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Kenya : KENYA'S nomads to venture into real estate development.

Kenya is struggling to contain a serious affliction of a me-too mentality that has ravaged the nation. The me-too mentality has been manifested in the real estate development industry.

Symptoms include organisation in the most unrelated of sectors making plans to venture into the property market. In the past corporations ranging from tyre makers to motorcycle dealers joined the bandwagon.

This affliction has no known vaccine, and no cure. The best is to sit and watch like with every other crisis in the country.

This was after the latest case of the affliction had just been reported when a group of nomads intend to invest in real estate. Residential houses have pooled funds together and we will be building another gated community which will consist of residential houses, a shopping mall, a school and other social amenities.

These nomads are abandoning their nomadic lifestyle and are instead embracing permanent abodes. The houses they ll develop will not be for their own use. They re just just doing what everyone is doing and this has nothing to do with trying to change the way they live.

Since, they have no prior experience, it doesn t matter because the Kenyan culture is to follow the herd and ask questions later.

The announcement by the nomads comes hot on the heels of the confirmation of rumours that a group of cultists have shown interest in real estate development are putting their money in the sector. This sparked rumours that with the way things are going next to join will be the hunter and gatherer communities of Southern Africa.

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Publication:Mena Report
Geographic Code:6KENY
Date:May 28, 2014
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