Chinese contractors helping to bridge Kenya's housing deficit: industry source

STORY: Chinese contractors helping to bridge Kenya's housing deficit: industry source SHOOTING TIME: Nov. 25, 2023 DATELINE: Nov. 27, 2023 LENGTH: 00:01:27 LOCATION: Nairobi CATEGORY: ECONOMY SHOTLIST: 1. various of housing infrastructure in Nairobi 2. various of the economic forum STORYLINE: Chinese contractors are boosting Kenya's quest to bridge the country's housing deficit, industry players said on Saturday. Kenneth Mbae, the managing director of Centum Real Estate, an investment firm with operations in East Africa, told a financial forum in Nairobi, the capital of Kenya that the housing deficit in Kenya is in excess of 2 million units whereas the annual demand stands at 200,000 units. "We have many Chinese developers participating in supplying the 50,000 units that are built every year by the property sector," Mbae said during the third Abojani economic empowerment conference. The conference brought together more than 100 financial and investment experts to discuss ways to exploit investm