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Nairobi Metro Region Projects and construction in the Nairobi Metropolitan Region


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Old August 21st, 2017, 04:03 PM   #1381
MaverickElvis
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talk has it occupancy has not yet reached 'pre-peak' ..I'd love to see the interior too
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Old September 12th, 2017, 06:32 AM   #1382
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Those who were curious about the interior of the building. Here's a brief clip first few minutes.

They did a good job on the interior. That garden wall is my favorite....
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Old September 13th, 2017, 05:10 PM   #1383
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I was also in this building for the first time recently.

The lobby area and lifts are very impressive and of a standard that would not look out of place in Dubai. The vertical garden is amazing, a real eye-catcher and natural feature. I hope they maintain it!

The rest of the interiors are poor (on the floors I visited). It amazes me how people can spend so much money on the base building and then be happy working with cheap and nasty finishes (partitions, desks, etc).
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Old December 9th, 2017, 09:59 PM   #1384
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Old January 4th, 2018, 06:46 PM   #1385
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UAP had a very nice fireworks display for 2019 they should synchronize with the rest of the tall buildings and have a really colorful display with a countdown at the top of Britam Tower.
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Old April 2nd, 2018, 01:07 PM   #1386
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I love the lighting
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Old April 16th, 2018, 01:12 PM   #1387
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Old October 17th, 2018, 06:44 PM   #1388
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UAP has installed two New screens on top of the tower on the Northern and southern side of the tower, which are lit with its logo and Old mutuals too.
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Old October 17th, 2018, 08:49 PM   #1389
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Quote:
Originally Posted by zacmwanzia View Post



Nice sidewalk. Now if we can bury those wires we will be making some progress
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Old October 17th, 2018, 10:55 PM   #1390
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Can the city county govt. emulate that sidewalk across the city!!
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Old January 2nd, 2019, 11:19 AM   #1391
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Taken by

cyrus








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Old March 12th, 2019, 05:38 PM   #1392
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zoomed in from nairobi west




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Old June 20th, 2019, 04:03 PM   #1393
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https://www.capitalfm.co.ke/lifestyl...-mutual-tower/
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Old June 21st, 2019, 10:17 AM   #1394
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"The iconic tower located in Nairobiís financial district is not only a landmark in the area but itís a beacon and testament of UAP Old Mutual Groupís strength, stability, vision and commitment as an integrated financial services champion"


This grabbed my attention.



In the words of that author, skyscrapers such as the Pinnacle, 88 and Palm Exotica serve as a testament of the country's economic strength, stability, vision and commitment as a leading financial hub in Afrika.



I hope the country's bureaucrats can pin that in their bedroom walls to constantly remind them to lobby our authorities particularly the Judiciary to put their house in order to encourage more FDI. That is if they really mean well for the country.



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Old June 25th, 2019, 06:07 PM   #1395
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What's happening with UAP business and its ownership?

See this article about the shareholders wanting a massive selloff at once worth ksh. 3.1 bn, just about the same time a loan and a bond totaling ksh. 5.1 bn falling due.

Wanjui, Muguiyi bid to sell Sh3.1bn UAP stake delayed
UAP Holdings directors Joe Wanjui and James Muguiyi are yet to complete their sale of a combined six percent stake in the insurer for Sh3.1 billion to Old Mutual despite earlier announcements that the transaction was completed in November 2018. The delay in sealing the deal is a signal that it may have been held up by regulatory issues. The transaction was still pending as of last month but UAP expects it to be completed this year. It was not immediately clear whether the delay will have an impact on the buyout price of R437 million (Sh3.1 billion) that had been agreed on by the parties....more

Insurer UAP seeks loan to pay off Sh2bn bond

UAP Holdings is seeking a loan to pay off its Sh2 billion corporate bond that is due for redemption next month. The insurer issued the bond in July 2014 at an annual fixed interest rate of 13 percent to finance its expansion and working capital requirements. UAP says in its latest annual report that it plans to take new loans to settle the bond and a Sh3.1 billion loan from South Africa-based Nedbank. The five-year dollar-denominated Nedbank loan, attracting an interest rate of three months London Inter-bank Offered Rate (Libor) currently at 2.47 percent plus a 3.5 percent premium, is set to be repaid next year. “The directors have instituted the following measures: put in place arrangements to refinance the maturing corporate bond and the Nedbank loan, including negotiations with its bankers and ultimate parent (Old Mutual),” UAP says in the report...more


It is kind of suspicious that the directors of the company want top sell off such a shareholding...they must have inside information that suggests something bad for the future of the business. Not good stuff going on there it seems.
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Old June 26th, 2019, 02:49 AM   #1396
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Nope I think it was Old Mutual interest to increase its footprint into the Kenyan market that led it to purchase UAP shares from the mentioned shareholders.What remains unclear is why the deal hasn't yet gone through but there seems to be an issue of pricing of the shares between the two parties

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