Amica Ventures Ltd,an investment subsidiary company of Amica Savings & Credit(formally Murata Sacco) has a flagship project of a “Modern shopping mall that will be built in Kenol town, Murang’a county on a prime 3 acre piece of land touching the Nrb-Nyeri highway.”
The proposed mall to be known as Amica Business Centre,will be a 3 storey complex with a basement parking and a roof top for an open barbeque. The mall will have 264,308 square feet of space available for leasing.
To actualize this investment, Amica Ventures offers ltd offers 15m shares valued at 100/- to members and selected groups of investors for a guaranteed lifetime return on investment of up to 10% p.a.
The offer to invest in this modern mega structure is open to everyone from all walks of life with as low as Kshs. 10,000(100 shares) and highs of Kshs. 10 million (10,000 shares).
I would rather invest in three stocks yielding 10% in dividends. That way, I am diversified, can liquidate my investment easily and my money is safer than in such a project being piloted by a little known entity. Also, as dividend cheques roll in I will be seeing actual capital gains
Well at least they haven’t promised some extraordinary returns. 10% p.a is reasonable. There is room for such small malls in the counties. That said a further scrutiny of the sacco financials is mandatory before any investment is undertaken.
Hapa tunacheswo. Why would they not want to take some loan to complete the project? Its a ploy to tie down the peasants so that the moment the mall is finished, the will be told, see! there is your mall! now go patronizeit so that we get returns.
The average shopper in Kenol wouldnt even require a supermarket.
hahaha. Very true.
I thought of it that way too.
Getting a supermarket to be an anchor tenant itakuwa shida ata. The popular Magunas recently closed a large branch in Murang’a County bado.
Tho BTW the place would be ideal for guys travelling to Embu,Meru,Nyeri and others parts of Central Kenya.
Alafu that 15m shares translates to about 1.5 Billion. I think farmers will fund the whole thing.
Do we really need more banks? Let them grow organically as a micro finance. Retail banking is over saturated. Let them stick to SME’s financing as a niche market.
Their words “Challenging Macroeconomic and Fiscal situation” - Dont see it happening in Kenya yet although you never know. If it does happen the government cannot borrow to build infrastructure.
Am not. Kenol is home to lots of civil servants and other lower middle level income earners from Thika town,makuyu,mananja, kambiti and environs because of the low cost of living. However,this guys do the weekly bulk shoppings from Thika town where they are assured its a one stop shop. The mall might serve to offer the solution to what has deficiency in this very fast growing sub urban town