Imagine Blogs

 63 acres of Nairobi's rime RealEstate, at the gateway to the city. Within it, a stunning 5 star hotel, a modern 4 star busiens hotel with state of the art conference facilities  and exclusive cottages, an international quality 9-hole golf course, a club house with hi-tech gym, a huge shopping mall, the first IMAX in African and lots of parking, Plus a new metropolitan railway line connecting to jkia and the rest of the city.

There's pics, but I have not the cord for this camera, will scan the page later. This is the same week as the Prime Minister announced the government would be ready to tear up the deal on the railways with concessionaries Rift Valley Railways, who have now been asked to set aside $50mn USD in an escrow accoutn to demonstrate the capacity to heal our railways.

 Don't sweat it, it is only a plan, the thingy will sit astride of Ngong Road, and they are still looking for investors.  still, don't you wish they would just fix the damned railways?

You hope things get better soon at RVR, according to the East African, there's   efforts now to make all investors in the company 'lead investors' so that the firm RVR, can raise 50mn USD in a rights issue, a move the paper saysshouldunlock 54mn USD in soft loans from the IFC[ (thanks for the great advice guys!!!)  <----snark] and German kfW.

Now, on RVR, news to me, and maybe to you, a Tanzanian firm called Mirambo, who also  own a stake in VodacomTanzania are said to be ready to put $35mn into the company, while transCentury are willing to pledge $10mn.

All of this towards a $40mn the governments insist must be put at rvr's disposal for investment in the improvement of the railway system. Note the saema article has a Murray Grant of actis the private equity firm saying we need $500mn to be a world class railway. Looks like a tenth of world class will do just fine, if they can find present lead investor Sheltnam's Roy Puffett that is.