Ruiru based firm-Dhahabu eyes agribusiness, issues 2,500 titles

Says move inspired by growing opportunities locally and global markets.

In Summary

•Dhahabu Land Limited has land investments among them in Malindi ,Matuu and Nanyuki.

•Rising land prices in Nairobi have been pushing buyers and investors to settle towns and other towns across the country. 

Customers register to receive their titles deeds/ HANDOUT
Customers register to receive their titles deeds/ HANDOUT

Real estate firm-Dhahabu Land Limited has announced plans to diversify into agri-business in a bid to address food security in the country.

It also eyes the international export market. 

The firm which operates from Ruiru, Kiambu county deals with selling commercial and residential properties.

According to the firm, there is a need for a collaborative approach between the private sector and the government to mitigate climate change,  and at the same time pursue avenues that can accelerate the country’s bid to be food secure.

"We want to work with the government to make sure there is food security and as we launch this project soon, please support us,’’ chairman Joseph Chege said during an investors meeting.

The firm handed over 2,500 title deeds to its clients.

Chege noted that the diversification will also see the company boost earnings to investors who after buying land, can venture into farming either as an individual or contracted farming.

The move to diversify into agribusiness is inspired by the growing need and market opportunities both locally and in the global sphere, the chairman said.

"There are a lot of opportunities in agriculture and we are ready to work with the government and other willing partners to make this dream a reality,’’ Chege added.

Dhahabu Land Limited has land investments among them in Malindi ,Matuu and Nanyuki.

"At Dhahabu Land Limited we have properties from as low as less than Sh 100,000  and this is to accommodate all members who may want to invest in us and own a piece of land,’’ management said.

The high cost of land, especially in the Nairobi metropolitan area has pushed buyers to seek alternatives in satellite towns and other parts of the country.

According to the company, skyrocketing prices of land in Nairobi metropolitan areas have seen them sell over 2,000 acres of land in Matuu, Malindi, and Nanyuki, to over 1000 buyers.

July this year, HassConsult which conducts quarterly property index pricing noted that land prices in Nairobi’s surrounding towns such as Juja, Kiserian,Syokimau, Tigoni and Ruiru recorded the highest jump in quarter three of this year.

This was driven by a high demand by developers and individual buyers seeking to set up residential and commercial developments, where for instance, the reports say, an acre of land in Juja goes for Sh  18.5 million.

Prices are also driven by emerging opportunities in retail, manufacturing

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