New Wave of Auctions Hit Kenya’s Wealthy, SHIF Registration Begins This Month


Hello and welcome to the Evening Brief Newsletter where we are watching the auctions with a worry


Situational Awareness: Situational Awareness: Join our expansive community of 19,500 subscribers and get a breakdown of the day’s important stories delivered into your inbox. Join them by subscribing here.


Dropping Revenues

Today’s Daily Nation Newspaper carried seven pages of property (mostly high-end flats and motor vehicles) that have been put on auction.

The most striking building from the line-up was the 7-storey Shelter Afrique House along Mamlaka Road that was put up for auction in its entirety.

Keysian Auctioneers, which was appointed to oversee the auction process, listed 11 other properties that are on auction.

The tower located at the periphery of the city center spots a mix of glass and bronze brown walls in its exterior and the building is a leasehold interest of 94 years with effect from January 1979.

The property has developed a seven-storey office building, basement parking, and an open parking space that are all connected.

11 Other Properties; Keysian Auctioneers is also overseeing the sale of two residential homes in Siaya and another in Kisumu owned by one tycoon.

  • An apartment block in Kisumu owned by the same tycoon was also placed on the chopping board.

The Heat Turned Up; Separately, Garam Investments Auctioneers placed 78 apartments at the Greatwall Gardens in Machakos County on auction.

The notice indicated that all the units were two bedrooms within phases 1, 2 and 3 along Shangjai Road off Mombasa Highway.

The entire parcel has 1,421 three-bedroom apartments and 648 two-bedroom apartments as well as three commercial centers and a school.

Garam Investment Auctioneers also announced that it was auctioning an apartment block at Imara Daima with estimated rental income of Ksh952,000 per month as well as residential homes in Kiambu, Kajiado, as well as Nairobi City.

Another residential flat in Githurai with a monthly rental income of Ksh300,000 is also under auction.

Ex-MP Not Spared: A different auctioneer announced that they were selling a macadamia factory belonging to Kiambu politician Kimani Wainaina popularly known as Jungle. The factory is located in Makongeni, Thika Town in Kiambu County.

Thika Town MP Patrick Wainaina, popularly known as Jungle during past campaign

File

The company on the chopping board sits on a parcel that measures 2.5 acres and has three developed blocks of terraced double-span warehouses.

Other infrastructure includes; a sentry, control rooms and a shared canopy shed.

Plant machinery that will be auctioned together with the property include; a nut pasteurization line, macadamia nut pasteuriser, and nut packing line comprising commercial nut cracking machines.

Wainaina served as Thika Town Member of Parliament before unsuccessfully vying for the Kiambu gubernatorial post in 2022 where he lost to Kimani Wamatangi.


NEWS JUST IN

Agriculture Cabinet Secretary Mithika Linturi survived an impeachment motion lodged against him predominantly over the fake fertiliser

The 11-member team appointed to probe the matter gave the CS a clean bill of health while presenting its findings on Tuesday afternoon.

According to the committee, the three counts against the CS were unsubstantiated. (Read Kenyans.co.ke’s full coverage here)

Also, check out our previous coverage in this newsletter’s previous edition where the CS nearly shed tears defending himself.


Health Changes Abound

After months of constant postponement, Health CS Susan Nakhumicha has assured Kenyans that the government intends to undertake a household registration exercise for the Social Health Insurance Fund (SHIF) this month.

The registration marks the first step for the rollout of SHIF, which is set to replace the National Hospital Insurance Fund (NHIF).

Nakhumicha, however, assured that the registration exercise is expected to go on concurrently with the offering of services by NHIF.

Health CS Susan Nakhumicha during a meeting with striking doctors.

Photo

MOH

What Nakhumicha is Saying: “I flagged off the NHIF asset and liabilities verification exercise aimed to facilitate an effective and smooth transition to the Social Health Authority (SHA). The verification is in line with the Government’s commitment to ensure a seamless transition from NHIF to SHA and one that guarantees continuity of service delivery to the people.”

Yes, But: CS Nakhumicha reiterated the government’s pledge to have the Social Health Authority operational by July 1, 2024, with household registration slated to commence in May.

Catch Up Quick: Initially, the government had stated that the exercise would commence in January and later on switched the dates to March 2024.

Despite both announcements, the registration exercises did not commence, with the Ministry of Health being adamant that the exercise would be completed by June 30.


Here are five other stories to keep tabs on today;


If you enjoyed this newsletter, share it with a friend.


This newsletter was written by Derrick Kubasu and edited by Brian Muuo.

Washington Mito contributed to the content.

Graphics prepared by Adongo Kyalo.



Leave a Comment

Your email address will not be published. Required fields are marked *

×

Hello!

Click one of our contacts below to chat on WhatsApp

×