This archive report was first published on 23 October 2021.
On Saturday, October 22, 2022, economist David Ndii shared a master plan detailing how Deputy President William Ruto's bottom-up economic approach will work to eradicate poverty.
The plan, which aims to empower Kenyans financially, involves the complete rehabilitation of Nairobi River, a project that would cost the government only 10 percent of what the Nairobi Expressway cost, or an equivalent of Ksh7.2 billion.
According to Ndii, the riverfront project will result in a 5 percent turnover in taxes, coming from the rent collected, which translates to Ksh18 billion tax revenue annually.
"Our goal is to create secure public 'real estate' for 250,000 street businesses. The Nairobi Riverfront Development is one of our key projects for that," Ndii revealed.
Each of the 250,000 businesses will pay Ksh2,500 rent per month, generating an annual rent income of Ksh7.5 billion, which will be recovered by the Nairobi County in just one year.
