In Summary
  • MKU, Kenya’s largest private university by student population, ventured into real estate and hospitality market after hard economic times hit institutions of higher learning.

  • Mr Simon Gicharu, the MKU founder, said Nyali Golf View Residence was built at a cost of Sh600 million.

Kenya Ports Authority managing director Daniel Manduku has challenged investors to tap the huge business potential presented by tourism at the Coast.

He said investing in world-class hospitality shouldn’t be seen as a preserve for foreign investors.

Mr Manduku spoke when he officiated the launch of the Mount Kenya University-owned Nyali Golf View Residence, a multimillion-shilling mixed-use facility in Mombasa.

“There is a myth that investors come in light shades and that they should come from other nationalities. But today MKU has debunked that myth and showed that an investor is someone who is willing to take risk and put money where there is the most opportunity to get good returns,” Mr Manduku said.

The 13-floor building, which is located in the upmarket Nyali area, has premium class serviced apartments, a fitness centre, a restaurant, swimming pool and a penthouse. It also boasts a presidential suite.

'HARD TIMES'

MKU, Kenya’s largest private university by student population, ventured into real estate and hospitality market after hard economic times hit institutions of higher learning.

Mr Simon Gicharu, the MKU founder, said Nyali Golf View Residence was built at a cost of Sh600 million.

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