Sharp Daily
No Result
View All Result
Saturday, August 9, 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

KUSO president rallies for embattled affordable housing fund

Brian Murimi by Brian Murimi
January 7, 2024
in News
Reading Time: 2 mins read

The Kenya Universities Students Organization (KUSO) says it “staunchly supports” the government’s affordable housing program, despite legal uncertainty around the initiative’s funding.

In a statement, KUSO President Antony Manyara claimed the program represents a “monumental leap towards a future where opportunities are not just a privilege but a fundamental right.”

He asserted KUSO’s “unwavering voice” had “relentlessly advocated for change” in student housing conditions. However, the program’s future remains unclear after the housing levy funding it was ruled unconstitutional in November.

“KUSO, as the unwavering voice of thousands navigating these hardships, has relentlessly advocated for change,” Mr Manyara said. “While promises of 2021 dissolved into thin air, the strides made in 2023 towards inclusive student housing in the national plan offer a glimmer of hope.”

RELATEDPOSTS

More cuts on Kenyan’s payslips as Parliament greenlights affordable housing program

March 15, 2024

Government Directive: Vacate orders issued for six Nairobi estates within two months

March 1, 2024

The affordable housing program aims to build 500,000 low-cost homes to tackle Kenya’s housing shortage. President William Ruto made it a key pledge during campaigns.

But judges said issues around management of the housing fund from a levy on higher earners and lack of legislation were unconstitutional.

Despite this, Mr Manyara urged the president to show “leadership in the face of criticism” and ensure passage of a new Affordable Housing Bill to keep the program on track.

“As the President of the Kenya Universities Students Organization, a bastion of intellect and the national voice of the academic youth, I stand resolutely in support of an initiative that promises a fundamental shift in the lives of our people: The Affordable Housing Levy,” he said.

However, he claimed “political adversaries” had derailed the program by arguing the levy was detrimental to Kenya’s economy.

“In the theatre of governance, opposition forces have rallied against this vital initiative,” Mr Manyara stated. “The Judiciary, too, has cast a shadow over this noble endeavour.”

He argued poor student housing exposed residents to risks of “assault, rape, violence and theft.”

“A mere 16% find refuge within school-provided accommodations, leaving the majority to grapple with slum-dwellings or exorbitant private developments,” the statement read.

Mr Manyara said that despite “scepticism,” the program represented “progress” for students.

“As the resonant voice representing students nationwide, KUSO stands firm on the precipice of progress,” he asserted.

Previous Post

Kenya replaces visas with new ETA, receives nearly 10,000 applications

Next Post

Starlet Wahu murder: DCI says suspect is part of criminal ring targeting women

Brian Murimi

Brian Murimi

Brian Murimi is a journalist with major interests in covering tech, corporates, startups and business news. When he's not writing, you can find him gaming, watching football or sipping a nice cup of tea. Send tips via bireri@thesharpdaily.com

Related Posts

commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Business

Del Monte foods files for bankruptcy in USA

July 3, 2025
News

Private vs Public Pension Funds in Kenya

June 30, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 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