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Kenya bets on revamped Shelter Afrique to fund affordable housing project
View of the new Mukuru Housing Estate Phase 1, Nairobi on May 27, 2025. The program is part of government's effort to improve housing affordability and reduce socioeconomic disparities.
Photo credit: Wilfred Nyangaresi | Nation Media Group
The government is banking on pan-African financial institution Shelter Afrique to fund the affordable housing project (AHP) amid disclosures that no developer has sought State backing to secure loans from local banks.
The new plan follows a resolution to turn the housing financier into a development bank, a move expected to boost its access to funding in the international markets.
