Mytown Mall |Kenya’s Urbanization & Real Estate Strategy with Mwenda Thuranira |Business Edition

Mwenda Thuranira, CEO of MySpace Properties and one of Kenya’s most passionate real estate developers, sits down with Barrack to share his remarkable journey in real estate and the future of urban development in the country. With over 20 years of experience, Mwenda reflects on his early beginnings, the challenges he faced in Mombasa’s real estate market, and how he identified marketing gaps that led him to establish MySpace Properties and launch the pioneering Mombasa Homes Expo. He discusses Kenya’s rapid urbanization, predicting that by 2050 a majority of the population will live in cities, and emphasizes the urgent need for proper infrastructure like water management, roads, sewage systems, and modern retail concepts to sustain that growth. Beyond real estate, Mwenda speaks openly about financial discipline, the elusive nature of capital, and the lessons he has learned about using credit wisely while bridging the gap between financial systems in Kenya and abroad. From modernizing kiosks to designing retail spaces in Karen, he shows how innovation and foresight shape vibrant communities. This episode is a deep dive into entrepreneurship, resilience, and the bold vision required to transform Kenya’s urban future. Help Shape the Future of Financially Incorrect – Take Less Than 5 Mins: https://shorturl.at/3iiJZ Want to Be Featured on Financially Incorrect? Apply Here: https://forms.gle/5tkdjgx9vHgXyJSC6 💹 Ready to start trading? 🔍 Who is FXPesa: https://shorturl.at/rWFqC 🎓 Learn how to trade: https://shorturl.at/xR2Ye 📊 Try a demo account: https://shorturl.at/izDMc 💸 Open a live account: https://shorturl.at/Od2ux CHAPTERS 0:00 Intro 1:10 Guest intro 8:15 What secrets haven't been uncovered in the real estate industry? 12:46 What do you think will happen to Kilimani/ Kileleshwa in the next couple of years? 16:45 Debunk the myth - is it cheaper to buy land and build a house or is it cheaper to buy a house already built? 19:47 Your most interesting money story 22:35 Where did you grow up and how did you grow up? 27:14 What problem were you solving? 30:00 How does it cost to put up a project? 32:20 Any specific money lessons you got growing up? 36:40 Why are we investing more in malls? 40:32 Where have you invested your money? 44:30 What makes the mall stand out from the rest? 51:28 Wrap-up