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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