President Magufuli says the conditions set by the investor amount to selling Tanzania to China.
The new regulations aim to promote sustainable sand harvesting practices.
The suburb is set to outperform the competition, making it a good bet for investors.
Analysts expect real estate investment in Kenya to pick up in the coming months.
Investors have built over 850,000 square metres of retail space across the country.
Land prices in Eldoret town are beyond the reach of most individuals.
Hiring of equipment is a viable option for builders seeking to cut costs.
A quick overview of some of the best shopping malls in Kenya.
Previously, it was extremely hard to find land being advertised in Muthaiga.
The facilities are “easy to plan, build and require less capital” than ordinary malls.