Financial sector players have agreed to support the Government\u2019s Affordable Housing Plan and other major infrastructure projects including industrial parks with a Sh500 Billion investment in the first year.<\/p>\n\n\n\n

The investment will progressively grow to a total of Sh1 trillion in the fifth year.<\/p>\n\n\n\n

The <\/a>deal, which was reached in a meeting chaired by President William Ruto at State House, Nairobi, on Monday, brings together the pensions industry, insurance firms, saccos, cooperatives and Islamic finance institutions.<\/p>\n\n\n\n

Referred to as the Sanduku Investment Initiative, its priority projects will include the Railway City Development, Nairobi International Financial Centre, Kenani Leather Park, Makongeni Modern Suburb among other public-private partnership projects.<\/p>\n\n\n\n

The meeting agreed to use a structure agreed on by the Capital Markets Authority and Nairobi Securities Exchange (NSE) to facilitate investment grade instruments to be listed on the NSE.<\/p>\n\n\n\n

\u201cThis means small entrepreneurs like Mama Mboga will have a chance to invest under a real estate investment trust,\u201d said the President.<\/p>\n","protected":false},"excerpt":{"rendered":"

Financial sector players have agreed to support the Government\u2019s Affordable Housing Plan and other major infrastructure projects including industrial parks with a Sh500 Billion investment in the first year. The investment will progressively grow to a total of Sh1 trillion in the fifth year. The deal, which was reached in a meeting chaired by President […]<\/p>\n","protected":false},"author":1,"featured_media":412,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/posts\/411","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/comments?post=411"}],"version-history":[{"count":3,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/posts\/411\/revisions"}],"predecessor-version":[{"id":415,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/posts\/411\/revisions\/415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/media\/412"}],"wp:attachment":[{"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/media?parent=411"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/categories?post=411"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kassfm.co.ke\/digital\/index.php\/wp-json\/wp\/v2\/tags?post=411"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}