Sharp Daily
No Result
View All Result
Saturday, July 19, 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

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
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025

LATEST STORIES

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

The Importance of Asset Diversification on Kenyan Pension Funds

July 18, 2025

Park your money where it grows: Why more Kenyans are turning to Cytonn Money Market Fund

July 16, 2025

Strategies to boost alcohol and tobacco tax revenues

July 16, 2025

Kenya’s reactive monetary policy

July 16, 2025

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 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