Movie lovers in Kenya on Tuesday woke up to the sad news that the popular 20th Century IMAX movie theatre located along Mama Ngina Street in the Nairobi CBD has officially shut down operations.
According to an announcement published on today’s dailies, the landlord of Century Plaza building directed auctioneers to recover property from the entertainment joint after they defaulted their rent.
The auctioneers plan to immediately sell off the items to the highest bidder as noted further in today’s classified.
“On Wednesday 15th July, 2020 at 20th Century Plaza – Nairobi CBD starting from 11:00 a.m,
“A huge assortment of Movie Theatre Equipment i.e (long list included) and Bar and Kitchen equipment available. A detailed list shall be provided on the auction day,” it reads in part.
Images circulating in the afternoon showed IMAX’s former home in the CBD swept clean as the ruthless auctioneers ensured nothing on the landlord’s demand list was left un-ticked.
The experts’ recent warnings to Uhuru Kenyatta and his government that the the economy cannot be cheated seem to have come true.
Ever since the deadly COVID-19 virus invaded Kenya in March, the already struggling economy was burdened even further, even as some of the top most experienced financial experts in the country kept repeating advise to the regime’s deaf ears.
As a result, the layoffs previously witnessed since Uhuru’s re-election have now more than doubled, leaving hundreds of Kenyan families with no source of basic income.
The chicken, like they say, seem to have finally come home to roost.
Will the president’s latest decision to open up the borders help easen the current tough financial situation?
Effects (whether positive or negative) are highly unlikely to be instant but time will tell.
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