MPS query fate of Sh4.2b earned from trading housing levy funds

Alego Usonga MP and Chairperson of the National Assembly's Budget and Appropriations Committee Sam Atandi when the committee held a meeting on appropriation of funds and national budget planning with the Principal Secretary for the National Treasury and Economic Planning Chris Kiptoo at the Argyle Grand Hotel Nairobi Airport on May 29, 2025. [Standard, Kanyiri Wahito]

MPs have questioned the exclusion of interest earned from the investment of the Housing Levy funds in Treasury Bills in the budget for the next financial year.

They also raised concerns about who is pocketing the billions of shillings earned in interest. The State Department for Housing and Urban Development had loaned the government some Sh46 billion through Treasury Bills.