Kenyan president: We are implementing Africa's largest housing construction project

Currently, there are more than 1,100 informal settlements where approximately 7 million people live in Kenya, Kenyan President William Samoei Ruto said at the Leaders' Summit held in Baku for the first time in WUF history, SİA informs.

He noted that this situation is intolerable and cannot be tolerated:

"We understand the scale of the housing problem and the difficulties people face. One of the biggest problems is the widespread prevalence of slums. We have made a decision to direct funds allocated by the state for the improvement of housing provision to residential projects without taxation."

The Kenyan president emphasized that steps are being taken to reduce construction costs:

"For this purpose, we have begun cooperation with professional architects and qualified specialists. Companies and specialists that previously built 30-40 houses are now being given the opportunity to implement projects of 3,000-4,000 apartments. We want all residential buildings to be constructed in accordance with established standards. We have created a special financial mechanism for this. A separate fund has been established, and a special fee system has been introduced to finance this sector."

William Samoei Ruto also added that a project for the construction of 273,000 apartments is currently being implemented in Kenya:

"So far, we have handed over 8,000 keys. Currently, the largest-scale housing construction project in Africa is being carried out in Kenya. A total of 700,000 housing units are being prepared. We have planned the construction of 55,000 houses by the end of the year."

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