Economy

Ruto launches monthly “rent-to-own” housing units in Kibra for as low as Ksh.2400

President William Ruto launched the construction of 4,054 affordable housing units in Kibera Soweto B Social Housing Project, Nairobi.

The project will offer residents opportunity to become house owners through affordable ‘rent-to-own’ program from as low as Ksh.2,400 per month.

According to State House Spokesman Hussein Mohammed, local manufacturers and Jua Kali sector will be tasked to provide various construction materials, as President Ruto administration seeks to turn the housing challenge into an economic opportunity and spur job creation.

Soweto B is the second Affordable Housing Project (AHP) Ruto has launched since he was sworn into office on September 13, 2022.

The units are meant for the former slum dwellers in the region.

He launched the programme on October 25 when he toured the region. In his company were among others, Langata Constituency Member of Parliament, Felix Odiwuor.

<em><strong>Langata Constituency MP Left Felix Odiwuor and President William Ruto Right during the launch of affordable housing units in Kibra<strong><em>

Nairobi will have five ongoing projects for a total of 29,026 units by December this year.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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