Konza City is now 10 years old
Personally I do not think it was a white elephant; great ideas mature over
the long term -> cant take 10-50 years.
Rome was not built on a single day – the project needs support from techies
like us and investors.
Konza being of National interest should be a phased 10 – 20 – 30 – 40 – 50
– 60 …. year planned development approach.
Partly I would blame the land/property rush experienced in Kenya btw 2009 –
2012 ; guys inflated prices and no one was there to regulate – this might
have had negative effects some investors planning to go in considering
investors look at ROI which is key to any investment. I cannot see the math
of buying land for 50k and selling it at 800k -> this was obviously not
sustainable; where does such capital come from ? Virtual loans ?
Konza and many other projects are still very viable in Kenya and I have
high hopes my only plea is for the Govt to be at the core of things like
Land, Property and Infrastructure from unjustifiable exploits -> this way
it will encourage investors to settle creating more Jobs which equates to
good security, a healthy and sustainable economic growth.
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On Thu, Jan 3, 2019 at 2:06 PM Odhiambo Washington via kictanet <
kictanet@lists.kictanet.or.ke> wrote:
> Hello listers,
>
> Does anyone know what activities are going on at the famed Konza City or
> it\’s one of those big white elephants??
>
> Brian Gitonga Marete
>
> a post
> 12 hrs
>
> It was obvious that Konza City was a con job from the get go.
> Concentrations of industrial excellence do not sprout up suddenly just
> because physical buildings and infrastructure are around. That is not the
> bottleneck, and anyone can provide that. The real battles of realizing
> something like the proposed Konza city are elsewhere.
>
>
>
>
>
