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NAIROBI, Kenya March 18-Centum Real Estate Limited has appointed Kenneth Mbae as its new Managing Director effective March 17, 2022. Mbae will take over Kenya breaking news | Kenya news today |
Centum project invests Sh5.5bn in Kilifi economy
Thursday June 10 2021
By KEVIN ROTICH
Centum’s #ticker:CTUM mixed-use development in Vipingo at the Coast has injected Sh5.5 billion into the Kilifi economy, creating more than 3,000 jobs in the past two years.
An impact survey commissioned by the firm shows that the ongoing construction of a 10,000 square feet shopping mall, food processing factory, warehouses, and a water desalination plant have generated the jobs for an area that was previously not offering locals stable employment. The survey was conducted last month.
The construction work has created 1,500 direct jobs and an equivalent number of indirect jobs, the survey found.
THE STANDARD By
Kamau Muthoni |
February 21st 2021 at 00:00:00 GMT +0300
Interior view of a housing unit constructed by Vipingo Development Limited. [Omondi Onyango, Standard]
A real estate development firm has urged the High Court in Milimani to throw out a case filed by a Kilifi resident claiming part of its 10,000 acres.
Vipingo Development Limited in its reply to a case filed by Wycliffe Tembo Mwangombe and a lobby Bambani Community Based Organisation, argue that the petitioners are trying to hoodwink the court to believe that Rea Vipingo Plantations Limited surrendered 4,000 acres of land to the government in 2001 while it actually sold and transferred ownership of 10,254 acres to the Centum subsidiary for development 14 years later in 2015.