A government bond is a debt security issued by a government to support government spending and obligations. Investopedia.com In my understanding, a government bond is where the Government borrows money for infrastructure and recurrent expenses like paying salaries etc. They call it budgetary support. Imagine having to borrow money to consume and some of the money meant for infrastructure goes...
First published in November 2013 There was an investor forum in Nyeri county a while back and some of the dignitaries in the meeting asked the Nyeri county Governor to emulate Dr Alfred Mutua, the Governor of Machakos county. Every one seems to be singing praises of Dr Mutua, myself included, but maybe a critical look into his ambitious plans for Machakos might open our eyes to the harsh reality that he...
First published on April 1, 2014 in the Daily Nation Speculators who have bought land close to the planned Konza Technology City may be in for a rude shock as the government implements stringent physical planning guidelines for the area. A local physical development plan for the 252km square buffer zone around the planned city has set minimum plot sizes that may restrict land owners from developing their...
Post first published in July 9, 2014 I normally charge for this information but today am going to let the cat out of the bag. I got a phone call from my childhood friend’s mom. She asked me, “my son, where are people buying land?” I gave her several options and while I talked, she told me, “ you need to come and talk to the church members about these options.” She went ahead to mention the...
Ever since Jane Wangui and her husband bought their home in Lower Kabete, Nairobi, it has been a cat-and-mouse game with the seller. For seven years, they have pursed the developer to hand over the land titles, to no avail. They have hired lawyers to follow up on the case, but “they vanish along the way”. “We don’t know why these lawyers disappear,” she says. Together with 11 buyers, they each...