East Africa Property Expo

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This weekend, there is an East Africa Property Expo at the Sarit Centre in Nairobi - and what was interesting to see the presentation of several of properties being developed at the Kenya Coast for investors to sign up. Some noted, include:

The African Collection introducing fractional ownership with 1 and 2 bedroom houses in Malindi at Kshs 12.7 million (~$150,000) and Kshs 17.7 million respectively is now 60% sold.

Cowrie Shell  Beach apartments  in Bamburi are expected to be completed in November 2012 

Golden Sand Resort from Elegant Properties will have  1, 2,3  bedroom apartments, hotel and shopping mall in Diani Beach. 

 Milele Luxury Apartments is a development by the Presbyterian foundation (PCEA) near Haller Park, Bamburi, and it has fully furnished apartments including 2 bedroom ones for  sale at Kshs 21 million (~$247,000) 

Ocean 7 developer drawing

Ocean7Kenya is a massive Miami-style development in Mtwapa by the Sun N Sand Group and 3 bedroom apartments are on sale for Kshs 30 million ($352,000).

  

Willow Creek Ranches  are selling 5, 25, 50, and 100 acre land parcels at Kshs 90,000 (~$1,060) per acre for development. The property has  18KM of River Galana running through and other developments like an airstrip and University property nearby.

For more Mombasa and coast area property listings, check out MySpacePropertiesKenya.

The next edition of the expo will be held in Kigali, Rwanda.

Ship Repair in East Africa

There’s an old company located near the port of Mombasa called the African Marine and General Engineering Company Limited - (AMGECO) which is a dry dock ship repair facility, and one of its kind on the East Coast of Africa.

The company has a long history in East Africa, and has gone through ownership and management changes over several decades, but the core investment is the Lloyd's certified giant facility & dry dock which carries out all manner of ship repairs including steel & metalwork, engine servicing, mechanical, electrical, cabin/woodwork, refrigeration/air conditioning and hull-cleaning among others. They also re-stock ships with provisions like food and water.

pic from their website
The facility can handle repairs of various ships including cruise liners, military , cargo, tankers and others in its 40 metre wide berth, and currently they are repairing one of the old Kenya Likoni ferries.

The skilled work and scope of repairs is fascinating, and ranges from light repairs of lifeboats to heavy ship re-building in their dry dock - and it makes for an interesting place to visit in Mombasa if you get the chance