IMAX 20th Century Nairobi CBD auctioned over Sh3.2 million rent arrears

The owners owe the landlord about Sh3.2 million in rent arrears for the movie hall. Photo: Elvis Ogina/Standard.

Kenya’s oldest movie theatre Imax-20^th Century, the only surviving cinema theatre in the CBD is headed for closure. Through a public notice issued this week, Arfa Afra Ltd, the company running the theatre has been issued with an auctioneers notice that will see movie theatre equipment such as projectors, TV sets, power back-up units, roof and wall-mounted speakers, POS, and seats as well as kitchen equipment disposed of. The public auction has been set for Wednesday 15, next week.

According to sources, the owners owe the landlord about Sh3.2 million in rent arrears for the movie hall. Standard Entertainment has learned that most of the dues owed by the Ukrainian IMAX owners are from the last three months – when movie lovers moved away from the theatre due to COVID-19.