A new world Bank report released recently, reveals that to curb growing slums in Kenya two million affordable city houses need to be constructed.
The report cautioned that unless elaborate plans are made towards affordable housing, growing slums in Kenya will only get worse in the next decade.
Kenya like any other African country has the fastest growing cities in the world however most new homes target the middle and upper classes as it’s easier to make a profit from high-end sales.
The world Bank predicts that most Kenyans will live in cities by 2033. Practically, Kenya needs to produce 244,000 homes a year to meet demand however less than a quarter of this number are being constructed.
But given rapid urbanisation, the situation is only worsening. World Bank notes that Kenya’s cities are growing by 500,000 people a year. Nairobi is one of Africa’s most expensive cities for housing, with 2013 prices almost triple those of 2000 the world bank observes.