NAIROBI, Kenya, March 11 – The number of women owning land in Kenya remains low, despite constitutional reforms that have given them equal property rights.
John Mwaura, the managing director of Finsco Africa, while admitting that the number of women buying land and houses has increased, he identified a gap in the ratio of male to female buyers.
“Men are still the main owners of assets, whether houses or land. The majority of the title deeds we issue still go to men. However, we are starting to see an increase in women acquiring properties,” Mwaura said.
The property expert has called on government and industry players to put in place more measures that will encourage more women to become homeowners.
For example, the CEO said the Ministry of Lands could organize awareness campaigns that show the benefits of having more women landowners.
He said the move would avoid cultural beliefs that discourage women from owning property.
“More than ever before, many women now run homes alone while others run businesses. Our roads are home to millions of women driving heavy machinery. The same should apply when it comes to owning land and buy houses.
“Just as society benefits from the education of girls, so will society benefit more from properties owned by women.”
He also urged property developers to offer incentives to women to encourage them to buy properties.
A study by the United Nations Conference on Trade and Development (UNCTAD) shows that the number of women registered as landowners is less than 7%.
That’s a boring comparison with 30% of men who are registered landowners.
The UN body noted that the proportion of women owning land in Kenya was the lowest among East African countries.
According to article 40 of the new constitution, women have equal rights to land ownership, just like men. The law also allows women to become co-owners of land with their spouses upon marriage.
Mwaura spoke as Finsco Africa celebrates International Women’s Month under the theme ‘Breaking Prejudices’.
The company’s head of customer service and communications, AbigaelZuenas, said it offers women a 5% discount on all their projects to encourage and empower them to buy land and homes. with Finsco Africa.
“There is no greater security for a woman than owning a house or land in her own name. Something she can call her own that can’t be taken away from her and that can earn her income or interest at some point,” Zuena said.
The company is managing several projects, including the newly launched Legacy Ridges with real estate counterpart Heri Homes, which will feature more than 4,000 apartment units on 200 acres of land in Ruiru, Kiambu County.