rvp2018: Actually the houses are really affordable - 4kms from CBD - it's walkable to Central Business district - for 80USD a month mortagage when least rent you can get there is 200USD
The entire Pangani-Ngara-Eastleigh - and most Eastland - will be able to host millions - who can literally walk to their offices or schools - and that is future of urban living. Not commuting 60 kilometres to the city
rvp2018: Concentrate on Ghana - Let's here from Lagosians. There are many here. I know you're idle but we are here to learn - not engage in shouting matches.
rvp2018: Pipeline is better than your best neigberhood because - it's merely 8kms from city center and just two kilometres from industrial area. Majority of resident there are students or factory workers.
The affordable units are going for mortgage of 80 usd per month for 30yrs with 10 percent deposit (about 2,000usd). This the rental rate for those areas - but here you're paying it as mortgage. These are areas two kilometres or walking distance from Nairobi business districts.
Now compare to living 30 kilometres from Accra - and commuting for three hours or more commute per day to Accra business district.
Or worse in Lagos - where you have to cross to the island - about 6hours commute daily!!!!!
your just mad that your country isn't as good as mine and throwing tantrums all around when your bubble get burst. Anyway 8kms is not a distance
No company in Kenya give a mortgage for 30 years at 80 dollars.. stop lying
rvp2018: Of course I have watched. Nothing of that sort if happening in Nigeria. Not in any scale like is happening in Kenya. The best rebuttal is put videos and pictures. You're doing 500 units - while Lagos housing deficit alone is 2 million units.
Lagos sheer size of beautiful real estate is about 15 times what is happening in Kenya
GeneralDae: So who told you this is not also happening in Nigeria and Ghana? Do you watch videos of Nigerian youtubers like Tayo Aina and Steven Ndukwe? The problem with you is that you get so easily excited that you just go haywire until we calm you down, then the next second you are out of control again.
Kenya sorting it's housing deficit - Gov owns a lot of housing estates - that are now old and dilapidated - the land is given to developer - who demolish them - build affordable units and few market rates units.
In total 500,000 units - that on average can settle 3-4 people - is two million people living decently.
Gov expenditure - almost ZERO.
From this.
just another set of pipeline mess in the making... Unfortunately it remain unaffordable to Kenyans hence unoccupied by 98%
Idiko1: It was mother nature and pressure exerted on the Nazi from the western front which saved St Petersburg. Russia was like Poland and other fallen European countries which could not withstand the speed of technologically advanced Nazi forces.
the western front did absolutely nothing... It was the intelligence and fighting spirit of the Russians that defeated Nazi Germany
rvp20182: How does your George Walker Bush donated road compares to this? This about twice as big - right? Mad cow?
Like Nigeria - you should pay attention to how roads are devoid of overgrowth - as grass is regularly maintained - all over kenya. Grass trimmed. Flowers planted.
rvp2018: See you're mad cow - because you dont even read but proceed to make crazy arguments devoid of any factoid.
In first place your housing sector is even worse than kenya - there is barely any private sector involvment.
It's informal sector completely - people building their houses in different colours and shapes - and creating huge mess - which worse than Kenya slum problem - because it create an ENDLESS SLUMPOLIS of tin shacks like ACCRA, KUMASI AND NIGERIA CITIES How do you even begin to address your housing problem? Every is just ramshackle of tin shacks mixed with offices and churches.
Kenya at least has problem that can be contained before it become west african mess.
And it can only be contained by BIG DEVELOPERS BUILDING THOUSANDS UNITS IN ORDERLY FASHION.
you mean an endless number of well planned communities with beautiful homes..
Those can't be compared to your nasty slumscrapers, zinc and mud houses that fill your city...
West Africa contained that problem far back in the 70s hence why it hasn't become a huge mess like in Kenya where everything is a slum.. That is why you won't find huge slums in most west African cities like you find doting all over Kenya
See the beautiful affordable homes that people are getting at 13,000 dollars This is the power of the private sector
rvp2018: Private sector is profit driven. They are not going to build low end housing units that are affordable - but are market driven - because they borrow money from banks - and have to repay loans - and make profit.
What kenya is doing is simple - de-risking the private sector.
Public sector or gov will NOT BUILD ANY HOUSE.
Kenya gov is de-risking the private sector that want to involve themsleves in AFFORDABLE housing - not build luxury units.
What kenya gov will do is to provide free land (30% of cost of unit is land) because gov has lots of land - and secondly it also going to allow zero rated building materials and zero taxes on profit (that is another 30% down) - lastly the gov is going to build horizontal infrastructure within housing estates (roads, water pipes, sewage, etc) - another huge cost cut.
That drastically cut the cost of housing for those building affordable units....and they can deliver a two bedroom for 20K usd.
That fixes SUPPLY SIDE.
Then we move DEMAND side...effective demand. How do we get poor people driving trotos or driving okada to afford 20K usd unit.
Simple - like you have done for your National Health Insurance - we have similar housing levy - that provide them with deposit - say 2,000K usd.
Then give them 15-20yrs mortagage - that should be equivalent to the rent they pay now as okada rider renting a house.
These people pay maybe 50-80USD for slumscrapper unit. Now they will pay the same - and it will be mortagage - not rent.
I don't have time to read all your nonsense...
The private sector knows how to build affordable housing at 11,000 to 20,000 dollars beautiful homes and they still make profit.
rvp2018: Anything would fail in zoo like Nigeria or Ghana - even basic stuff like electricity supply. Affordable housing was working in Kenya until IMF/WB SAP led to it's abandonment in late 80s and early 90s - and housing sector went informal.
