State plans to use Housing Levy as loan security

A bold fiscal maneuver could lock the controversial housing levy into Kenyan payslips for generations. A new parliamentary report reveals that the State Department for Housing plans to plug a massive Sh118 billion budget deficit by securitizing the housing levy to borrow Sh100 billion from development partners. Subscribe and watch NTV Kenya live for latest Kenyan news today and everyday as told by Kenyans. Get the Kenya news updates, discussions and other exciting shows. Website: https://www.ntvkenya.co.ke || Paper: Daily Nation || Twitter: @ntvkenya || Facebook: NTV Kenya || Instagram: NTV Kenya