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World Bank report faults State over neglect of rental market

Status of rental houses within Nairobi's Pipeline Estate. [Denish Ochieng, Standard]

The government has largely ignored the rental market despite its significant role in achieving affordable housing, a new World Bank-sponsored report says.

The report compiled by Kenya Mortgage Refinance Company (KMRC), the government's primary vehicle for implementing the affordable housing programme, poked holes in existing legislation and revealed unfavourable terms hindering the segment.

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