Inadequate Space Hurts Growth of Nandi County
SHORTAGE of housing units in Kapsabet town due to slow growth in property development is hurting Nandi county’s economic expansion.
Deputy Governor Dominic Biwott said the town, which is the county’s commercial and administrative centre, is facing an acute shortage of decent residential houses, office
space and spacious buildings. This, he said, has slowed investments in key growth sectors including financial services and education where universities are increasingly looking for expansion opportunities.
A considerable number of workers in the county, he said, have consequently been forced to move out of the town to seek decent houses in neighbouring counties. Most of the residents are also doing businesses outside the county, leading to loss of potential revenue.
“This is really hurting our economic growth since the revenue that would have helped boost development is going to other regions,” Biwott said.
The county government, he said, is however putting together an incentive package in a bid to encourage investment into property.
The plan is to include infrastructure development and improving the investment environment to make it easier for prospective investors, Biwott said without elaborating.
“At the moment we are doing many roads to open up the region and make sure that the place is good for businesses. That among other things will attract investors,” the deputy governor said.
He said property development is key in revamping the county’ economic growth.
“If the sector is vibrant, businesses will boom while education sector will expand,” he said
Source: The Star