Sharp Daily
No Result
View All Result
Wednesday, November 26, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Rent on all government residentials to increase by 10% starting November

Judd Mutua by Judd Mutua
October 18, 2023
in News
Reading Time: 1 min read

The Kenyan Ministry of Lands, Public Works, Housing and Urban Development has notified government agencies of plans to increase monthly rent on all government-owned residential housing by 10%, according to a letter sent last month by Principal Secretary Charles Hinga and obtained by Sharp Daily on Wednesday.

The proposed rent hike, slated to take effect November 1, would be the first since 2001 for most government housing units.

Hinga said in the September 28 letter to National Treasury Principal Secretary Chris Kiptoo that stagnant rents are limiting the Housing Ministry’s ability to raise its own revenues.

“It remains an avenue that can increase Appropriation In Aid for the State Department in line with the observations made in the meeting held on 22nd September 2023 with you on enhancing AIA for the State Department,” Hinga wrote.

RELATEDPOSTS

No Content Available

The Housing Ministry first notified the Treasury and other agencies of plans to raise rents by 10% in January 2021, but it appears the initial proposal did not take effect. The new request seeks concurrence from Kiptoo to implement the hike next month.

The rent increase would apply to all government agencies provided with residential housing. The Housing Ministry did not immediately respond to a request for comment on how many units would be impacted or how much additional revenue the hike could generate.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Debt dilemma: Kenya’s Eurobond and the sovereignty challenge

Next Post

Report: Kenya defies industrialization trend with services-led growth

Judd Mutua

Judd Mutua

Judd Mutua is a journalist with wide ranging interests ranging from the world of finance to the latest in tech and business news. Off duty you can find him reading his favorite books and manga. Send tips via jmutua@thesharpdaily.com

Related Posts

News

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025
KPLC rolls out new OCR meter-reading technology
News

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025
Entertainment

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025
News

The rapid growth of Kenya’s pension assets

November 25, 2025
News

Why investors are shifting toward long-term government bonds in Kenya

November 24, 2025
News

Kenya and Uganda launch East Africa’s largest steel mill

November 24, 2025

LATEST STORIES

How Interest Rate Hikes Shape Small-Business Investment

November 25, 2025

Kenya’s Retirement Benefits Schemes H1’2025 Performance

November 25, 2025

Understanding midlife crisis

November 25, 2025
KPLC rolls out new OCR meter-reading technology

KPLC rolls out new OCR meter-reading technology to eliminate manual data entry

November 25, 2025

World bank raises Kenya’s 2025 growth forecast as construction sector rebounds

November 25, 2025

Kenyan women defy global beauty standards, surgeons warn against cookie-cutter procedures

November 25, 2025

The rapid growth of Kenya’s pension assets

November 25, 2025

Why investors are shifting toward long-term government bonds in Kenya

November 24, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024