The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The UhuRuto administration is at it again. Beginning May, employed Kenyans will part with 1.5 per cent more of their monthly income to fund the Housing Fund Levy, ostensibly designed to provide 500,000 units of “affordable housing” to Kenyan families (with matching contributions from employers). The levy is projected to raise over Sh50 billion every year.
Kenyans are skeptical. For two main reasons. First, the Kenyatta administration has never fully explained how the scheme will work. How will we determine deserving households? How exactly will the funds translate into actual affordable houses built? These are important questions that must be answered before the country hands over tens of billions of shillings each year to a government known not for any tangible achievements.
Premium Article
Get Full Access for Ksh299/Week.
Uncover the stories others won't tell. Subscribe now for exclusive access.
🔥 Easter Sale Ends Tonight!
Subscribe now and enjoy 50% off monthly and annual plans. Offer ends in…
Stand With Bold Journalism.
Stand With The Standard.
Journalism can't be free because the truth demands investment.
At The Standard, we invest time, courage and skills to bring you accurate,
factual and impactful stories. Subscribe today and stand with us in the
pursuit of credible journalism.