Why would the government pay KES 6 Billion to buy a building in an area where the rent is KES 140 Million? #-o

At a rate of KES 140 Million annually they can pay rent for 43 years.

http://www.businessdailyafrica.com/news/MPs-query-Sh6bn-purchase-of-ambassador-residence-in-Geneva/539546-3848506-49nuj8z/index.html

[quote=alotoftalk]Why would the government pay KES 6 Billion to buy a building in an area where the rent is KES 140 Million? #-o

At a rate of KES 140 Million annually they can pay rent for 43 years.

http://www.businessdailyafrica.com/news/MPs-query-Sh6bn-purchase-of-ambassador-residence-in-Geneva/539546-3848506-49nuj8z/index.html[/quote]


Zero sense unless they mean 140M monthly.Its good Mpigs are questioning.

Makes sense, pesa ni yetu wote. Kwa jumla wakenya!!!

Lets put our googles aside and consider this points.
1.rent isnot constant. The perceived annual rent of 140 m against the value of 6b might only last for 15 years and a coutry should be able to plan past 50 years.
2. A permanent residence means a place we can make changes as we wish.
3.this is also an investment for our country
4.

[quote=hardwood][quote=AlphDoti][quote=alotoftalk]Why would the government pay KES 6 Billion to buy a building in an area where the rent is KES 140 Million? #-o

At a rate of KES 140 Million annually they can pay rent for 43 years.

http://www.businessdailyafrica.com/news/MPs-query-Sh6bn-purchase-of-ambassador-residence-in-Geneva/539546-3848506-49nuj8z/index.html
[/quote]
Of course it makes sense to the sycophants... kina @hardwood. I wonder how much of that is going to finance the campaign... [/quote]

Why would someone buy a house in Runda at 130m, an area where at an annual rent rate of 3m (250k pm) they can pay rent for 43yrs? Is this sensible? Does this also only make sense to sycophants?


http://house.jumia.co.ke/new-uniquely-designed-5-bedroom-house-for-sale-96191-21.html?page=2&size=30&location_region=20&location_city=1512&location_area=3515&category=15&attribute_option=offer_type%3Abuy&dir=desc

http://house.jumia.co.ke/lavish-four-bedroom-house-runda-151789-19.html?location_region=20&location_city=1512&location_area=3515&attribute_option=offer_type%3Arent&dir=desc

.[/quote]

The owner of this KES 130 Million house doesn't have basic problems like a broken healthcare system or their family dying of hunger unlike the GoK; so it maybe sensible for them.