Sharp Daily
No Result
View All Result
Monday, December 29, 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

Credit cards in Kenya are they a useful financial tool or a hidden trap

December 29, 2025
News

The importance of an emergency fund

December 29, 2025
News

Why emergency funds are necessary in times of economic uncertainty

December 29, 2025
News

Understanding motor insurance and its financial implications

December 29, 2025
News

Kenyan banks face potential billions in refunds after illegal interest rate changes

December 29, 2025
News

Role of Kenyan banks in contributing to the economic growth

December 29, 2025

LATEST STORIES

Credit cards in Kenya are they a useful financial tool or a hidden trap

December 29, 2025

The importance of an emergency fund

December 29, 2025

Why emergency funds are necessary in times of economic uncertainty

December 29, 2025

Understanding motor insurance and its financial implications

December 29, 2025

Kenyan banks face potential billions in refunds after illegal interest rate changes

December 29, 2025

Role of Kenyan banks in contributing to the economic growth

December 29, 2025

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
  • 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