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Kenya: World Bank Approves Sh25 Billion Loan for Affordable Housing
Nation, 1 May 2019
The World Bank has approved a Sh25 billion loan for Kenyans who are unable to access affordable housing finance. Read more »
The multilateral lender says the U.S.$250 million will enable the country to set up the Kenya Mortgage Refinance Corporation, to be owned by the state, commercial banks and financial co-operatives. President Uhuru Kenyatta has said provision of affordable housing is one of his four key priority areas in his second term and aims at providing 500,000 affordable houses in five years.
A newly-built house. Kenyans have opposed the plan by the government to deduct part of workers’ salaries to fund its housing project.
The housing ministry and the Kenya Revenue Authority have announced that the housing fund levy "has come into effect", meaning every employed Kenyan must remit 1.5 % of their basic ... Read more »
President Uhuru Kenyatta's address doesn't seem to resonate with Kenyans on social media, with one Twitter user pointing out that the "president spoke to the nation for a ... Read more »
President Uhuru Kenyatta has delivered his much awaited State of the Nation address at Parliament on Thursday, speaking strongly on matters including the war on graft, the Big Four ... Read more »
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