President William Ruto during the official launch of the Mukuru Estate Phase II-Photo|Courtesy

Parliament approves KSh25 billion to rescue affordable housing projects at risk of stalling

More than 1,700 affordable housing units that were on the verge of stalling will now proceed after Members of Parliament approved KSh25 billion to unlock funds previously tied up in Treasury Bills. The allocation, passed under Supplementary Estimates I for the 2025/26 financial year, is expected to ensure contractors are paid and ongoing projects remain…

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John Mbadi-CS Treasury

Kenya’s affordable housing gets big boost with Sh120b treasury allocation

The National Treasury and Economic Planning Cabinet Secretary (CS), John Mbadi has said the National Treasury has set aside Sh120.2 billion to the housing and settlement sector in the 2025/26 financial year. Mbadi said the move is aimed at bridging the widening gap in home ownership, particularly in urban areas. Speaking during the 4th Kenya…

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