MOUNT Kenya University chairman Simon Gicharu plans to put up a Sh1 billion commercial block in Nakuru, leveraging on the rapid expansion of the town.
He has bought land for the proposed building, he said, but did not disclose the size.
“I am planning to invest Sh1 billion in building a modern business complex in this town because I want to create jobs for young people,” Gicharu said in Nakuru.
The preparatory works are almost complete, he said, with ground-breaking set for August.
Gicharu, however, said he is more forecast on the ongoing construction of MKU's Nakuru Town campus student hostels, set for completion by end of the year.
The Sh400 million, eight-storey block will house an estimated 3,000 students.