Uproar over Kenya’s 1.5% housing levy

PUBLISHED: Thu, 18 Apr 2019 14:40:30 GMT

Beginning next month, Kenyan employees will pay 1.5 per cent of their salary to fund the government’s project to build 500,000 affordable homes by 2022. The housing fund levy which is part of President Uhuru Kenyatta’s Big 4 agenda was largely met with backlash from the public. Johnson Denge, Senior Manager & Regional Markets at Cytonn Investments joins CNBC Africa to discuss this.