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Britam set to build shopping mall on Nairobi’s outskirts
Britam’s chief executive Benson Wairegi addresses the Press at a past event. The firm is diversifying earnings away from the mainstay insurance business. Photo/FILE
Investment firm Britam is set to build a shopping mall along Nairobi’s Mombasa Road, underlining the rising popularity of the mega retail complexes among high-net worth investors.
The firm’s chief executive Benson Wairegi told the Business Daily that the company was buying 10 acres of land near Mlolongo to build a mall, targeting the growing number of middle-class Kenyans building homes in the south east of Nairobi.