Kisumu's Sh120 billion waterfront residential project breaks ground

GulfCap Chairman Suleiman Shahbal with Former Prime Minister Raila Odinga during the construction development sign off event that marks the start of phase 1 construction for the Sh120billion LV Marina masterplanned development in Kisumu on Feb 5, 2025. [Courtesy]

Construction has commenced on Phase 1 of Lake Victoria Marina, an ambitious Sh120 billion mixed-use development in Kisumu backed by former Prime Minister Raila Odinga.

The project spearheaded by GulfCap Real Estate is backed by Mombasa businessman Suleiman Shahbal and is expected to transform the Kisumu city's skyline with a state-of-the-art marina or a small port for leisure with hotels, restaurants, and bars, luxury residences, and world-modern amenities.