×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Read on the App
The Standard

How Tuskys’ woes pushed property fund Ilam into loss

By Patrick Alushula | 3yrs ago

Greenspan Mall in Donholm estate, Nairobi. [File, Standard]

Property fund Ilam Fahari I-Reit (formerly Stanlib Fahari) has sunk into a Sh123.95 million loss for the year ended December 2021, after wobbly Tuskys Supermarket defaulted on rent.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in

Related Topics

Tuskys Ilam Fahari I-Reit Stanlib Fahari Tuskys Supermarket
.

Similar Articles

MPs launch probe into State Sh244b Safaricom stake sale
MPs launch probe into State Sh244b Safaricom stake sale
The National Assembly will on Monday kick off a multi-sector inquiry into the government’s controversial sale of a 15 per cent stake in telecoms giant Safaricom to South Africa’s Vodacom.
Business
By Brian Ngugi and Irene Githinji
54 mins ago
Kenya's foreign investment slips as FDIs stagnate at Sh195b
Kenya's foreign investment slips as FDIs stagnate at Sh195b
Kenya’s competitiveness as an investment destination in the region is being edged out by other economies as latest data shows FDI to the country stagnated at Sh195 billion as at the end of 2024.
Business
By Graham Kajilwa
54 mins ago
Nairobi to lead green energy push in Africa
Nairobi to lead green energy push in Africa
Kenya has been appointed to lead renewable energy transition discussions in Africa during a sideline event at the ongoing World Future of Energy Summit in Abu Dhabi,
Business
By James Wanzala
6 hrs ago
Why Kenya's zero-tariff deal with China is up in the air
Why Kenya's zero-tariff deal with China is up in the air
The lapse of AGOA exposed Kenyan apparel to US tariffs of up to 10% Washington now pegs the renewal of AGOA to Kenya abandoning an alternative trade deal with Beijing.
Business
By Brian Ngugi
20 hrs ago
Construction sector growth triples as road projects restart
Construction sector growth triples as road projects restart
Growth in the construction sector more than tripled in the third quarter of 2025, largely attributed to the resumption of road projects.
Business
By Graham Kajilwa
2 days ago
Tea market sells 8.4 million kgs in the weekly auction
Tea market sells 8.4 million kgs in the weekly auction
Mombasa tea auction opened the year trading with 8,416,373kgs of tea offered by four African countries that attracted 48 buyers.
Business
By Boniface Gikandi
2 days ago
Kenyans face pain at the pump as Trump targets Venezuela oil
Kenyans face pain at the pump as Trump targets Venezuela oil
US President Donald Trump has seized two oil tankers linked to Venezuela, including a Russian flagged vessel that was also being escorted by a Russian submarine.
Business
By Macharia Kamau
2 days ago
Economy shows signs of recovery in new boost for jobs and salaries
Economy shows signs of recovery in new boost for jobs and salaries
The growth, while modest, marks a positive turn for President Ruto's administration which is under pressure to deliver on its flagship economic promises ahead of the 2027 General Election.
Business
By Brian Ngugi
2 days ago
How the 52-Week challenge can support new year savings goals
How the 52-Week challenge can support new year savings goals
Writer says structured approaches like the 52-week challenge offer a practical starting point for those looking to make steady progress toward their financial goals.
Opinion
By Samuel Njuguna
3 days ago
Synergy between aviation and tourism can spur growth
Synergy between aviation and tourism can spur growth
Aviation provides the arteries of connectivity that bring people, goods, and capital into the country while tourism provides the demand that fills those routes and sustains investment.
Opinion
By Wausi Walya
3 days ago
.

Latest Stories

MPs launch probe into State Sh244b Safaricom stake sale
MPs launch probe into State Sh244b Safaricom stake sale
Business
By Brian Ngugi and Irene Githinji
54 mins ago
Kenya's foreign investment slips as FDIs stagnate at Sh195b
Business
By Graham Kajilwa
54 mins ago
Nairobi to lead green energy push in Africa
Business
By James Wanzala
6 hrs ago
Why Kenya's zero-tariff deal with China is up in the air
Business
By Brian Ngugi
20 hrs ago
.

The Standard Insider

.

Digger Classified

GET OUR NEWSLETTER

Subscribe to our newsletter and stay updated on the latest developments and special offers!

CONNECT WITH US

FOR THE LATEST JOB ADVERTS

join Digger Classifieds telegram channel
The Standard
© 2026. The Standard Group PLC. All rights reserved