Nairobi, Oct. 15 -- As we honoured the late Raila Odinga on Thusday, one question kept returning to my mind: Is this the end of the road for the Kisumu Molasses plant and for his grand plan of asset repurposing?

That plan was, in essence, a last-ditch effort to convert an unviable industrial asset, weighed down by heavy operating costs, into a high-yield, capital-intensive real estate master development: the proposed Sh120 billion Lake Victoria Marina waterfront project on the former Kisumu Molasses site.

Published by HT Digital Content Services with permission from Business Daily....