The Standard Group Plc is a
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Boma Yangu new Mukuru housing estate. [Wilberforce Okwiri,standard]
Kenya is urbanising at a higher rate than the global average, further coupled with a high population growth. As per World Bank 2023 data, Kenya`s urbanization rate stands at 3.8% compared to the global average of 1.7%.
The country`s urban centers continue to witness high population which has contributed to the 2% growth per annum in population, way ahead of the global average of 0.9%. Whereas urbanizing and population growth is generally a good thing, it has created a housing crisis in the cities.
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