Kenya has a population of 53.8 million and it is expected to grow to 66.5 million by 2030 as per ABiQ’s forecasting tool. This is an increase of 26.3% over a period of 10 years. This increase will result in new entrants in the housing market, especially for the 20-30-year-olds. If we ignore the current deficits, Kenya will require a further 350,000 new homes over the next decade.

Kenya Housing Sector Investment

With construction costs varying across the Eastern African region, we used an average cost of construction of $37,500 for a 50 square meter affordable house. Kenya will require $13.1 billion for 350,000 affordable homes.

Population Growth Rate 2021-2030 (%)

Burundi 32.6
Djibouti 13.0
Eritrea 19.6
Ethiopia 26.1
Kenya 23.6
Madagascar 28.6
Malawi 29.9
Mozambique 31.8
Rwanda 25.3
Somalia 33.3
South Sudan 23.6
Tanzania 14.2
Uganda 29.9
Zambia 32.3
Zimbabwe 18.4

Source: ABiQ; United Nations

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