Housing & Investments - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Architects urged to embrace AI in construction designs

Sacco ReviewSeptember 7, 202609 mins

Architects urged to use AI for safer, climate resilient designs Traditional Kisii housing principles offer lessons for modern construction Kenya faces a shortage of architects and engineers as professionals age Kenya National Association of Architects President George Ndege has urged members to embrace Artificial Intelligence (AI) in construction designs. Ndege was speaking during the association’s…

State eyes new financing model to boost housing levy shortfall

Sacco ReviewSeptember 5, 202604 mins

Government seeks new financing to close the housing programme funding gap. Housing Levy collections remain below what is needed for the annual target. World Bank talks could bring long term funding alongside levy and sales revenue. The government is considering an alternative financing model for the Affordable Housing Programme after the mandatory 1.5 per cent…

Ruto: Housing programme has created 1.1m jobs

Sacco ReviewSeptember 1, 202602 mins

Ruto says the housing programme has created more than 1.1 million jobs. The programme has generated work across construction related trades. Ruto says housing has outpaced teacher recruitment in job creation. President William Ruto says the affordable housing programme has created more than 1.1 million jobs, a figure he described as the largest job-creation achievement…

Nandi housing project workers down tools over unpaid wages

Sacco ReviewAugust 26, 202603 mins

Chesumei housing project workers halt work and block road over delayed wages Unpaid workers say mounting debts and rent arrears are worsening their financial strain Protesters demand immediate payment and accountability over the use of public funds Workers on the Chesumei Affordable Housing Project in Nandi County have downed their tools and blocked part of…

Co-op Bank offers young Kenyans 100% mortgage financing

Sacco ReviewAugust 22, 202604 mins

Young Kenyans can access up to 100 per cent mortgage financing for residential property. The facility offers financing of up to Ksh10.5 million at a 9.5 per cent interest rate. Borrowers can use the facility to buy, build or develop residential property, subject to affordability checks. Co-op Bank is offering young Kenyans an opportunity to…

Mombasa housing projects set to transform city skyline

Sacco ReviewAugust 18, 202607 mins

Mombasa’s skyline is set for a major makeover as Ksh23 billion in housing projects take shape across the city. A Ksh7 billion Nyali project is already 70.5 per cent complete, with thousands of homes and a 1,000 stall market coming up. A 106 year old market is set for a 13 storey transformation featuring homes,…

KMRC to host 5th Affordable Housing Conference in Naivasha

Sacco ReviewAugust 17, 202604 mins

KMRC will host the fifth Kenya Affordable Housing Conference from August 20 to 21 in Naivasha. The conference will focus on expanding affordable housing finance, especially for informal workers and Sacco members. Stakeholders will discuss blended finance, land reforms, green housing and technology in the housing sector. The Kenya Mortgage Refinance Company (KMRC) will convene…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA to freeze accounts, deactivate PINs of housing levy defaulters

Sacco ReviewAugust 17, 2026August 18, 202605 mins

KRA will intensify enforcement against Affordable Housing Levy defaulters, including freezing bank accounts and deactivating tax PINs. Defaulters face a 3 per cent monthly penalty on unpaid levy amounts. KRA is deploying 1,406 revenue service assistants to boost compliance, especially among informal businesses. Kenyans who fail to remit the Affordable Housing Levy risk having their…

Kileleshwa residents ask Senate to reject development policy

Sacco ReviewAugust 6, 202605 mins

KIWANA has asked Senator Edwin Sifuna to reject the Nairobi County Development Policy 2026 and table its petition in the Senate. Residents say the policy lacks adequate public participation and could encourage unchecked high rise developments. The association wants sustainable development guided by proper planning and public consultation. The Kileleshwa Ward Neighbourhood Association (KIWANA) has…

Ruto unveils Sharia-compliant financing for Affordable Housing Programme

Sacco ReviewAugust 5, 202604 mins

President William Ruto said the Affordable Housing Programme now offers Sharia compliant financing, allowing Muslim Kenyans to buy homes without interest. Ruto said the option was introduced under the Affordable Housing Act, 2024, to make the programme more inclusive and address low uptake among Muslims. The President said affordable housing projects are being rolled out…