Kenya needs to have more 2 million low-income homes to be able to realise economic growth, an April 2017 report by World Bank reveals. The report which is titled ‘The Kenya Economic Update: Housing—Unavailable and Unaffordable’ explains how an increase in low-income earning homes will lead to the relative increase in economic growth. The report which is also known as the Kenya Economic Update ties this economic surge to various situations in the market. Proper housing out of reachAccording to a study done by the Kenya National Housing Service in 2013, Kenya has over 5 million households with an average of over 4 people per house. Kenya Economic Update cites investment in housing as a solution that Kenya government can rely on to multiply the number of low and middle income homes.

Source: Standard Digital May 03, 2017 08:37 UTC