CS Mbadi Allocates Ksh50 Billion To Ruto’s ‘Singapore Dream’ Projects
The National Treasury has allocated Ksh50.6 billion to the Affordable Housing Units projects for the 2026/2027 financial year.
This amount represents 37 per cent of the total Ksh135.8 billion allocated for Housing, Urban Developments and Public Works in the budget.
Compared with previous years, the Ksh50.6 billion represents a 22 per cent decrease from the Ksh64.5 billion, reflecting a general financial backing of more than Ksh120 billion.
This also represents a significant decrease from the other financial years, during which the allocation grew sharply over the last three years.
In the 2023/24 financial year, the government allocated Ksh35.2 billion, mainly to support initial rollout activities, planning, and early construction works.
This rose significantly to Ksh92. billion in the 2024/25 financial year as more projects moved into active development and the program expanded nationwide.
The significant decrease would likely impact the project, which is one of President William Ruto’s key projects, rolled out a few months after assuming the presidency in 2022.
The project aims to achieve President Ruto’s ‘Singapore Dream’ by solving the housing problem plaguing most Kenyans in informal settlements.
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This comes days after the Affordable Housing interns complained about late stipend payments, with the State Department dispelling the idea that the project, in general, lacks sufficient funds.
Other projects in the Ksh135.8 billion allocation include Ksh18.2 billion for social and physical infrastructure, Ksh20.2 billion for institutional housing, and Ksh820.3 million for maintenance of state pool houses.
Kenya Urban Programme receives Ksh18.6 billion, while affordable housing gets Ksh50.7 billion. Social housing, climate resilience, county headquarters, seawalls, foot bridges, and informal settlement projects also feature in the mix.
The Kenya Informal Settlement Improvement Project – Phase II has been allocated Ksh 2.7 billion, while the regulation and development of the construction industry receives Ksh 2.36 billion, closing the housing infrastructure spending plan.
CS Mbadi Allocates Ksh50 Billion To Ruto’s ‘Singapore Dream’ Projects
