Kenya Aims To Raise 5 Billion Shillings To Plug Housing Deficit – African Leadership Magazine

Kenya’s National Treasury expects the fiscal deficit to drop to 5.9 per cent of the GDP in the next budget year driven by reduction in expenditure.

The Southern African country has a public private partnership (ppp) legislation that investors can ulitise to work on housing projects. President Edgar Lungu announced recently that Zambia was working on reducing a deficit of three million housing units on the sidelines of the united nations general assembly in New York in the United States of America.

UPDATE 2-Kenya’s economy increases by a quarter to join Africa’s top 10. to be 4.76 trillion shillings (.4 billion) in 2013 after the rebasing, up from 3.8 trillion shillings ($42.6 billion.

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Donors demand refund of FPE money In June 2011, Raila Odinga tabled in Parliament a new report titled: ‘Extended Forensic Audit of kenya education sector support program’ indicating an adjusted figure of KSh4.6 billion up from Treasury’s KSh4.2 billion, lost through corruption. A new twist in the FPE fraud is the demand for a refund.

This year, it is funding the implementation of at least 25 projects to the tune of $1.5 billion (Sh154 billion) in various sectors including agriculture, environment, energy, water and sanitation. The bank’s country representative, Mr Jeremiah Mutonga, says this is a significant increase in the number of projects they were helping fund in 2006.

Kenya's growth outlook to 6.5 percent from 6.9 percent. "The market is flat ahead of the budget. People want to see . the budget first before making the next move," said a trader at . one Nairobi-based commercial bank. The shilling has been under pressure from the global . strength of the dollar, a growing current account deficit and

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An Analysis of the 2017 kenyan election and its Potential Impact on Growth and Investor Confidence The Importance of the Kenyan Elections for Kenya and East Africa General elections were held in Kenya on 8 August 2017 to elect the President, members of Parliament and devolved governments.

MONETARY UNIT: The Kenya shilling (Sh) is a paper currency of 100 cents; the Kenya pound (k) is a unit of account equivalent to 20 shillings. There are coins of 5, 10, and 50 cents, and 1 and 5 shillings; and notes of 5, 10, 20, 50, 100, and 200 shillings. Sh1 = $0.01309 (or $1 = Sh76.38) as of 2005.