@Kularaha...pliz toboa, what projects are these?
@mukoya, unfortunately am not selling...those pieces are my pension security. I got no faith anymore in govt pension systems
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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If the higher the risk the higher the returns, then its a good place to put your money. But I wouldnt construct anything, maybe speculate on land or some agriculture.
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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2012 wrote:jamplu wrote:
@2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still
@jamplu, whatever profession you're in I'm sure there's an opportunity for you in Baghdad and I'm sure it would pay you ten times what you're earning now... So have you applied for a job there? There are enough opportunities within region (EA). My point is don't let opportunities pass you just because of what someone went through 4 years ago that's not the spirit of an investor. i know someone who has 5 acres of land in kisumu worth over 20times what he bought it for and nothing happened to his investment he told me he's holding it for speculative purposes.
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Rank: Member Joined: 6/17/2011 Posts: 229
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jamplu wrote:2012 wrote:jamplu wrote:
@2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still
@jamplu, whatever profession you're in I'm sure there's an opportunity for you in Baghdad and I'm sure it would pay you ten times what you're earning now... So have you applied for a job there? There are enough opportunities within region (EA). My point is don't let opportunities pass you just because of what someone went through 4 years ago that's not the spirit of an investor. i know someone who has 5 acres of land in kisumu worth over 20times what he bought it for and nothing happened to his investment he told me he's holding it for speculative purposes. 1) Very heartless, you need to soul search, seriously. 2) "Only the foolish learn from experience — the wise learn from the experience of others." - and that's why the Wazua.
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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eco wrote:jamplu wrote:2012 wrote:jamplu wrote:
@2012 why not you can make money in all these areas so long as you know how to manage your risks. there are people who deal with higher risks can u imagine those invest in charter flights to baghdad now thats risk they are making good money still
@jamplu, whatever profession you're in I'm sure there's an opportunity for you in Baghdad and I'm sure it would pay you ten times what you're earning now... So have you applied for a job there? There are enough opportunities within region (EA). My point is don't let opportunities pass you just because of what someone went through 4 years ago that's not the spirit of an investor. i know someone who has 5 acres of land in kisumu worth over 20times what he bought it for and nothing happened to his investment he told me he's holding it for speculative purposes. 1) Very heartless, you need to soul search, seriously. 2) "Only the foolish learn from experience — the wise learn from the experience of others." - and that's why the Wazua. @ Eco Heartless! I don't think so...I know what it is like to desperately look for seats in any available flight to nairobi half of my family was in Kisumu and they still went back. Are they foolish no there are opportunities in Kisumu.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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I also don't find @Eco heartless that's the nature of business the ruthless pursuit of profit. I know some guys who after the violence started as the workers were busy fighting on the streets just packed the entire factory in containers and shipped out everything onto the high seas. The workers were so shocked when they came back to find an empty warehouse. That's business nothing personal
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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I had a rental house here but luckily,it survived the vilonce because it was occupied by a seasider.I sold it plus the tenant in August of 2008 and took to the high hills....Never!...but if i were too,a guest house would be most ideal. Nothing great was ever achieved without enthusiasm.
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Rank: New-farer Joined: 12/30/2010 Posts: 65 Location: Europe
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I understand the issues raised and the horrific experiences. But still i believe there is also a lot of biased opinion against Kisumu.It may be political or tribal..i just cant figure it out.This is a very tolerant city which has allowed all tribes and races to set shop. 2008 was bad...yes...but can we really continously use this as a yardstick. There are other flourishing towns in Kenya which have a deadly intolerance to so called "outsiders".
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Rank: Member Joined: 1/24/2008 Posts: 479
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invest in something that won't burn..or something that will resist damage from flying misiles..on a serious note,a friend of mine has many beach plots in kisumu,and plans to build a kisumu sun and sands hotel,luckily he's a resident of kisumu county Every man is guilty of all the good he didn't do-
Voltaire
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Rank: Member Joined: 7/5/2008 Posts: 390
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just in case u might not want to invest in Kisumu, please consider Homa Bay County (from Mfangano, Remba, Rusinga Islands to to Ndhiwa (sugarcane)Kendu Bay (fish, simsim, groundnuts)to Rangwe (pineapples) to Oyugis (maize, tea, coffee, sweet potatoes). With the largest shoreline of Lake Victoria in Kenya; good climate and a welcoming population...think about it! You can also access Ug and Tz directly via the lake.
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