Tuesday July 9, 2019-Kenya has secured commitments from foreign investors to build more than 300,000 affordable housing units as part of the Government’s Big Four Agenda.
Multinationals in the two countries have pledged to invest in the affordable housing scheme spearheaded President Uhuru Kenyatta.
Transport and Infrastructure Cabinet Secretary James Macharia said two Qatari firms have committed to construct 200,000 houses while a Chinese multinational will build at least 100,000.
The development follows a visit by the minister to the two countries.
“Discussions with the Qatari investors are progressing. This will go a long way towards achieving the Big Four Agenda target of building 500,000 affordable homes across the country,” the minister said.
Macharia held talks with Qatari Prime Minister Abdullah bin Nasser bin Khalifa Al Thani and the country’s Transport and Communications Minister Jassim bin Saif Al Sulaiti on issues concerning the strengthening of cooperation between the two countries.
Macharia also attended the coordinators meeting of the Beijing Forum for China-Africa Cooperation (FOCAC) in Beijing where the Chinese pledged to build 100,000 housing units in the Affordable Housing Scheme.
The Kenyan DAILY POST