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

IHS Kenya bets on middle-class demand with new Ksh1bn homes

Sacco ReviewAugust 3, 202604 mins

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…

Government defends Affordable Housing plan as 8,807 units complete

Sacco ReviewAugust 3, 202606 mins

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…

Kenya’s homeless population may be 25 times official figure

Sacco ReviewAugust 1, 202607 mins

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…

PS Hinga sets record straight on Ksh2.56 billion Boma Yangu withdrawals

Sacco ReviewJuly 23, 202605 mins

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were misinterpreted, noting Ksh1.76 billion was used as deposits for affordable housing units while Ksh803 million was withdrawn.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…

Machakos University hostel project resumes after construction delay

Sacco ReviewJuly 22, 2026July 22, 202604 mins

Construction of the Ksh1.2 billion Machakos University Student Village hostel has resumed after delays caused by difficult ground conditions, with the contractor implementing a recovery plan. The project will deliver three hostel blocks accommodating about 2,520 students, alongside access roads, power infrastructure and a student mini mart. The contractor will run simultaneous construction, extended working…

Skilled labour shortage drives up construction costs in Kenya

Sacco ReviewJuly 21, 202605 mins

Kenya’s construction labour costs rose by 4.38% between the first and second quarters of 2026, driven by growing demand for skilled workers. Carpenters, painters, welders, and mechanics recorded the biggest wage increases, reflecting a shortage of skilled artisans across the sector. Rising labour costs, alongside higher prices for building materials, transport, and fuel, continue to…

President Ruto launching the Affordable housing in Mukuru

Boma Yangu refunds near half of Sh5.47 billion raised as more savers pull out

Sacco ReviewJuly 20, 202603 mins

Kenyans have withdrawn Ksh2.56 billion from the Boma Yangu scheme. Refunds have increased 3.5 times since President Ruto took office. Refunds are rising faster than new savings, signalling weaker confidence. Kenyans have pulled more than Ksh2.5 billion out of the government’s Boma Yangu housing savings scheme, as growing numbers of contributors abandon the programme and…

KCB, KDF launch mortgage scheme to help 50,000 military officers own homes

Sacco ReviewJuly 17, 202604 mins

KCB, KDF and government agencies launched a mortgage scheme for over 50,000 military officers. The programme will finance home purchases, construction, renovations and affordable housing. KDF says the initiative will boost troop welfare through increased home ownership. Kenya Commercial Bank (KCB), the Kenya Defence Forces (KDF), the Civil Servants Housing Scheme Fund and the Affordable…

Property developers face years-long wait for approvals, KPDA handbook reveals

Sacco ReviewJuly 3, 202607 mins

According to KPDA, bureaucratic procedures, overlapping regulations and corruption are among the key challenges delaying projects and increasing construction costs. Nearly two in three property developers in Kenya have projects stuck in the approval process, with some waiting more than two years for permits, according to a newly launched industry handbook. The Kenya Property Developers…

Parliament summons CS Wahome over stalled housing projects nationwide

Sacco ReviewJune 27, 202606 mins

Parliament has summoned Lands and Housing Cabinet Secretary Alice Wahome to a Speaker’s Kamukunji session scheduled for Thursday, July 2, to respond to concerns over stalled projects across the country, including the Affordable Housing Programme, one of the Kenya Kwanza administration’s flagship initiatives. National Assembly Speaker Moses Wetang’ula issued the directive on Thursday, June 25,…