This mall will be sold,waache madeni. See more details here

This mall will be sold,waache madeni. See more details here

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The just completed Lake basin mall in Kisumu is on the verge of being auctioned to the highest bidder, this is due to a loan of Ksh2.5bn borrowed from the cooperative bank to facilitate it’s construction.

The mall is staring at the possibility of being auctioned by its management in order to settle the loan, if auctioned it shall cease to be state owned and becomes a private property. The residents of western Kenya will lose big if it becomes a private property.

The management is now calling on the government to help in repaying the debt and save the multi million investment.

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