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The Hustler Fund, administratively also known as The Financial Inclusion Fund, is a loan project led by the Kenyan government which provides instant loans to Kenyan citizens upon request. The program was launched by President William Ruto in late 2022 with the intention of providing at least $420 million in loans.
This was when 175 new housing units were built in Pumwani estate and were offered to Africans who used to live in the Asian-populated village of Pangani. [2] The neighbourhood has over the years exhibited features of a shanty town with temporary informal extensions being put up next to the original houses. [ 3 ]
Highrise was developed in the 1980s as a slum upgrading project by the national government through the National Housing Corporation (NHC). It was the first slum upgrading project in Kenya, even though the intended Kibera residents never occupied them. The project was meant to house residents of the neighbouring expansive Kibera slums in an ...
That includes $180 million for a major affordable housing project, a U.S. government official said, bringing the U.S. financing institution's portfolio in Kenya to over $1 billion.
Ngara Civil Servant Housing, Ngara Housing Project, as well as the neighbouring suburb's Pangani Housing Project. [ 4 ] [ 5 ] The government is demolishing low-rise structures and replacing with the taller structures that can hold more housing units, an effort to curb the housing deficit in the city.
The neighbourhood can be deemed underdeveloped by comparing it to more upmarket suburbs in Nairobi. The government is set up to build affordable housing in the suburb, approximately 4,900 housing units, an effort to curb the housing deficit. [3] The lower middle class neighbourhoods within Mowlem comprises maisonettes and flats. [4]
The government of Kenya is generally investment-friendly and has enacted several regulatory reforms to simplify foreign and local investment, including the creation of an export processing zone. An increasingly significant portion of Kenya's foreign financial inflows are remittances by Kenyans in the Diaspora, who work in the United States ...
Affordable housing in Germany, also known as social housing, refers to housing that is subsidized by the government to provide affordable rent to low-income households. Social housing is typically owned by the government or by non-profit organizations and is intended to provide decent, affordable housing for those who cannot afford market-rate ...