The United Nations Office for Projects (UNOPS) yesterday announced reaching a major agreemen with the Kenyan government. As part of the agreement, the UNOPS Social Impact Investment Initiative (S3I), and its partners will seek to invest KSh. 64.7 billion to deliver at least 100,000 affordable and sustainable homes across the country.
Announcing the details of the project in New York, Executive Director Grete Faremo said that the agreement is a major milestone in UNOPS commitment to fostering innovative financing for the Sustainable Development Goals (SDGs), and will help the government of Kenya open access to sustainable, affordable and environmentally sound housing for its citizens.
“By reducing the investment risks of development activities, we are helping to bring about new partnerships between the private and public sectors. The knock-on effect means unlocking new opportunities and providing jobs for local communities, which all helps drive progress towards the SDGs,” she added.
The 100,000 houses are to be constructed using green technologies and energy-efficient solar rooftops, while the implementation work will include local equipment, skills and expertise. The needs of local communities will be a key priority of the project, through the inclusion of public facilities including children’s playgrounds, schools and community halls.
The deal follows a new partnership between UNOPS and the Government of Kenya established in September last year on the sidelines of the United Nations General Assembly which President Kenyatta attended.
The project is expected to create significant employment opportunities for local communities nationwide while cutting the housing deficit in the country.