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Malls go bust on fairy tale of growing middle class

PHOTO:COURTESY

A few weeks ago, tenants at the Point Mall in Buru Buru, Nairobi resolved to close their businesses. They decried the unusually high rents for a development that attracted few customers.

“We have no problem with paying, but in the short-run they should bring down the rent to attract tenants and make the mall active,” said Florence Murai, one of the tenants.

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