Category: Business Daily

We often discuss rights in terms of education, healthcare, or access to clean water. While these are all critical to our survival, and indeed our development, one of the most powerful enablers of dignity and opportunity is access to credit. Unfortunately, this is rarely framed as a human right, and yet, it should be.

Credit is not merely a financial instrument. For millions of Kenyans, it is the difference between survival and progress; between operating at the margins of the economy and building a livelihood with dignity.

Without access to finance, a farmer cannot expand production, a small trader cannot stock inventory, and a young entrepreneur cannot scale an idea into a thriving business.

Kenya has made strides in financial inclusion. According to the 2024 FinAccess survey, 84.8 percent of the population now has formal financial access, with credit usage rising to 64 percent of the total population.

Yet beneath these gains lies a stubborn gap: Many Kenyans, especially women, and those in the informal sector still depend on unregulated sources like chamas (savings and investment groups), relatives, or even shylocks.

While these informal systems are important, they cannot provide the scale or sustainability required to unlock long-term opportunity. For women, rural communities, and micro-enterprises, the barriers are even higher.

This exclusion is not trivial. It systematically denies people the agency to grow, invest, and participate fully in the economy.

A key way of boosting financial inclusion is the adoption of lending models tailored to women, youth, and informal workers. Products designed for chamas, agribusiness collectives, and youth start-ups have made it possible for those without traditional collateral to access financing.

These inclusive models matter in a country where women-led enterprises face a $2 billion credit gap, youth unemployment remains stubbornly high, and the informal sector employs over 80 percent of Kenya’s workforce. Credit, designed inclusively, is the bridge.

The future of credit is not only inclusive but also green. Increasingly small loans are already being extended to households and small enterprises for solar home systems, clean cooking solutions, and water access projects. These not only reduce emissions but also cut household energy costs and improve resilience.

As Kenya positions itself as a green economy leader, community-level green lending will be critical. A small loan for a solar irrigation kit may seem minor in the national balance sheet, but for a farmer, it is the difference between food insecurity and surplus. For a village, it can mean the difference between vulnerability and resilience.

Access to credit must be reframed as a human right. If we can guarantee education, water, or healthcare, why not guarantee financial access-the very thing that allows individuals to pay for these services and improve their lives?

As Kenya works toward inclusive growth and climate resilience, the ability of ordinary people to access and use credit must be treated not as a privilege for the few but as a right for all.

As debates intensify over how Kenya can create quality jobs, strengthen SMEs, and build climate-resilient local economies, development partners are under growing pressure to rethink the way they design and deliver their plans.

For most, the traditional project-based approach has sufficed, with jobless youth, for example, plunged into the deep end of entrepreneurship in a one-size-fits-all approach that assumes everyone is cut for business.

You know Procera gin, don’t you? It’s founded by a guy called Guy, which is your first cue that you’re onto something interesting here. You’ve probably drunk it or at least seen it on shelves. Very handsome bottle.

If bottles could dress up, a Procera bottle would be the guy in designer loafers-or a lady with a sharp chin, sunglasses, and a silk headscarf, flattering in the wind. You don’t throw away a bottle like that. That’s art.

Procera recently held their second cocktail competition at the distillery in Industrial Area. A cocktail competition is basically bartenders under pressure-shaking, mixing, juggling bottles. Fast hands, sharp eyes, creative flair. Taste matters. Showmanship counts. There was also music.

Benjamin Thiong’o took the day. He works at Jekyll and Hyde (I’ve never been). Moves fast. Talks little. Tattoo. He beat 42 bartenders from places like Ole Sereni, Cultiva, Hemingway’s Eden, Craft Chameleon, and Muthaiga Country Club.

Part of the final challenge was five cocktails in 10 minutes. Watching it felt like watching a man defuse a bomb made of ice cubes. I never imagined I would use the words ‘tension’ and ‘cocktails’ in the same sentence. But here we are.

After the dust and citrus settled, and Thiong’o’s back had been patted adequately, Procera announced something called the Procera Cocktail Passport. It’s basically a booklet with the top 17 finalists and their signature drinks. You take it around different bars, order the drink, get a stamp. A bar crawl but with documentation-your mother would approve.

If you manage to fill the whole passport by 30 January 2026, Procera will give you a bottle of gin, some merch, and a guided tour of the distillery, where they’ll explain things you’ll pretend to understand.

