Thika bypass breathes new life into Kamuthi’s Sh3bn project
Members of Kamuthi Housing Cooperative Society admire a model of its Buffalo Hills and Golf Village in Kiambu project in Kiambu County, which has not performed as expected.
This comes at a time when the firm’s officials have embarked on an elaborate strategy to restore confidence by solving the internal challenges that have hit the firm in the recent past.
Established in 1964 as a farmers’ co-operative society with 152 members before amending its by-laws in 2010 to venture into real estate, Kamuthi has been in dire financial straits after investors failed to participate in its projects as envisaged due to the infrastructural challenges.
The future now looks bright for Kamuthi Housing Cooperative Society, whose Sh3 billion gated community project was seriously threatened after it ran into financial problems. Its operations nearly stagnated due to poor infrastructure, but not anymore, thanks to the construction of the new Thika bypass.
The 25km road is part of the linkage between Garissa Road and Thika Superhighway and passes just a kilometre away from the firm’s 1,200 acre Buffalo Hills and Gold Village project in Kilimambogo, Thika, whose operations had almost stalled due to inaccessibility as a result of bad roads.
