Mshambaman

Quickmarts are everywhere including Ruiru, Eastern Bypass and Kahawa Sukari.This is a perfect example of your tunnel vision and obsession with Kitengela.

Mshambaman shifts goalposts again with empty rhetoric after being confronted with facts that Kitengela is not special

Explain in 10 sentences (not 50 essays) why you think Kitengela is the next Runda? Explain why other satellite towns like Ngong, Ongata Rongai, Ruiru etc are not the next Rundas but Kitengela is. I'm waiting.

Nobody reads your essays Mshambaman

https://theexchange.afri...t-to-raise-sh5-billion/

Fanisi Capital courts another International School in quest to raise Sh5 billion

Fanisi Capital plans to continue making investments in high growth consumer sectors including healthcare, education, consumer goods and agribusiness

by Njenga Hakeenah
September 13, 2018
in Kenya, Regional Markets, Rwanda




(L-R) Fanisi Capital Co-Managing Partner Tony Wainaina, Kitengela International School (KISC) Founder Paul Mwangangi, Fanisi Capital Co-Managing Partner & CEO Ayisi Makatiani and IFC - PE and Investment Funds Officer Maingi Mukando. Fanisi Capital on Thursday entered into an agreement to invest up to Sh400 million in KISC.



Fanisi Capital has entered into an agreement to invest up to Sh400 million in Kitengela International School (KISC).

The agreement will see Fanisi Capital initially invest Shs 205 million.

The investment is the first from the Fanisi Capital Fund II LLC, a growth-focused private equity fund with a target to raise Sh 5 billion.

Fanisi Capital plans to continue making investments in high growth consumer sectors including healthcare, education, consumer goods and agribusiness.

The deal is subject to approval by the Competition Authority of Kenya (CAK).

Fanisi Capital’s Co-Managing Partner and Chief Executive, Ayisi Makatiani, said the school fits into the firm’s investment portfolio with its ambitious growth strategy to triple student population from the current 1,000 and open two more schools over the next five years.

“We are on a journey to build centres of academic excellence and expand their footprint,” said Makatiani during the organisation’s investor briefing.

“We are in the final stages of fund-raising for Fanisi Capital Fund II, which has attracted interest from both local and international investors. Over 40 per cent of the investors in this fund are local with twelve local pension schemes coming on board,” he added.

In addition to World Bank’s International Finance Corporation (IFC) and Norway’s Norfund, local investors include NSSF, and the pension schemes from Kenya Power, Barclays Bank, Zamara Fanaka Fund, Co-operative Bank, Laptrust and the Central Bank of Kenya (CBK).

Kitengela International School was founded by Paul Mwangangi and opened its doors on January 5, 2009, with 8-4-4 curriculum mixed day and boarding Primary as well as a fully boarding Girls High School.

It has since expanded to four schools, one of which offers the British Curriculum while the other is a second local curriculum primary school.

“I have always had a passion for education and ensuring that the next generation receives the best. That is what drove us to start this school. We have seen organic growth in the past nine years to where we are today. This partnership with Fanisi Capital will enable us to leap to the next step, and to expand our reach and capacity without compromising the quality of education we offer,” said Mwangangi.

This is the second group of schools Fanisi is investing in, having invested in Hillcrest International Schools in 2011.

“Education is a core sector for Fanisi and one in which we are looking to build a network of schools across the region. For Fanisi it is an objective for us to continue to positively impact businesses across the region and we are delighted to make this first investment under our Fund II,” Fanisi Capital Co-Managing Partner, Tony Wainaina, said.

Fanisi’s Fund I, which had Sh5 billion in assets, is fully invested in companies across the region including the Hillcrest Group of Schools and Ngare Narok Meat Industries in Kenya as well as ProDev/Mimex Group in Rwanda, and Sophar in Rwanda among others.

Wazuans are living in an unrelenting Groundhog Day of your rants and essays

Towns to Watch as Kenyans Move Away From Nairobi

https://www.pointpropert...-move-away-from-nairobi

The real estate market in Nairobi has witnessed an emerging trend over the last year in which more and more residents are moving away from the capital and into emerging satellite towns.

These towns are in different counties, but which border the Kenyan capital, where a rapid improvement in infrastructure and affordable housing has resulted in a mass migration from Nairobi.

Satellite cities are small or medium-sized cities near a large town, for instance; smaller towns near Nairobi, Mombasa, or Kisumu.

Most of these satellite towns predate the metropolis’ suburban expansion and are partially independent of the bigger town both economically and socially.

Some of the counties that have benefited a lot due to their proximity to the city include Kiambu, Machakos, and Kajiado, which all have satellite towns considered part of the Nairobi Metropolitan area.

According to HassConsults 2020 Land Price Index report, these satellite towns controlled approximately 60% of property transactions in 2020.

Kitengela 19.1% control, Ruiru 15.1%, Thika 9.4%, Ongata Rongai and Ngong both tied at 7.9% market share of the properties on sale.

For 2021, the investment opportunity within the Nairobi Metropolitan Area land sector lies in satellite towns such as Limuru, Thika, and Athi River; and suburbs such as Ridgeways and Kasarani supported by the relatively high annual capital appreciation of above 8.0%.

Here’s a look at the satellite towns to watch in Kenya’s Real Estate Market in 2021.

Ruiru

With an estimated population of at least 490,000 residents, the town is one of the most heavily populated in the country.

The rapid increase in population has been linked to the infrastructure development along the Thika Superhighway as well as the Northern and Eastern Bypass.

The fast-growing town has also been earmarked for the Nairobi Mass Rapid Transit System making it convenient for people who work in Nairobi’s Central Business District (CBD).

Kikuyu

Following the establishment of a vast road network in the area, Kikuyu is the only town along the Southern Bypass which connects Mombasa Road to the Nairobi-Naivasha Highway.

Coupled with the ongoing expansion of Waiyaki Way, the satellite town has recorded a major boom in demand for residential houses.

Athi River

Located in Machakos County, the town has seen a massive influx of Nairobi residents over the last few years.

The mass migration into Athi River and its environs was so great at some point it was described as a key ‘dormitory’ for Nairobi’s working population.

Satellite towns with high potential

Below are some of Kenya’s fastest-growing satellite towns in no specific order because they are dynamic: Kitengela, Thindigua, Ruaka, Juja, Ngong, Thika, Lower Kabete, Rongai, and Uthiru.

On the other hand, investor demand is expected to apply pressure on land prices in these satellite towns which could lead to a spike in prices.

There is also reduced disposable income among consumers and an oversupply in select sectors which include; the middle – high-end residential sectors.