Sharp Daily
No Result
View All Result
Thursday, December 25, 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 Real Estate

Selfish dealings threaten Ruto’s affordable housing agenda

Kennedy Waweru by Kennedy Waweru
November 10, 2023
in Real Estate
Reading Time: 2 mins read
Courtesy of the Star

Courtesy of the Star

President William Ruto’s commitment to affordable housing in Kenya, a central aspect of his electoral agenda, is encountering skepticism and scrutiny. The recent delivery of the Buxton Estate, a flagship project launched in 2021, has sparked concerns regarding potential self-serving practices that may compromise the Affordable Housing Program (AHP) as a whole.

Senator Chute Mohamed of Marsabit, a member of the Parliamentary Committee on Roads, Transportation, and Housing, has expressed reservations about the authenticity of the AHP. In a recent Assembly session, he criticized the government’s practice of providing land for projects without charge, only to sell resulting properties at prices deemed unaffordable for the average Kenyan citizen.

Senator Chute raised questions about the calculations behind this strategy, highlighting a significant gap between the government’s generous contributions and the apparently high market prices of the completed housing units.

Specifically citing the Buxton project in Mombasa, Senator Chute alleged that, despite being built on government-provided land and enjoying tax incentives, the housing units were being sold at prices significantly exceeding their market value. He suggested a potential fraudulent scheme, emphasizing the disproportionate profits made by developers in comparison to Kenyan landowners. He also warned of potential long-term consequences, including the depletion of government-owned lands intended for development.

RELATEDPOSTS

Tanzania’s independence day 2025: a nation mourns as celebrations give way to crisis

December 9, 2025

Kenya’s middle-income jobs grow: 1.5 million now earn above Sh50,000 monthly

December 5, 2025

The criticism escalated when Mombasa residents filed a petition expressing concerns about the affordability of the housing project in their area. Disturbed by the perceived disparity between government incentives and final property prices, residents brought their grievances to the attention of the Senate committee.

An investigative report by the Roads, Transportation, and Housing committee faulted the Mombasa County government and the developer, Gulf Cap Africa Investment Partners Ltd, for a deal that favored the developer over the rights of former tenants. The report highlighted concerns about the negotiation process, alleging that the county failed to adequately protect the interests of former residents of the estate. The committee recommended the surrender of some units to former tenants, prioritizing those who had been promised but had not yet secured new homes. It also criticized the county for negotiating a lower number of housing units than the original tenants in the old estate, emphasizing the need for a fair tenant purchase scheme.

The Senate committee’s report further exposed inconsistencies in the cost of housing units at Buxton Estate, with the cost per square meter for one-bedroom, two-bedroom, and three-bedroom units exceeding the standards set by the AHP. These revelations raise questions about the transparency and adherence to the affordable housing framework outlined by the National government.

In response to these issues, the Senate committee made several recommendations, including the priority allocation of units to former tenants, a review of the negotiation process, and the establishment of statutory instruments to guide county governments in engaging the private sector for housing development. These concerns highlight potential self-serving dealings that could undermine the credibility and success of President William Ruto’s affordable housing promise. The government’s actions in addressing these issues will shape the future of the initiative and its ability to genuinely address the housing needs of ordinary Kenyans.

Previous Post

How governments raise money through bond issuances

Next Post

Afreximbank unveils $1 billion fund for African film industry boost

Kennedy Waweru

Kennedy Waweru

Related Posts

Analysis

In duplum rule Kenya: slain lawyer Mathew Kyalo Mbobu wins posthumous victory against Sh69M predatory loan demand.

December 3, 2025
Money

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

November 25, 2025
Analysis

Growing Appeal of Alternative Investments in Africa

November 21, 2025
Crime

Why urban Kenyans are turning to micro-homes and co-living spaces

November 5, 2025
Real Estate

Kenya’s industrial real estate awakening

October 16, 2025
Real Estate

What’s driving cost escalation in construction and how to mitigate

September 26, 2025

LATEST STORIES

As mobile money grows, so does the question of protection.

December 24, 2025

The Economics of Sports, Events, and Entertainment as a New Growth Sector in Kenya

December 24, 2025

How Remittances Are Shaping Kenya’s Domestic Investment Landscape

December 24, 2025

Why Cold Storage and Logistics Are the Missing Link in Kenya’s Agribusiness Growth

December 24, 2025

How Domestic Tourism Is Emerging as a Resilient Investment Sector in Kenya

December 24, 2025

Is Mobile Money Making Kenyans Better Savers or Better Spenders?

December 24, 2025

Overview of the National Social Security Fund (NSSF) Act, 2013

December 24, 2025

Family demands probe into death of former likuyani MP Dr. Enoch Kibunguchy

December 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