You can pick up the passport at any of the participating bars. Or just ask your bartender. If they shrug, that’s your sign to find a better bar. Either way, drink slowly. There’s art in the glass, and life is short-even for gin lovers.

Investment bankers and lawyers who guided Treasury’s sale of a 15 percent stake in Safaricom to South Africa’s Vodacom will pocket nearly Sh2.3 billion in fees, reflecting the advisory earnings surge in the wake of heightened deal-making in Kenya.

Vodacom executives told analysts, in a conference call, that the Safaricom share purchase deal will yield transaction costs of between 200 million rands (Sh1.51 billion) and 300 million rands (Sh2.27 billion), the bulk of which will cover brokerage fees and stamp duty charges.

Earlier, Vodacom disclosures named Stanbic Bank and its investment banking subsidiary SBG Securities among the advisers in the Sh204 billion deal, alongside law firms CDH Kenya (Cliffe Dekker Hofmeyr) and CMS Kenya.

It remains unclear who between Vodacom and the Treasury will shoulder the mega advisory fees, which is a higher-margin and less capital-intensive business unit for lawyers and investment banks.

The disclosed value of deals such as corporate bond issuances, block share transactions, listings on the Nairobi Securities Exchange (NSE) and rights issues has gone up to about Sh370 billion this year, from approximately Sh40 billion last year.

This has seen deal advisers pocket billions of shillings in fees.”Transaction costs are relatively low for a transaction of this size… in a range of 200 million rands (Sh1.51 billion) to 300 million rands,” said Shaun Biljon, the group financial controller at Vodacom Group.”It’s a block trade in Kenya.

So there are various fees that have to be paid-regulatory fees, et cetera. That’s a large portion of that.

The South African multinational is purchasing the six billion Safaricom shares from the government at Sh34 per unit and is also handing Treasury an advance dividend of Sh40.2 billion in exchange for future rights to Sh55.7 billion worth of dividends that will accrue on the government’s remaining shareholding of 20 percent. ‘

At the same time, Vodacom is buying a five percent stake in Safaricom that is held by its parent firm, Vodafone Group, at the same price of Sh34 per share. The entire transaction is expected to conclude in the first quarter of 2026, pending regulatory approvals.

In addition to the Vodacom transaction, this year’s deals include the Sh20 billion Safaricom and Sh16.78 billion EABL corporate bond issuances, the Sh44.8 billion Linzi Finco infrastructure bond, the Sh8 billion private placement by Family Bank, and the Sh2.5 billion Sanlam rights issue.

Others are the listings at the NSE by packaging material maker SKL Group (Sh298 million) and Satrix MSCI World ETF (Sh4.6 billion). Last year, the most prominent deals were Amsons Group’s acquisition of Bamburi Cement for Sh23.6 billion, Linzi Finco’s Sh3 billion asset-backed bond, a Sh6.4 billion rights issue by HF Group and a Sh6.5 billion sale of a 10 percent stake in I and M Group by British International Investment (BII) to PE and Africinvest.

The deal-making could intensify in the coming weeks as banks that are short of meeting CBK’s enhanced core capital limits go to market with rights issues, mergers and private placements to strengthen their balance sheets.

The big ticket deals have yielded millions in fees for market intermediaries, law firms, share registrars and receiving banks.

Stockbrokers also earn additional revenue through commissions at the Nairobi bourse when handling the trades from sellers transferring their shares to buyers.

In 2023, British multinational Diageo disclosed that it spent £4 million (Sh688 million) on transaction fees when buying an additional 14.97 percent stake in EABL. In the Diageo deal, Stanbic was the paying bank, and SBG Securities was the sponsoring broker and lead acceptance agent.

Last year, intermediaries enjoyed another windfall when Amsons Group acquired Bamburi Cement. Amsons, which is controlled by Tanzanian businessman Edhah Abdallah Munif, had appointed KCB Investment Bank as the transaction adviser, sponsoring stockbroker and lead acceptance agent.

Although Amsons is yet to disclose the size of the fees it paid out to the Bamburi deal arrangers, the amount is likely in the hundreds of millions at least, going by the fees incurred by Diageo for a similarly sized and structured transaction when it was buying its additional EABL stake. Other firms advising on the deal included Anjarwalla and Khanna LLP as the legal adviser and Custody and Registrars Limited as the share registrar and processing agent.

Stockbrokers also enjoyed a boost in commission earnings while handling block trade transfers for their clients who were selling their shares to Amsons.

