Kenya looks to global pension funds in housing drive
Monica Juma, minister for foreign affairs, shares plans to tackle homes shortage
As reported by the Financial Times, Kenya is courting international pension funds to help finance the construction of 500,000 low-cost homes in the next four years, as part of President Uhuru Kenyatta’s “Big Four” economic agenda.
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Pension funds in the Kenya have traditionally invested in property, equities and debt instruments but there has been agitation to unlock them to drive more social and economic growth