NATIONAL HOUSING DEVELOPMENT FUND 

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NATIONAL HOUSING DEVELOPMENT FUND 

Mr. Speaker, in order to promote development of low cost housing for Kenyans, I propose to amend the Employment Act to provide that an employer shall contribute to the National Housing Development Fund, in respect of each employee’ in his or her employment 0.5% of the employees gross monthly emolument subject to a maximum of five thousand shillings while the employee will contribute 0.5% of their monthly gross earnings. – CS Treasury, Henry Rotich budget Statement

I am just wondering, will employees benefit directly from this kind of contribution? Why can’t we be allocated to contribute this money towards building our own houses? This is so unfair.

 

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Geoffrey Kerosi is a prolific economics writer and an avid reader in economics, finance, business, politics and technology.

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