Kenya has built an economy around mobile money and for good reason. M-Pesa alone touches tens of millions of lives daily, making mobile wallets a critical lifeline for both consumers and businesses.

Traditional card-based systems, however robust in other markets, often fail to address these local realities. Businesses that ignore mobile money risk losing sales or frustrating their customers.

Connectivity is another persistent challenge. From roadside kiosks to small retail shops, many businesses operate where internet access is patchy or unreliable. A payments system that depends on a constant connection isn’t just inconvenient, it’s unusable.

Off-line capable solutions, where transactions are captured locally and reconciled once connectivity returns are essential.

Beyond connectivity, markets demand simplicity and clarity. SMS notifications, OTP confirmations and basic messaging remain the lowest common denominator for reaching customers.

They expect instant confirmation that their payments went through and businesses expect a system that reduces reconciliation headaches and speeds operations.

But payment systems in Africa aren’t just about technology, they’re about trust.

Customers want assurance that their money is handled securely, while businesses want systems that don’t leave them second guessing whether a transaction truly went through.

Building trust requires consistency; consistent uptime, consistent settlement cycles, consistent user experiences.

Without that reliability, even the most sophisticated platform will struggle to earn loyalty in a market that still keeps one foot in cash. And then there’s scale.

As Kenyan businesses increasingly expand into regional markets such as Uganda, Tanzania, Rwanda, Zambia the payment challenges multiply. Each country has its own mobile money ecosystem, its own regulatory landscape and its own consumer behaviours.

A Kenyan company operating across borders cannot afford to juggle fragmented systems for every territory. They need are platforms and service providers that would ensure seamless experience in cross border transactions by integrating local mobile money rails and accommodating multi-country operations.

For businesses navigating Kenya’s diverse payment landscape, the lesson is simple; technology must meet users where they are, not where we imagine them to be.

And when it does, both businesses and consumers win.

Improved payment infrastructure helps businesses to access new international markets and facilitates critical transactions.

Art has always been used as a tool to approach uncomfortable topics in society directly, triggering dialogue for change. This year, theatre spoke boldly during the 16 Days of Activism against Gender-Based Violence (GBV).

‘What can start small, on screens – a message, a comment, or a post – can quickly spiral into a torrent of threats and violence in real life. Private photos are stolen without consent. Lies spread in a matter of seconds. Locations are tracked.

AI is weaponised to create deepfakes designed to shame and silence women,’ read a statement by UN Women during the 16 Days of Activism against GBV that culminated on December 10 with the #No excuse for online Abuse. This year, the Italian Embassy, Italian Agency For Development Cooperation (AICS), and the Italian Cultural Institute Nairobi ran a campaign throughout the 16 days dubbed Activate Nairobi. The campaign was carried out through different art forms (film, dance, theatre, and an art gallery).

They started with an art exhibition at the Kenyan National Library’s Maktaba Kuu on Ngong Road, which is where the National Gender And Equality Commission is headquartered.

Next was the screening of The Kamp, a collective of filmmaking refugees from Kakuma. The documentary was based on one of the group’s members, Mary Tariku, a refugee from Ethiopia whose photos were taken from her social media accounts to create a scamming account that solicited unknowing victims for money.

She was discontinued from serving as a Sunday School teacher as a result of the identity theft. A woman also once approached her and threatened her with physical harm for ‘taking money from her husband and leaving the family to suffer.’

The film’s director Chichi Ramadhan said most crime documentaries tend to focus on the perpetrators rather than the victims and they decided to make Mary the focal point because they wanted to show the toll cyber bullying takes on victims.

‘This is her story. We want people to remember her as she also represents other women who’ve undergone digital violence,’ said Chichi, adding that the refugee camps are not so different from the rest of the world.

Mary tried reporting her issue to the authorities, but they stopped following the case barely a month later.

‘I end the documentary by saying, ‘It is very painful, but you must smile again. You must smile again because this is your right and your right is your power’,’ says Mary, who heads a community-based organisation that gives talks to teenage girls.

A dance at Sarakasi Dome in Ngara by Taa Arts Organisation tackled physical violence and the socio-economic restrictions that hold women back.

Janice Nyadida, from the organisation that deals with both visual and performing, expressed that they got inspiration from writings by Italian novelist Sibilla Aleramo, who broke ground by openly writing about women’s struggles, patriarchal oppression, and the need for female liberation in early 20th-century Italy.

