Kenya's real estate market is experiencing a surge in new property developers focused on affordable housing, driven by strong buyer demand for completed homes over speculative land. This shift is creating opportunities for emerging firms to challenge established players.

• The **affordable housing** demand is reshaping the #realestatemarket, creating space for new developers.
• Emerging developer Wilstone Homes, founded in 2018, is expanding by focusing on affordable gated communities in areas like Ruiru, Juja, and Kenyatta Road.
• Buyers, including the diaspora, increasingly prioritize completed projects with flexible payment plans, reflecting changing preferences amidst concerns over stalled developments.

The Kenyan government is set to disburse the second tranche of the National Youth Opportunities Towards Advancement (NYOTA) grant this Friday, supporting 122,000 youths with business start-up capital.

• KSh3 billion in grants will be distributed, with each of the 122,000 beneficiaries receiving an additional KSh25,000, bringing their total to KSh50,000.
• The disbursement will be overseen by President William Ruto in Nairobi, with Cabinet Secretaries representing him at 17 other launch venues nationwide.
• An additional cohort of 33,000 beneficiaries will each receive a KSh50,000 grant after completing a business development skills program.

Harambee DT SACCO has written off Sh230.37 million due to unreconciled bank balances and fully impaired Sh42 million deposited with the troubled KUSCCO.

• The write-off of Sh230.37 million pertains to a bankers’ cheque control account lacking sufficient documentation.
• The affected organizations are Harambee DT SACCO and KUSCCO.
• This action highlights the ongoing financial impact of KUSCCO's governance crisis, which has led to estimated losses of about Sh13 billion.