Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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’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 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…
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…
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…
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…
IHS Kenya launches Ksh1bn housing project in Tilisi, adding 240 apartments targeting middle income homebuyers and investors. Apartments start from Ksh6.55m, with the development designed to meet EDGE green building certification standards. Developer targets 3,000 homes by 2030 as private investment helps address Kenya’s housing shortage. International Housing Solutions (IHS) Kenya has unveiled a Ksh1…
Affordable housing: Government says 8,807 units are complete, with 198,726 under construction. Student housing: 37,347 units are being built to accommodate over 130,000 learners. Nandi projects: 24 projects worth Sh15.7 billion are underway, including housing, hostels and markets. The government has defended the progress of the Affordable Housing Programme, saying thousands of housing units have…
Homeless population may be as high as 500,000, stakeholders say, far above the official estimate of 18,000. Stakeholders called for stronger housing policies and social protection programmes. Speakers urged closer national and county government collaboration to tackle homelessness. Kenya’s homeless population could be as high as 500,000, according to stakeholders who say official government estimates…
Housing PS Charles Hinga said the reported Ksh2.56 billion Boma Yangu withdrawals were misinterpreted, noting Ksh1.76 billion was used as deposits for affordable housing units while Ksh803 million was withdrawn. He said withdrawals were mainly for personal needs, such as school fees, or due to uncertainty over the programme, insisting the figures do not show…