Rosaline Gikonyo, project coordinator at Taa Arts, says internalising the excerpts and then putting them into body movements took a lot of time. ‘The dancers have to understand what the story is about and who is going to take which role and what they should be showing with their movements. I have to take on that emotion so that everyone can see what I’m going through.’

You need to first have an inspiration before creating a storyline, according to Janice, a visual artist who equated preparing the dance performance to painting.

Janice explained that where scenes became heavy or intense, they would take breaks and have talks where the performers were free to express if these weren’t comfortable for them and request someone else to take over a part.

‘There is debriefing that needs to be done but it happens during the process, you get to feel your feels and have group hugs afterwards. It was very therapeutic. Initially, I was supposed to be the orator, but I noticed when I started reading the poem I was very triggered. Especially for the part where the lady is violated, you feel like fighting; but who are you fighting? Then you realise you maybe have past wounds that you haven’t processed, unpacked or resolved,’ said Janice.

Wakio Mzenge’s performed a one-woman show on November 30 that explored trauma, grief, identity, and healing through playing 12 characters. Wakio’s performance, Elements, written by John Sibi-Okumu was Staged at Macmillan Library in the CBD. It was symbolic of breaking the cycle and announcing that the activism period was not business as usual.

Her main character, Dana, is a successful author. She finds ways to sneak her experiences into her characters as a form of exorcism but ends up becoming an alcoholic because she doesn’t want to admit the things that happened to her, including sexual abuse from her father, undergoing forceful FGM performed by her aunts with her mother’s consent, and physical violence from men in her life.

‘This play was written specifically for French body movement actress to showcase cultural integration between Europeans and Africa. Yes, it was written by a man, but men also live among women; it’s very hard to talk about women without a man and also children,’ says Wakio.

Wakio says that she’s learnt that most times, through trauma, victims carry the burden on themselves and it ruins their relationships, careers, chances at motherhood, even making them sick while the perpetrators walk free and enjoy their lives.

‘And she said, ‘I’m going to let it go for me. I don’t need to confront this person because they’d better deal with their own demons. I’m not going to allow this to be my personal demon.’ It doesn’t that perpetrators should be allowed to walk away Scott-free, but it gives us authority to walk confident in our own skin with our experiences,’ she sums, adding that men should show their children how to treat women well, not just telling them how, with the way they interact with all the women in their lives.

‘Men are taught as children to care for their sister, mother and aunts. That’s why you’ll find someone who’s very narcissistic with his wife loves his mother to bits and treats his sisters like queens.’

The Kenya National Chamber of Commerce and Industry (KNCCI) has named a new chief executive officer after defeating a petition that challenged the ouster of its previous boss on poor performance.

KK Mutahi who has been serving in the role on interim capacity since the ouster of Ahmed Farah has been appointed to the position effective from December 1.

The former chamber boss Farah lost a petition last month where he challenged his termination at the Employment and Labour Relations Court alleging unfair dismissal and constitutional violations.

Mr Farah was appointed to the post in November 2024 on a three-year contract which was terminated within the probation period on April 17, 2025, with KNCCI citing poor performance as justification for the termination.

He sued, claiming his dismissal had been politically motivated, procedurally flawed, an abuse of power and a violation of constitutional rights.

In its ruling, the court found that Mr Farah’s claims were contractual disputes improperly framed as constitutional grievances, rendering the petition legally unsustainable.

‘The dispute about fairness of the termination of the probationary service was a contractual issue not importing a constitutional intervention and remedy,’ the court ruled.

KK Mutahi steps into the role with over 20 years of experience in corporate management which he is expected to tap in his new role of re-engineering processes at the trade support lobby and improving advocacy.

Previously, Mutahi served various roles within oil marketer Rubis including holding the Country Retail Manager post.

Within KNCCI, Mutahi has served as the Vice Chairman of the lobby’s Meru County Chapter and as the county chapter manager for Nairobi.

He also served as the Chairman of the Chamber Presidential Delivery Unit and County Empowerment where he coordinated the implementation of the chamber president’s flagship programs.

‘KK Mutahi’s extensive leadership experience and strategic vision make the ideal person to guide our organization into its next chapter of innovation and growth. We are confident that under his leadership, the chamber will continue to thrive and deliver exceptional value to our member stakeholders,’ said Erick Rutto KNCCI Chamber President.

