The Online Kenyan Logo

The Online Kenyan

T
Originally published by The Standard Business
📰 Read Full Article
July 23, 2026
3h ago

Inside huge cash withdrawals from affordable housing kitty

Inside huge cash withdrawals from affordable housing kitty

The clarification comes a few days after a local daily reported that the money in refunds had been withdrawn by Kenyans, who had signed up on the platform to save towards owning houses...

✨ Key Highlights

The Kenyan government has clarified reports regarding withdrawals from the Affordable Housing Programme (AHP), stating that a significant portion of funds mobilized on the Boma Yangu platform have not been withdrawn.

  • Approximately Sh2.56 billion was withdrawn by the end of June 2023.
  • This amount represents nearly half of the **Sh5.47 billion mobilized on the Boma Yangu platform.
  • The clarification addresses recent reports suggesting widespread withdrawals from the housing kitty by contributors.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement

Related News

Harambee Starlets captain appeals for affordable housing support from Ruto
Video

Harambee Starlets captain appeals for affordable housing support from Ruto

K
KTN News (Youtube)
1w ago
TCL makes Google TV affordable in Kenya with QLED smart TVs from KES 16,500
tech1w ago

TCL makes Google TV affordable in Kenya with QLED smart TVs from KES 16,500

TCL is making genuine Google TV experience accessible in Kenya with its new QLED smart TVs, significantly lowering the entry price for consumers.

T
Techish Kenya
📰 Read Full Story
Housing PS Faces Court Sentencing as Affordable Housing Dispute Escalates
top2w ago

Housing PS Faces Court Sentencing as Affordable Housing Dispute Escalates

Housing Principal Secretary Charles Hinga is facing court sentencing in a contempt of court case related to the Affordable Housing programme, having disclosed he is defending over 85 lawsuits.

K
Kenyans
📰 Read Full Story
New Report Flags SGR, Affordable Housing Projects Over Corruption
top4w ago

New Report Flags SGR, Affordable Housing Projects Over Corruption

Transparency International Kenya (TI-Kenya) has identified significant corruption risks in major Kenyan infrastructure projects, including the Standard Gauge Railway (SGR) and affordable housing schemes. The reports highlight critical governance gaps that could lead to substantial loss of public funds.

K
Kenyans
📰 Read Full Story
Advertisement