Jomo Kenyatta University of Agriculture and Technology (JKUAT) has acquired 702 acres of prime land close to Thika town. The land was purchased by JKUAT through the Staff Welfare Committee.
Speaking at the official handing over ceremony, Vice Chancellor Prof. Mabel Imbuga applauded the development describing it as the largest venture by the University’s Staff Welfare Committee which gives varsity staff an opportunity to own and develop property in line with Kenya Vision 2030.
The land transaction initiated in 2010, was conducted between the JKUAT’s Staff Welfare Committee and Legal Department, Tatu City Property Developers and Kofinaf Company Limited.
While handing over the property to JKUAT, Tatu City Chairman Nahashon Nyagah praised university staff for their entrepreneurial skills in identifying prime properties for development as this will meet the Vision 2030 social pillar goal of providing access to modest housing and accommodation.
Mr. Nyagah who is also the Chairman of Kofinaf Company Limited that initially owned and managed Karangaita Coffee Estate on the property, observed that land is a timeless resource whose value keeps on increasing and therefore, the investors could not go wrong due to the high returns on investments.
He further revealed that Tatu City is eagerly awaiting the conclusion of a Memorandum of Understanding (MoU) between them and the University regarding collaboration in architecture, building science, land development, landscaping, conservation of wetlands and efficient land use.
In response, Prof Imbuga confirmed that the university was finalizing on the MoU in preparation for signing by both parties. The MoU will be beneficial in presenting learning and sharing opportunities among JKUAT students and staff.
The ceremony was attended by Deputy Vice Chancellor, Research Production and Extension, Prof. Esther Kahangi, Staff Welfare Committee Vice Chairman, Professor Kamau Ngamau, Registrar, Administration Planning and Development Mr. Muchai Mbugua, Legal Officer Vivian Waithaka and Staff Welfare Committee members.