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Do gated communities make economic sense?

NAIROBI: A number of counties have been in the news lately for building costly gates. They are following a well-beaten path: building gates has become the in-thing in our institutions and real estate developments.

One of our status symbols is living in a gated community (the others are hyphenating your name, particularly for ladies married to foreigners, and being a dual citizen). Gated communities restrict access to a chosen few.

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