World Trade Centre Hospital

Last updated

Do not confuse with MP Shah Hospital

World Trade Centre Hospital

World Trade Centre Hospital
MTZ Holdings Limited
World Trade Centre Hospital
Kenya adm location map.svg
Red pog.svg
Geography
Location Nairobi, Kenya
Coordinates 01°18′25″S36°44′25″E / 1.30694°S 36.74028°E / -1.30694; 36.74028
Organisation
Care system Private
Type General
Services
Beds150
History
Opened2027 Expected
Links
Other links List of hospitals in Kenya
Healthcare in Kenya

World Trade Centre Hospital (WTCH), is a planned private medical facility in Kenya. The owners of this medical facility are members of the family of Suresh Bhagwanji Raja Shah, the founder of I&M Holdings Limited, a financial services conglomerate based in Kenya, with subsidiaries in Kenya, Mauritius, Tanzania, Rwanda, Uganda and an office in the United Kingdom. [1]

Contents

Overview

The WTCH is a private for-profit hospital with planned capacity of 150 inpatient beds. The hospital is intended to cater to healthcare needs of the growing middle class in the city of Nairobi, the capital of Kenya. [1]

Location

The hospital will occupy 2.5 acres (1.0 ha) in Nairobi Business Park, on Ngong Road, adjacent to Ngong Race Course and Golf Park, in the western suburbs of Nairobi City. [1] This is approximately 11 kilometres (7 mi) west of the city's central business district. [2]

Developers

The developers of this hospital are organized in a joint venture company called MTZ Holdings Limited. The shareholding in MTZ is as depicted in the table below. [1] The entities listed in the table jointly own approximately 60 percent of the stock of I&M Holdings Limited, whose shares trade on the Nairobi Securities Exchange under the symbol: IMHL. [3]

Shareholding In MTZ Holdings Limited
RankShareholderDomicilePercentageNotes
1Minard Holdings Limited Kenya [1]
2Tecoma LimitedKenya [1]
3Ziyungi LimitedKenya [1]

Developments

In January 2023, MTZ Holdings purchased Nairobi Business Park, measuring 16 acres (6.5 ha) at an undisclosed sum estimated to be more than KSh2 billion (approx. US$16.2 million), at that time. [4] [5] In September 2023, the Business Daily Africa reported that MTZ Holdings planned to build a 150-bed "multispecialty hospital" on 2.5 acres of the site. [1]

The planned hospital comprises two basement floors and six floors above ground for a total of eight floors. The construction of the hospital is budgeted at KSh3.24 billion (approx. US$22.1 million). [1]

See also

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References

  1. 1 2 3 4 5 6 7 8 9 Charles Mwaniki (22 September 2023). "I&M Group founders to build Sh3 billion hospital". Business Daily Africa . Nairobi, Kenya. Retrieved 23 September 2023.
  2. ↑ "Road Distance Between Nairobi City Centre And Nairobi Business Park" (Map). Google Maps . Retrieved 23 September 2023.
  3. ↑ I&M Group Plc (March 2022). "I&M Group Plc Summary of Shareholders as at 30th June 2021". I&M Group Plc . Nairobi, Kenya. Retrieved 23 September 2023.
  4. ↑ Victor Juma (4 January 2023). "I&M Bank founders buy Nairobi Business Park after CAK approval". Business Daily Africa . Nairobi, Kenya. Retrieved 23 September 2023.
  5. ↑ Mfonobong Nsehe (4 January 2023). "Kenyan billionaire Shah family, other investors purchase Nairobi Business Park". Billionaires Africa. Lagos, Nigeria. Retrieved 23 September 2023.
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