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Kenya’s NHC eyes malls development to drive earnings

NAIROBI: National Housing Corporation has announced that it will venture into mall development, which has better returns than building homes, in a shift in strategy that could be a deviation from its primary objective.

 

The firm’s new managing director, Andrew Saisi, said yesterday that returns on commercial development outweigh profitability in constructing homes, a segment that is currently experiencing an acute shortage.

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