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Originally published by Capital Businessbusiness
August 21, 2026
2h ago
Kenya targets one million mortgages as affordable housing drive gains pace
The approach is aimed at bringing more Kenyans without conventional payslips or formal income records into the formal housing finance market as the government scales up its affordable housing programme...
✨ Key Highlights
Kenya is aiming to significantly expand its mortgage market, targeting one million mortgages as it scales up its affordable housing program. The initiative seeks to include more Kenyans in formal housing finance by considering alternative creditworthiness measures.
- Kenya aims to reach one million mortgages, up from approximately 30,000.
- The Principal Secretary for Housing and Urban Development, Charles Hinga, highlighted the push for inclusivity.
- The strategy involves lenders considering alternative data like mobile-money transactions and utility bills to assess borrowers, alongside the ongoing construction of over 280,000 housing units.
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