When President William Ruto laid a foundation stone for the construction of an affordable housing project. [PCS]
Wherever you journey around major urban centres, and beyond, you are met with an equal measure of the beautiful Tower of Babel type of buildings, and run-down walls of Jerusalem before they were rebuilt by Nehemiah kind of structures.
The menace of incomplete developments in the country is not new, with a sizeable number of these buildings being state-funded.
However, with the economic turbulence, which has caused an increase in the cost of development through direct and indirect surges in taxes and the cost of commodities, incomplete buildings are some of the challenges that developers and financiers must grapple with.
Do you alter the architectural design to fit the remaining budget or do you abandon the whole development and count your losses?
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