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Words from the CEO and The Board of Directors

SCANDINAVIA KENYA DEVELOPMENT LTD. IS LOOKING FORWARD TO A GREAT FUTURE IN KENYA BASED ON THE NEEDS OF NEW HOMES PROVIDED IN THE FUTURE. KENYA HAS AN INCREASE OF ONE MILLION NEW CITIZENS EVERY YEAR WITH A RAPIDLY GROWING MIDDLE CLASS.

First, let me start by sincerely thanking you – our investors, Skeda Invest AB –
for believing in us from the very beginning. With your help, me and my core management team of like-minded and highly professional colleagues, have taken Sweden Kenya Development Ltd. from a startup company to where we are right now, providing our first opportunity for you to invest in our first project..

THE OPPORTUNITY
In Kenya investing in permanent assets like houses is important. Apartments
and other properties are not affected by market fluctuaction as much as other investments.

The population and especially the middle class is growing rapidly and the financial status of this group are getting better every day. There is a great need for housing all over the country. In Nairobi for instance, the need is at least 300 000 new apartments/houses in the near future.
Although investing in Africa can be challenging, it is at the same time an opportunity for great profit. Risks are possible to calculate if you are accurate and the profits will then of course be much greater than if you bet on safe cards.

My “adventure” here in Kenya has been interesting and inspiring. Learning a new country always takes time but it is worth it with the contrasts you discover in different continents. Investing in Kenya with Swedish know-how and quality thinking we believe is a great advantage.
Kenya being the largest economy on Africa’s east coast, is well developed when it comes to IT and the country has relatively good infrastructure. However, much remains to be done and we feel we want to be part of a bright future for Kenya. With abundant possibilities at hand we want to focus on our industry which is the construction sector.

We aim to operate as one of the best developers available building what is in great demand i.e. housing.in the areas we operate.

General information to investors.

Information about Due diligence and buying land

Having qualified and trained lawyers in the organization is really vital. The lawyers make sure that documents are written correctly so that they follow laws to our advantage. We work with Dorothy Tsuma who is knowledgeable in the field. She makes sure to check all “Title deeds” and other documents we come in contact with that need to be checked and ensured about its authenticity. Due Diligence is proof that everything is correct for a purchase of land for example. Purchase transactions almost always go through a lawyer who makes sure everything is in order before money finally reaches the seller.

For examples of important documents, see page 27

ASSURANCE
We comply with the laws and regulations in Kenya, regarding taxes and the working environment legislation applicable in Kenya.

We go through the project a number of times and make sure to minimize the errors that can occur in an initial design and we make the changes that are necessary. Our product is attractive to the Kenyan market thanks to the quality, design and the high value for money that we offer.

In the initial production, we build so-called showhouses to more easily sell our product and to showcase our quality and to give the customer the opportunity to make personal modifications within the regulations that we have decided to be reasonable.

We always do a market survey that determines needs and reasonable price picture.

If you have questions or wonder about something that is not clear, we are happy to answer your questions, see contact information.

Shares in kenya
Buying and dealing with shares in Kenyan companies is like doing it in Europe (similar to UK regulations). The share book is fully digital and that you have full control of your assets and follow under Kenyan law. 

General information about kenya

Population
• 2019 census 47,564,296 (29th)
• Density 78/km2 (202.0/sq mi) (124th)

Tourism
Tourism in Kenya is the second-largest source of foreign exchange revenue following agriculture. The Kenya Tourism Board is responsible for maintaining information pertaining to tourism in Kenya.
The main tourist attractions are photo safaris through the 60 national parks and game reserves. Other attractions include the wildebeest migration at the Masaai Mara, which is considered to be the 7th wonder of the world; historical mosques, and colonial-era forts at Mombasa, Malindi, and Lamu; renowned scenery such as the white-capped Mount Kenya and the Great Rift Valley; tea plantations at Kericho; coffee plantations at Thika; a splendid view of Mt. Kilimanjaro across the border into Tanzania and the beaches along the Swahili Coast, in the Indian Ocean.
Tourists, the largest number being from Germany and the United Kingdom, are attracted mainly to the coastal beaches and the game reserves, notably, the expansive East and Tsavo West National Park, 20,808 square kilometres
(8,034 sq mi) to the southeast.

Economic summary
GDP $41.84 billion (2012) at Market Price. $76.07 billion
(Purchasing Power Parity, 2012)
There exists an informal economy that is never counted as part of the official GDP figures.
Annual growth rate 5.1% (2012)
Per capita income Per Capita Income (PPP)= $1,800
Agricultural produce tea, coffee, corn, wheat, sugarcane, fruit, vegetables, dairy products, beef, pork, poultry, eggs
Industry small-scale consumer goods (plastic, furniture, batteries, textiles, clothing, soap, cigarettes, flour), agricultural products, horticulture, oil refining; aluminium, steel, lead; cement, commercial ship repair, tourism

Trade in 2012
Exports $5.942 billion tea, coffee, horticultural products, petroleum products, cement, fish
Major markets Uganda 9.9%, Tanzania 9.6%, Netherlands 8.4%, UK, 8.1%, US 6.2%, Egypt 4.9%, Democratic Republic of the Congo 4.2% (2012)
Imports $14.39 billion machinery and transportation equipment, petroleum products, motor vehicles, iron and steel, resins and plastics
Major suppliers China 15.3%, India 13.8%, UAE 10.5%, Saudi Arabia 7.3%, South Africa 5.5%, Japan 4.0% (2012)

Updates Project Red pimpernel

First day after…

I want to thank the potential investors for showing your interest in the project and requested the Memorandum to study it. I have sent it

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