Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Over 6,000 foreign investors, both individuals and corporates listed on the Nairobi Securities Exchange(NSE), sold their shares worth Ksh 10 billion from the top five companies in Kenya by the end of April 2026. The top Kenyan companies, Safaricom Plc, Equity Group, KCB Group, EABL, and Cooperative Bank of Kenya, claim normal operation despite the…
The National Assembly has approved the revenue and expenditure estimates for the 2026/2027 financial year, passing a budget that places strong emphasis on housing, education, health, and social protection programmes. The framework, presented by the Budget and Appropriations Committee after public participation and sector consultations, was adopted by lawmakers who said the allocations are designed…
The government has unveiled plans to leverage proceeds from the 1.5 per cent Affordable Housing Levy as collateral for a KSh100 billion loan through securitisation, a move that suggests the deduction may remain a long-term fixture on workers’ payslips. Disclosures by a Parliamentary committee show that the State Department for Housing plans to take the…
President William Ruto has announced a Ksh45 billion investment in affordable housing projects across Garissa, Mandera, and Wajir counties, describing it as one of the most significant housing investments in Northern Kenya since Independence. In a statement shared on his X account after hosting leaders from the three counties at the Wajir State Lodge, the…
Kenya has framed its two‑million housing deficit as a business opportunity for investors while lobbying for more funding at the World Urban Forum (WUF13) in Baku, Azerbaijan, where the government described the shortage as a development emergency. Speaking at the forum, Public Works, Housing and Urban Development Cabinet Secretary Alice Wahome outlined the challenges of…
President William Ruto has defended Kenya’s affordable housing initiative, stating that the country has shown that people living in informal settlements can move into modern high-rises without facing higher living costs. Speaking at the World Urban Forum in Baku, Azerbaijan, on May 18, President Ruto highlighted that Kenya had begun replacing Nairobi’s informal settlements with organised,…
President William Ruto has reiterated his administration’s commitment to expanding Kenya’s Affordable Housing Programme during high‑level engagements at the World Urban Forum in Baku, Azerbaijan. Ruto made the remarks after meeting Anacláudia Rossbach, Executive Director of the United Nations Human Settlements Programme (UN‑Habitat), on the sidelines of the global summit on sustainable urban development. In…
President William Ruto has left Nairobi for Baku, Azerbaijan, to attend the 13th Session of the World Urban Forum (WUF13), where Kenya will present its Affordable Housing Programme (AHP) as a model for sustainable urban development and economic transformation. The high‑level forum, convened by UN‑Habitat, brings together governments, investors, urban planners, civil society organisations, and…
Kenya’s push to put more citizens under decent roofs is receiving a fresh financial shot in the arm, with the National Treasury earmarking Ksh 50.6 billion for the Affordable Housing Programme (AHP) in the 2026/2027 financial year. The allocation, which forms 37 percent of the total Ksh 135.8 billion set aside for Housing, Urban Developments…
President William Ruto has announced a reduction in the deposit required for affordable housing units, lowering the rate for salaried workers from 10 per cent to 5 per cent of a unit’s value. Speaking during the 2026 Labour Day celebrations in Vihiga County, President Ruto said the move is aimed at easing access to home…
