Gov't and Gulf Cap Africa Ink Sh13 Billion Deal for Construction of 6,700 Affordable Houses in Starehe
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Loading... - Chiumbo Gakii
- 23 Mar 2023
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The State Department of Housing and Urban Development and investment company Gulf Cap Africa Limited on Monday inked a Sh13 billion deal for the construction of 6,704 affordable housing units in Starehe, Nairobi.
The project, to be implemented in five phases over a 36-month period, is the biggest Affordable Housing development launched by President Ruto’s administration in line with its goal of building 200,000 units annually.
It will comprise 2,000 social housing units, and a total of 4,704 one-bedroom, two-bedroom, and three-bedroom units.
The project will also feature the construction of social amenities such as swimming pools, food courts, green spaces, LPG and ICT connectivity among other supporting internal infrastructure such as cabro paved driveways.
“Part of the partnership will be the transformation of Starehe and its environs, including the upgrading of the Ziwani dispensary and local schools. This underlines our firm commitment, as a Ministry, to elevate people’s living standards and livelihoods by providing affordable, safe, sustainable and dignified communities,” Lands and Housing Cabinet Secretary Zacharia Mwangi Njeru said during the groundbreaking ceremony for the project on Monday.
Mwangi indicated that development will not only provide affordable, inclusive homes for Kenyans but also create stimulus for local development through employment opportunities for the youth and women in the construction industry.
“We estimate that close to Ksh500 million of the project value will go towards creating value for the local MSMEs - with at least 50% going towards women. In addition, the project will generate over 10,000 direct and indirect jobs, providing much-needed income for our youth.” Read More…
