Too many malls sprung up...
In February Kenya as a whole had 53, with 19 in construction, making us the country with the highest number of malls in EA.
We are headed the US way, more than 20 of their malls shut down, some of the ones left are at the brink of death.
It's simple > market saturation due to >> competition, no demand for malls, decreased need, & obsolescence...
Sasa ona