Tanzanian conglomerate, Amsons Group, is seeking to build power generation plants in Kenya after completing the multibillion- shilling purchase of Bamburi Cement and East Africa Portland Cement (EAPC).

The firm, which Tanzanian tycoon Edhah Abdallah Munif owns, says it will enter large-scale power generation in Kenya.

The conglomerate has, however, not disclosed if it will set up a production plant or acquire stakes in existing ones.

Its announcement of the Kenya interest came as Amsons sealed a $600 million (Sh77.4 billion) deal to set up a one-gigawatt or 1,000-megawatt solar power plant in Zambia and says that Kenya is now part of the markets targeted for other power plants.

Like other African countries where blackouts are common due to generation shortfalls and ageing grids, the Kenyan government is racing to keep up with the growing power demand.

‘While Amsons is widely known for its cement brands and logistics networks, this investment (setting up a solar power plant in Zambia) signals a major strategic pivot into utility-scale power generation in strategic markets, including Kenya, leveraging its regional presence and financial strength,’ the firm said.

Amsons Group has demonstrated a growing appetite for the Kenyan market, with its initial focus being the construction industry.

The conglomerate completed the acquisition of a controlling stake of 68.7 percent in EAPC last month, barely a year after Amsons fully bought Bamburi for Sh23.6 billion.

The firm, through its subsidiary Kalahari Cement, bought the National Social Security Fund’s 27 percent ownership in EAPC last month, adding to the stake of 41.7 percent that it had earlier acquired in the cement firm.

Amsons fully acquired Bamburi Cement for Sh23.5 billion or Sh65 per share. Bamburi was initially majority owned by Swiss multinational Holcim through two investment firms, which had a combined share of 58.6 percent.

Africa Power Generation, a subsidiary of Amsons Group dedicated to the power generation sector, is now scouting for deals in the electricity market.

In Zambia, it seeks to generate an extra 1,000 megawatts of solar power and 300 megawatts of coal power.

Kenya is targeting to generate an additional 10,000 megawatts of electricity by 2032 to meet the sharply rising demand and cut reliance on imports from Ethiopia and Uganda.

Peak power demand jumped by 637 megawatts between 2018 and this year but this has not been matched by an increase in generation, largely due to a freeze on new power deals.

The freeze, imposed in 2018, was lifted by Parliament last month, setting the stage for the entry of new investors such as Amsons Group.

Kenya Power is currently in talks with various power producers with a combined generation capacity of 1,112 megawatts. The talks are at various stages, with the utility keen to expedite the onboarding of new plants.

Solar and geothermal sources have been singled out for their huge untapped potential, making them lucrative for investors keen to enter Kenya’s electricity generation space.

Besides cement, Amsons has interests in wheat milling, cooking gas, petroleum, transport, real estate and smart grid technology.

The Kenya Chamber of Mines (KCM) has warned that growing political interference and mounting tensions in the Kakamega gold belt could undermine investor confidence at a time when the country is seeking new capital for the extractive industries.

The lobby on Thursday sounded the warning after British-owned Shanta Gold Kenya Limited announced plans last month for underground gold mining in Kakamega, sparking deadly confrontations over likely displacement and proposed compensation for residents.

In an environmental impact assessment report filed with the National Environment Management Authority (Nema), the firm revealed that it plans to invest $208 million (Sh26.86 billion) in the project.

The company estimates that the gold deposits in the area are worth $5.28 billion (Sh683.04 billion), highlighting the scale of the project and the stakes involved for the company and the surrounding communities.

A public participation forum organised by Nema last Thursday turned violent after residents stormed the venue, accusing officials of not paying attention to their concerns over displacement and compensation.

Police responded with force and reports indicate that four civilians were killed, more than 30 people were injured – some with gunshot wounds – and 63 others were arrested.

“KCM’s position is guided by its core principles of due process, impartiality, non-politicisation, respect for all parties, and protection of Kenya’s investment climate,” said the lobby’s CEO, Brian Simiyu, in a statement.

“As the body representing Kenya’s mining industry, KCM is committed to fostering an orderly, lawful and respectful environment for all stakeholders in the sector.”

The lobby affirmed Shanta Gold as a duly licensed investor operating under the Mining Act of 2016 in Kenya, while recognising the long-established artisanal and small-scale mining communities in Kakamega and Vihiga.

