Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Affordable Housing Programme has come under renewed scrutiny after a new corruption risk assessment revealed significant governance weaknesses that could undermine its ability to deliver transparent and affordable homes to citizens. The study, conducted by Transparency International (TI), examined flagship infrastructure projects and found that housing developments in Vihiga and Kiambu counties face moderately…
Housing Principal Secretary Charles Hinga has assured Kenyans that beneficiaries of the Affordable Housing Programme will retain ownership of their homes, regardless of which government comes into power after the next elections. On Thursday, June 18, Hinga dismissed claims from the opposition suggesting that houses acquired under the programme could be repossessed following the 2027…
Government has allocated Ksh50.6 billion for the Affordable Housing Programme in the 2026/27 financial year. Treasury CS John Mbadi said the investment is aimed at accelerating construction of affordable housing units nationwide. The programme is also expected to create jobs across the construction sector, including labour, materials supply, and related services. By Frank Mugwe The…
The government has announced plans to scrap the zero-rated Value Added Tax (VAT) status currently applied to affordable housing projects, signalling a major change in the taxation of one of its flagship development programmes. Speaking during a press briefing, National Treasury Cabinet Secretary John Mbadi said the proposed reforms will be included in the 2026…
The Affordable Housing Fund Board has urged Parliament to grant the Kenya Revenue Authority (KRA) stronger enforcement powers to tackle evasion of the 1.5 per cent housing levy, warning that gaps in the current legal framework undermine compliance and limit revenue collection. Appearing before the National Assembly Departmental Committee on Finance and National Planning during…
Busia Senator Okiya Omtatah has formally petitioned the Senate to investigate what he describes as irregular development of Affordable Housing projects on public and community land, warning that the programme risks becoming “a cover for land grabbing.” In a request for a statement submitted to the Senate Standing Committee on Land, Environment and Natural Resources,…
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…
