The Waterfront Karen

[Aviator]

our policies don’t favor manufacturing at least not by locals

Word!
And then you see Mlevi1 yapping on TV how the gavament has made it easy to do business in ke and wonder if you are in the same country.

 

[The.Black.Templar]

Waah, na vile wamekashifu hio supermarket in that letter banae

 

[Ubongo]

Kuna kasupermarket ingine ilifunguliwa hapo NIBS , haina space, sidhani pia wao wataenda sana

 

[neloangelo]

Just imagine what that money they used could have done if they for example started a meat processing plant.
But sometimes you can’t blame these rich folks because our policies don’t favor manufacturing at least not by locals!

I doubt most of these looters know how to run a successful business. They like choosing easier options like building malls and building magorofa.

 

[Kdawg254]

I doubt most of these looters know how to run a successful business. They like choosing easier options like building malls and building magorofa.

But for this family(Muguku) specifically they’ve been running a successful chicken business for decades so am sure they know a thing or two about running a business.

 

[neloangelo]

But for this family(Muguku) specifically they’ve been running a successful chicken business for decades so am sure they know a thing or two about running a business.

That's why I said most since there will always be an exception.

 

[Introvert]

They still have westgate, garden city and one in Mombasa. My guess is kama ni chinese virus they would have exited in all these malls. Waterfront is getting heavy competition from the Hub

Hekaya hekaya.
Waterfront was conceived way before The Hub was a zygote.
Humphrey Kimani akakimbia akajenga mall yake haraka sana. By the time the Mugukus were ready to build, The Hub had already even made Crossroads a ghost town.
There are plans for a golf course, however. Maybe that will save it.

 

[Clyde007]

Hekaya hekaya.
Waterfront was conceived way before The Hub was a zygote.
Humphrey Kimani akakimbia akajenga mall yake haraka sana. By the time the Mugukus were ready to build, The Hub had already even made Crossroads a ghost town.
There are plans for a golf course, however. Maybe that will save it.

True.. actually the Muguku's sold there bulk shares in ekwitii and bought crossroads, former standard chartered HQ(next to Tom Mboya statue) and started planning to develop that area, since it was family property.
But The hub was constructed very fast and opened its doors before waterfront was completed, hence all the traffic was captured by them plus Nakumatt which was in crossroads was dying

 

[kingolonde]

Shoprite exit my by related more to corona or other reasons then waterfronts business viability

I think the problem with most of these foreign supermarkets is stocking a million and one things that are of no use to Kenyans, and then you find poorly trained staff on the same. I have experienced this in their City Mall Branch in Mombasa and swore never to go back!

 

[Johny walker]

A friend who accesses weekly footfall data of these malls was telling me that most of them have seen upto 80%drop of traffic.
Ni luwere

U dont even need a friend right now 4 such in4

 

[$$$]

The only mistake the Mugukus did was to invest in an area without a critical mass of shoppers. Karen, despite being high end, doesn't have a big population density. They would have had a better outcome if they invested that money on a mall in a high traffic location like TRM and Garden city have. Those two malls have enough traffic to survive a recession. You can't build too many malls in a high end address and expect everyone to make money. That mall has less traffic than Buffalo Mall in Naivasha and Westside Mall in Nakuru.

 

[The.Black.Templar]

The only mistake the Mugukus did was to invest in an area without a critical mass of shoppers. Karen, despite being high end, doesn't have a big population density. They would have had a better outcome if they invested that money on a mall in a high traffic location like TRM and Garden city have. Those two malls have enough traffic to survive a recession. You can't build too many malls in a high end address and expect everyone to make money. That mall has less traffic than Buffalo Mall in Naivasha and Westside Mall in Nakuru.

Let me throw a spanner in your argument, a single shopper from karen will spend more in one shopping same as 20 shoppers in TRM ama garden city

 

[Kdawg254]

Let me throw a spanner in your argument, a single shopper from karen will spend more in one shopping same as 20 shoppers in TRM ama garden city

Really? Don’t think mtu wa Karen has as many kids to feed kama mtu ako githurai?
Also the population density ya githurai will offset any monetary advantage ya watu wa Karen?

 

[Tiger Bone]

Garden city mall plus their real estate dead on arrival

 

[Kamau wa Kíríro]

Just imagine what that money they used could have done if they for example started a meat processing plant.
But sometimes you can’t blame these rich folks because our policies don’t favor manufacturing at least not by locals!

There's a contributor to the Daily Nation (Kariuki Muiri)who bemoans the fact that rich Kenyans don't invest in manufacturing that would create more jobs. Instead they invest in real estate which create a one-off casual job opportunity

 

[The.Black.Templar]

Really? Don’t think mtu wa Karen has as many kids to feed kama mtu ako githurai?
Also the population density ya githurai will offset any monetary advantage ya watu wa Karen?

Nope, but they have more money to spend, not just on the basic stuff but also on the none basic stuff, yaani they are more prone to impulse buying

 

[Kdawg254]

Nope, but they have more money to spend, not just on the basic stuff but also on the none basic stuff, yaani they are more prone to impulse buying

Are we talking shopping in the supermarket only or also in the other shops in the mall?

 

[The.Black.Templar]

Are we talking shopping in the supermarket only or also in the other shops in the mall?

Shopping in the whole mall including supermarkets