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Young, working? Sh25,000 salary can get you a house

FROM LEFT: Bamburi Cement’s Corporate Affairs, Communications and Sustainable Development Director Susan Maingi, Commercial Bank of Africa CEO Jeremy Ngunze and Koto Housing CEO Moses Nderitu during the signing of a partnership in Nairobi recently. [PHOTO: JAMES WANZALA/STANDARD]

NAIROBI: Commercial Bank of Africa (CBA) has partnered with Bamburi Cement and Koto Housing to offer affordable housing in a campaign dubbed “105% Own Your Own Home (105OYOH)”.

The deal targets the young working class earning a minimum salary of Sh25,000. In the agreement, CBA will offer buyers mortgage financing of up to 105 per cent of the property value, while Bamburi Cement will offer technical support. The mortgage is repayable in 25 years.

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