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Originally published by Nation Business
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business
August 15, 2026
2h ago

Government ends housing levy cash parking in Treasury bills

Government ends housing levy cash parking in Treasury bills

PS Hinga says improved procurement has helped deploy more housing levy funds...

✨ Key Highlights

The Kenyan government has stopped investing housing levy deductions in short-term Treasury bills, indicating an acceleration in spending on affordable housing projects and improved fund utilization.

  • Over Sh46 billion was previously parked in Treasury bills in February last year.
  • Housing Principal Secretary Charles Hinga confirmed that the Affordable Housing Fund now has zero money in T-bills.
  • This shift is attributed to stronger budget absorption and earlier procurement planning, leading to a significant increase in spending on housing projects, with absorption rates jumping to over 92 percent.

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