So this something that has worked before...Singapore is good example of how it can work.
obaaderemi: You think the idiot doesn't know? He just likes dreaming big for his little India. Nigeria tried it with Federal Mortgage Bank and Federal Housing Authority. It failed. Kenya is where Nigeria was in the 80s.
Ghana even started building the 10 billion dollars 200,000 unit project all across the country and then infighting happened between the partners just after a month which landed in a huge court battle.
Now the private sector is leading the effort with over 2 million units under construction. The solution to affordable housing is private sector led... The 60s to 90s are long over
rvp2018: Deal with your Buhari first before you demand action. Are you now a Kenyan?
There has been action - lots of action - but not as fast as would have been ideally.
The affordable housing model is tested - it's just the execution that has been as fast.
Chinese developers were willing to put up 750,000 units - and all gov provide them is free land, zero taxes on inputs and on profit - gov to also build roads and all horizontal infrastructure.
That will make those units very cheap - and then Kenya Mortagage Refinancing - would issue mortagage - so cheap almost every kenyan would afford - because it will equal to their current rent - 100 dollars or even less per month - sort of Tenant Purchasing agreement.
The biggest failure was inability to get Housing Levy to pass in parliament and court.
Once this is done - Kenya can build a million housing units - and Joburg will look like a child to Nairobi.
govt led huge housing projects usually don't work... And Ghana learnt this the hard way in 2010.
rvp2018: If the current president had focused on Big 4 agenda that included Affordable Housing - we would be somewhere - but he choose to focus on fighting his deputy and attempting to change the constitution.
But if we get right president - Nairobi slums can be eliminated in 5yrs - while providing employment to 2 million people.
Below has been epic failure - although he is claiming to have build 185,000 units - I doubt if he even achieved 20,000 units.
68816419: Stop celebrating small victories, ; Nairobi will never be a developed nation because the majority of the city is underdeveloped and the tiny developed parts are not even habited by the majority of the population who are blacks. What will you do with locations like Mathare, Githurai, Kawangware, Waithaka, and Zimmerman, as well as significant swaths of Nairobi? tiny section of Runda is good, but Mji wa Huruma behind presents a different picture, Karen is an affluent area for those who want and can afford high life( mostly British whites and few Politian) , but right beside it is Kuwinda slum with dwellers surviving on a lot less than a dollar a day, what do you 1- Huruma an area adjacent to Runda 75,498 persons(2019)
Jamestown123: Lol. Does kenya railway make 200m dollars per annum? Since you seems to know it all, why don't you simplify this things for me to understand?
no
They make 10 million dollars per Annum which is a loss
rvp2018: Kenya GDP is 110B. Not 100B. That was in 2019 when it hit 99B. You cannot compare Kenya with Algeria and Morroco in some aspect. Both Morocco and Algeria have big problem in structure of their economy - its entirely public sector - with very little private sector. It's why Algerians have escaped to France and Europe. Both of those countries need to figure out how to grow private sector like kenya has done.
My prediction - Kenya will overtake Morroco in 2 - max 3 yrs. I hope we shall be hear. Now the gap is just 20B dollars or less.
you are running mad .....
The Kenyan economy is 80% public sector run..
The Moroccan and Algerian economies are more private sector run .. on the level of SA
rvp2018: Kenya is receiving decent investment in tech - swinging with hopeless NIgeria for top spot the last few years. When it come to FDI that typically come to Africa - that natural extraction - of course we are doing badly - and we couldnt be LUCKIER. We have avoided the Nigeria or Congo or Africa natural resources curses...instead we have built a well diversified liberized market economy that is almost BULLET PROOF...not even COVID can take it down...maybe civil war.
We are attracting FDI in sectors that create jobs. We are also second to South Africa in Sub Saharan Africa for investing in other Africa countries.
where are the jobs when your unemployment keep increasing at an astronomical rate?
Most VC pull their money out after a year or two of not making any serious money making those start ups collapse.
rvp2018: Kenya is not a zoo. If you want to study the Kenya Railways financial statement - they are available.
Kenya Railways is one prime assets of Kenya gov - with assets of nearly 8B dollars.
Of course it has liability of 5.2B dollars from Chinese - that it borrowed to build Mombasa-Nairobi-Naivasha SGR and it's rolling stock
It also generate now more than 200M dollars annually - although it making huge losses - as the loan repayment to Chinese has to be factored in financial reporting.
Kenya gov is only the guarantor...but we expect Kenya Railways not only to become operationally profitable but to eventually pay for it's debt.
FACTS are stubborns things.
that's a lie
Kenya railway will never be able to pay it debt .... It has all fallen on your govt now..
In 5 more years of running without breaking even, it will become another derelict just like how your MGR went
rvp2018: Obaboon, Kenya was at nearly 50 in world in ease of doing business - Only Mauritus, Rwanda and Morrocco was better. Nigeria as always is clustering with worse in the world. It start from electricity, lack of basic infrastructure, totally incompetent gov, insecurity - how can you as start up thrive in such circumstance.
And yes i have seen data that most Nigeria tech start up - fail the most. Your nigeria diaspora are pulling silicon valley funding but trust me they will leave without their shirts.
I hope they dont besmirch other thriving African countries in the process by thinking business in africa will fail.
why is Kenya not attracting any serious investment?
I have an answer based on your country reality but I want to see what you think
Politics › Re: Kenyans Are Far Behind Nigerians In Every Aspect – Fani-Kayode by Just40: 2:22pm On Jan 22, 2022
before you demand action. Are you now a Kenyan?