Kenya: Govt to Securitise Housing Levy to Fund Ksh100 Billion Housing Plan

Kenyan workers could continue paying the housing levy for years after the government unveiled plans to use the deductions as security for a proposed Ksh100 billion loan.

Budget documents tabled in Parliament indicate that the State Department for Housing intends to securitise future housing levy collections to raise funds from development partners, a move that could make it difficult for future governments to abolish the controversial levy.

According to the Budget and Appropriations…