Nairobi’s New Land Owners Get Title Deeds Property Reality Company

Business mind Aly-Khan Satchu hands a title deed to a young land owner

Hundreds of Nairobi residents are now part of the City’s land owners after they received their title deeds from real estate dealer, Property Reality Company (PRC).

In an event held in Nairobi this past Saturday, PRC handed title deeds to over 100 residents who applied and paid for discounted land offers in Konza, Aberdare View and Oldonyo Ridge. “The idea behind PRC is to let ordinary Kenyans own affordable property in the City. We are really glad that we have made the dreams of hundreds of Kenyans owning land in Nairobi come true,” noted PRC Marketing Manager Keith Kinyambu. “We have had more and more people showing interest in our discounted land ownership deals which attests to the fact that we deliver what we promise,” he added.

This was the second time PRC was handing over title deeds having sold out other land properties in Olduvai, Oletepesi and Serian. The company is currently running a Christmas mega sale offer for the property in Magadi Road, Naivasha, Nanyuki and Mombasa road with 20% discount on all property.

Besides those receiving their title deeds, PRC used the open day to register their next clients who have until 21st of next month to fulfill their desire of owning a piece of Nairobi.

Radio Africa's Caroline Mutoko takes a picture moment with a PRC client

Shaffie Weru who MC'ing the Open Day event

Mejja and Madtraxx entertain the crowd

And That's thesteifmastertake!!

Guaranty Trust Bank Launches, Takes Over Fina Bank Operations

Guaranty Trust Bank plc, an African financial institution with vast business outlays spanning Anglophone West Africa and the United Kingdom, has officially launched banking operations in Kenya.

The bank, which is listed in the Nigeria Stock Exchange (1996), London Stock Exchange (2007) and the Deutsche Borse (2007) and recognized as the biggest bank in Nigeria (by market capitalization), becomes the latest bank to join the ever expanding banking base in East Africa.

Its entry into the Kenyan market makes it the 7th country in the world to welcome the brand with similar launches expected in other East African markets like Uganda and Rwanda.

Speaking during the launch at a Nairobi hotel, CEO and Managing Director of Guaranty Trust Bank Plc. Mr.Segun Agbaje said: “The acquisition of Fina Bank operations in the region makes “strategic sense” for both customers and shareholders. Fina Bank has over the years built an enviable banking institution in East Africa; our combined strengths will help us build an attractive portfolio of leading products, services and marketing capabilities.”

Guaranty Trust Bank secured required regulatory approvals from Nigeria and the three East African countries – Kenya, Rwanda, and Uganda to conclude the acquisition of a 70% stake in Fina Bank Group at a total cash consideration of over USD100 million (about Ksh 8.6Billion, effected through a combination of capital injection and acquisition of shares from Fina Bank shareholders.

Following the acquisition, Fina Bank cedes operations under its own brand with all its branches re-branding to Guaranty Trust Bank. New entities in each of these countries will be known as Guaranty Trust Bank Kenya, Guaranty Trust Bank Rwanda and Guaranty Trust Bank Uganda, respectively.

Headquartered in Victoria Island-Lagos, Nigeria, Guaranty Trust Bank plc has a vast business outlay spanning Africa and the United Kingdom and employs over 12,000 personnel in Nigeria, Cote d’Ivoire, Gambia, Ghana, Liberia, Sierra Leone and the United Kingdom.

Agbaje added: “Over the next few months we will be integrating Fina Bank Group into the Guaranty Trust Bank Group. We assure you that this will not affect our operations or the level of service delivery for existing customers because we intend to keep respective operations in each of these countries both local and international.”

Founder and current Chairman of Fina Bank Group; Mr. Dhanu Chandaria said: “We are delighted to partner with an extremely successful African bank, and with whom we share a common philosophy on integrity, governance and transparency. It is indeed an honour for me to have been approached for a partnership withGuaranty Trust Bank, whose high standards and capabilities we have been able to appreciate over the past 18 months. We look forward to working together in continuing to build the bank, as part of the Guaranty Trust Bank Group, leveraging on our respective strengths and creating a winning combination for all our stakeholders in East Africa.”

And That's thesteifmasterTECH!