The family of late billionaire Nelson Muguku is in talks to sell The Waterfront Karen Mall for up to Sh9 billion.
The 200,000-square-foot mall sits on 13 acres and has Naivas as its anchor tenant.
The African Development Bank has approved a Sh44.5 billion loan to support Kenya's economic reforms.
The funding will back public finance reforms, MSMEs, job creation, women's economic empowerment and green growth.