For Online E-newspaper
Daily Nation : February 22nd 2014
SATURDAY NATION February 22, 2014 BUSINESS PLAN | Money will be handed to the National Lands Commission to give it to specific people Lamu residents displaced by Lapsset to get Sh1.5m an acre Danson Mungatana says the national government has already wired over a billion shillings to Kenya Ports Authority for the compensation BY KALUME KAZUNGU @KalumeSamuel firstname.lastname@example.org land will be taken over for the construction of the proposed Lamu port. This is according to Kenya O Ports Authority board chairman, Danson Mungatana. Addressing the public at Mokowe Arid Zone Primary School during the handing over of three classrooms built under the port’s sponsorship, Mr Mungatana said identification and verification of the land owners was ongoing and urged the residents to be calm but vigilant. He said the national gov- ernment had given the port’s authority over a billion shillings. “As I stand here to represent the President of the republic, let me make it clear that justice has to be done to Lamu people who were affected by the Lamu Port South Sudan Ethiopian Transport Corridor (Lapsset). Compensation is a very simple thing and I am assuring you that BACKGROUND The Lapsset explained The Lamu Port, South Sudan, Ethiopia Transport corridor (Lapsset) is a flagship of Kenya’s development blue print, Vision 2030. It will link Lamu town on Kenya’s coast to Juba, South Sudan, 1,700 kilometres away. Lapsset combines a new port at Lamu, 2,240 kilometres of oil pipeline from Lamu to South Sudan as well as a road and railway to western Kenya and South Sudan. It also envisions con- structing road and rail links to Addis Ababa, Ethiopia, through Moyale. Also projected in the plan is an oil refinery, three international airports at Lamu, Isiolo and Lokichoggio, as well as three resort cities along the rail line at Lamu, Isiolo and Lake Turkana. ver a billion shillings will be used to compensate Lamu residents whose KCB ARM GETS INVESTMENT BANKING LICENCE Licensing of KCB Capital shows that Kenyan market is advancing, says CMA chair Kung’u Gatabaki. Page 31 Housing Finance signs Sh1.2bn deal to build houses in Kiambu County BY NATION CORRESPONDENT Housing Finance has signed a Sh1.2 billion deal with a private developer to construct 220 housing units in Kiambu County. The mortgage lender will con- struct the houses in agreement with owners of Gretsa University in Thika who have come up with Kahawa Downs Development Estate project. The East Africa Development Bank has signed a Sh620 million loan to finance the Sh1.2 billion Kahawa project. EADB has previously invested over Sh7 billion in the construction industry in the region. EADB director-general, Ms Vivienne Yeda, said the bank will continue supporting the real estate market to create affordable housing. “We are aiming to satisfy the KEVIN ODIT | NATION Kenya Ports Authority chairman Danson Mungatana (right) with Lamu County governor Issa Timamy (left) during the official opening of three classes at Mokowe Arid Zone Primary School in Lamu yesterday. Mr Mungatana urged the county government to speed up compensation of locals. all the affected will be compensated immediately after our consultant finishes verification” said Mr Mungatana. The KPA chairman noted that every acre of land that was taken away to build the Lamu Port will attract Sh1.5 million. He, however, warned people, including public servants who claim to be part of the affected that verification will be done and if they are found to be bogus, they will be prosecuted. “I know that compensation in- volves a huge sum of money and this is also the time for ‘sharks’ to open their mouth expecting a share. Please, if you are fake or a public servant and you want to illegally make a business deal with this issue, you should know that verification is underway. We will get you and prosecute you,” said Mr Mungatana. He noted that only 140 fami- Number of families that have already been identified for compensation 140 ‘‘ BY NATION CORRESPONDENT East African Portland Ce- ment is looking to expand its business to Tanzania and also add a new plant in Kenya as it eyes a bigger market share. Addressing a press confer- ence yesterday at the EAPCC offices in Nairobi, the new board chairman Bill Lay (left) said that he intends to make the firm the leading supplier of construction materials in the region: “We are looking at possible opportunities for the company to major in which include the standard gauge railway among others,” said Mr Lay who expects to hold his first board meeting next week. For three years now, the cement maker has been embroiled in leadership crisis, a situation which the firm’s managing director Kephar Tande All the affected will be compensated immediately after our consultant finishes verification,’’ Danson Mungatana lies have been identified and are expected to be compensated. Mr Mungatana said iden- tification and verification of the affected was left to be done by the land consultant in conjunction with the county government. Construction starts KPA is only waiting for the final report and then hand the money to the National Lands Commission chaired by Dr Muhammed Swazuri to compensate the families, he added. He urged the county govern- ment to speed up the verification so that compensation is made soon possible before construction of the port begins. Mr Mungatana, however, promised to ensure KPA fully cooperates with the county government in ensuring the Lapsset project is a success. Portland plans to open new plant, eyes Tanzania market who has seen his term renewed for another three-year term said has hurt the firm’s brand. On Thursday, the High Court upheld the appointment of Mr Bill Lay as the company’s board chairman by President Uhuru Kenyatta. The previous chairman Mark Karbolo had moved to court challenging Mr Lay’s appointment. “We’re looking to increase our manufacturing capacity, so we’ve been exploring setting up a manufacturing company in Kajiado County,” said Mr Tande adding that he firm is carrying out a feasibility study on the project. EAPCC is seeking part- nership with a company in Tanzania to distribute its products starting June this year. “We expect that at the end of the five years we should be a leader in the construction market in the region,” said Mr Tande. faster growth of the middle class, which currently is estimated at 45 per cent and presents a real business opportunity for both the private and public sectors.” 29 We are aiming to satisfy the faster growth of the middle class, which currently is estimated at 45 per cent” EADB boss Vivienne Yeda Housing Finance managing director Frank Ireri said the project is in line with the bank’s move to bolster real estate in counties through public-private partnerships. This is the second joint venture by Housing Finance with owners of huge tracts of land, the first being construction of 328 units on a 5.6-acre piece of land in Riruta. In the agreements, landowners contribute land as capital into the project. “We are currently financing large-scale projects through such partnerships; the units under construction will comprise of two and three-bedroom apartments for sale at Sh5 and Sh6 million respectively,” said Mr Ireri. Construction of the houses op- posite Kahawa Barracks, Nairobi, has begun in a 5.2-acre land and is expected to be complete by December 2015. Housing Finance is increasing housing development in every county in line with the government’s strategy to develop 200,000 units annually. The housing industry is currently growing at 206,000 units a year with 82,000 of them springing up in urban areas.
February 21st 2014
February 23rd 2014