Fusion eyes private sources in funding Sh2bn Meru mall

Fusion Capital will fund the Sh2.3 billion mixed-use development in Meru County from privately raised cash and only use debt as a last resort, its chief executive Luke Kinoti has said.

This comes after the company achieved only 38 per cent success rate in a bid to raise the cash through a development real estate investment trust (D-Reit). The loose target was to reach 50 per cent of the overall amount.