Thursday May 16, 2019-Nairobi Governor Mike Mbuvi Sonko is now planning to sell prime real estate property in Nairobi to repay the debt that he inherited from previous Governments.
City Hall is trapped in a Ksh70 billion debt that they are unable to service currently and are looking to swap houses owned by the County Government in Nairobi.
They include those in Bahati, Ziwani, Landhies Road, Joseph Kang’ethe, Harambee, Mbotela, New Pumwani, Bondeni, Kaloleni, Uhuru and Embakasi estates.
Others are in Maringo, Jerusalem, Jericho, Lumumba, Ofafa and Mbotela, Pangani, Jevanjee, Bachelors Quarters, Jamhuri, Kabete, Juja Road, Gorofani, Kariobangi South, Huruma and Outering.
The estates to be affected have houses that can be redeveloped given their current dilapidated state.
Most of these houses are currently occupied by county employees.
The house swap will be the second of such transfers after the County council transferred Mariakani Estate to Laptrust in 2013.
The Kenyan DAILY POST