However, local politicians have since escalated the dispute. Trans Nzoia Governor George Natembeya and Kakamega Senator Boni Khalwale have accused the state of enabling a foreign-driven land grab disguised as development. They argued that the proposed ‘Sh3 billion’ compensation package defies logic when the gold beneath the affected villages is valued at more than ‘Sh680 billion’.

This comes at a time when the government claims to have enhanced the formalisation of the artisanal mining sub-sector by registering their co-operatives. “We have continued to facilitate the extraction of gold and other minerals by formalising the artisanal mining sub-sector,” Harry Kimtai, the PS in the State Department of Mining, told the Business Daily.

The government is banking on pan-African financial institution Shelter Afrique to fund the affordable housing project (AHP) amid disclosures that no developer has sought State backing to secure loans from local banks.

The new plan follows a resolution to turn the housing financier into a development bank, a move expected to boost its access to funding in the international markets.

The disclosures were made at the Parliament’s Finance and Planning committee during proceedings to ratify a decision establishing the Shelter Afrique Development Bank (SHAFDB). The Cabinet ratified the decision on February 11.

The search for funding to the AHP is despite the State collecting about Sh6 billion monthly from the Housing Levy that was imposed on formal workers. In the 2024/25 fiscal year, the government collected Sh73.2 billion from the 1.5 percent levy.

The government, however, maintains that it is using the Housing Levy to develop infrastructure such as constructing roads and sewerage services where AHP projects are, rather than funding actual construction of the houses. The committee’s report observed the government’s position that ‘by ratifying the SHAFDB Agreement, Kenya will enjoy access to financing for affordable housing and urban infrastructure development.’

In a presentation to the committee, the Ministry of Foreign Affairs said the government targets to tap increased funding through SHAFDB to bankroll affordable housing projects.

‘The partnership will strengthen intra-African trade in building materials and financial services and support the government’s affordable housing agenda,’ the Ministry said.

The State Department for Housing yesterday said Kenya wants to take advantage of the fact that it is the biggest shareholder in Shelter Afrique to tap funding for the housing projects.

Housing PS Charles Hinga said the government wants to secure long-term funding through the development bank, since funding to AHP so far has been on a ‘deal-by-deal basis.’

‘All transactions as with any other bank are on a deal-by-deal basis. We are in talks with them on how they can support AHP but it’s still in early days with nothing specific on the table,’ Mr Hinga said.

The PS revealed that an initial plan by the government to issue off-take guarantees to developers in the AHP for use in securing financing from local banks remains untapped, with no developer having come forward.

The guarantees were meant to offer comfort to banks that funding developers who get affordable housing contracts would be secured, since the government would buy the houses once completed.

‘The guarantees are available on a deal-by-deal basis. We don’t have any application from a developer at the moment,’ Mr Hinga said.

The Ministry of Foreign Affairs indicated that Kenya had $21 million (Sh2.7 billion) as its share in Shelter Afrique’s paid-up capital by December 2023.

At least 44 African countries, the African Development Bank (AfDB) and the African Reinsurance Corporation (African-Re) are shareholders at Shelter Afrique.

The company has funded projects valued at $319.5 million (Sh41 billion in current exchange rates) through project finance, lines of credit and equity investments since 1993, the government says.

‘Shelter Afrique also advanced Sh540 million and a standby facility of Sh128.3 million to Karibu Homes for affordable housing in Athi River, and entered its first joint venture in Kenya in 2010 through the Everest Park project, featuring 440 housing units,’ the Ministry of Foreign Affairs said.

In its 2024 annual report, Shelter Afrique acknowledged that major public housing initiatives such as Kenya’s have been major drivers of expanding housing across the continent.

The company, however, did not directly address any discussions towards funding Kenya’s AHP.

‘Kenya’s Affordable Housing Programme, Nigeria’s Renewed Hope Housing Plan, and Morocco’s 250,000-MAD Social Housing initiative stand out for their scale and structure,” Shelter Afrique said.

“In 2024, Kenya made notable strides under the AHP, a key pillar of the government’s Bottom-Up Economic Transformation Agenda. Over 42,000 housing units were either completed or under construction across major cities including Nairobi, Mombasa, Nakuru, and Kisumu.”

Shelter Afrique has over the years funded projects such as the 76 townhouses by Stima Investment Cooperative in Syokimau (Sh395 million) and Qwetu student residences in Ruaraka and Jogoo Road (Sh800 million).