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Cabinet Secretary of Ministry for Investment, Trade and Industry (MITI) Hon. Moses Kuria highlights the success of voluntary contributors and aims for national transformation
On a published post, Cabinet Secretary Hon. Moses Kuria revealed an encouraging milestone in Kenya’s housing sector. According to the Cs Kuria, approximately 30,000 Kenyans have been actively contributing to the Housing Fund, resulting in a remarkable fundraising amount of Ksh 1.8 billion. Cs expressed his optimism about leveraging this capital through investor partnerships, potentially multiplying it 25 times to an impressive Ksh45 billion. Such a substantial investment, he believes, could pave the way for the construction of 18,000 houses, each valued at Ksh 2.5 million.
An intriguing aspect of this proposed housing funds is its anticipated job creation potential. Hon. Kuria estimates that with each house built, approximately 10 employment opportunities will be generated. Applying this calculation to the initial pool of 30,000 voluntary contributors, the project could create as many as 180,000 jobs. Hon. Kuria emphasized that this extraordinary outcome stems from a relatively small group of individuals and the application of a gearing factor of 25 times the initial investment.
Drawing attention to the broader Kenyan workforce, which consists of around 3 million salaried workers, Cabinet Secretary Moses Kuria extrapolated the potential impact. By employing the same principles and calculations, he projected the creation of an astonishing 18 million jobs. Hon. Kuria’s vision encompasses not only the construction of houses but also the transformation of the nation through robust employment opportunities.
While Gov Housing Funds proposals have garnered attention and excitement among others, it is important to note that the implementation and realization of these plans would require careful coordination, collaboration with investors, and efficient execution strategies. However, his ambitious outlook has ignited a sense of hope and ambition among Kenyans who aspire for positive change.
It remains how President Ruto, private investors, and stakeholders will conduct the Housing Funds projects. As the housing project unfolds, its success could potentially contribute to Kenya’s economic growth, provide affordable housing solutions, and significantly reduce unemployment rates.
In an era where national progress is at the forefront of public discourse, President’s vision reflects a strong commitment to improving the lives of citizens. While acknowledging the challenges ahead, H.E William Ruto determination to change the nation resonates with those who share a collective desire for a brighter future.
