The State-owned Kenya Development Corporation (KDC) is stuck with Sh490 million worth of hard-to-sell houses in Mombasa County even after slashing prices, an audit has revealed.
The latest Auditor General's report on KDC found that the houses, constructed since 2015, are proving hard to sell nine years later despite the institution having reduced asking prices in the 2020/21 fiscal year to attract buyers.
