KDF eyes investors to build 11,000 houses for its staff

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Business Daily | by Brian Ngugi


The Kenyan military is seeking private investors to help fund, build and operate 11,000 homes for its personnel who face a critical shortage of housing.

The private investors will rent out the houses once completed to Kenya Defence Forces (KDF) for 15 years, allowing them to recoup their capital running into billions of shillings over the period after which the lease will terminate and ownership revert to KDF, the military said.

This is the first time Kenyan military has turned to private investors under the private public partnership (PPP) model…

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