By Our Reporter
National Co-operative Housing Union Chair Francis Kamande has said that only 16 per cent of urban dwellers own houses while the rest live in rented houses.
Kamande said by 2030, at least 50 per cent of Kenyans will be living in towns hence the need to invest in real estate.
“In 2009, out of 10 Kenyans only three lived in towns. Half of Kenyans will be living in urban areas by 2030. Investing in land is the best way to create wealth,” he said.
He spoke during a title deeds issuance ceremony organised by Focus Realtors Housing Co-operative Society at Kagaari Primary where 200 members were issued with the document.
Meanwhile, the society has launched a security firm to fight youth unemployment. “We saw the need to have well trained security guards as way of fighting insecurity in Runyenjes area. The initiative has created employment for youth,” said Blackshield Security Chairman Benson Ndwiga.
The first batch of 25 guards graduated recently.