The Malaysian government has announced plans to invest in Kenya’s affordable housing program, spearheaded by President William Ruto, aiming to expand homeownership and strengthen economic development.
During a virtual press briefing, Malaysia’s High Commissioner to Kenya, Ruzaimi Mohamad, confirmed that the investment would complement Kenya’s ongoing housing initiatives, noting successful track record in similar projects.
“President Ruto has shown strong leadership in affordable housing. Malaysia’s experience can help Kenya achieve similar milestones in providing quality homes to its citizens,” the High Commissioner said.
The investment announcement comes ahead of Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s official visit to Kenya on November 23, accompanied by top ministers in trade, investment, and urban development. The visit will include bilateral meetings, memoranda of understanding, and cooperation agreements covering housing, tourism, and urban planning.
In his recent State of the Nation address, President Ruto highlighted that Kenya’s housing strategy draws inspiration from the economic models of Singapore and Malaysia. The government aims to construct 200,000 homes annually to address the national housing deficit, with a portion of units reserved for teachers and other critical professionals.
The partnership is also expected to explore opportunities in Kenya’s digital economy, offering Malaysian companies avenues for investment beyond housing. Officials from both nations stressed that transparency and proper oversight will guide all projects under the collaboration.
