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

Ruto, Raila commission Ksh66 billion Makasembo Housing Project in Kisumu

Sacco ReviewJuly 9, 202505 mins

President William Ruto and former Prime Minister Raila Odinga officially commissioned Phase I of the Makasembo Affordable Housing Project in Kisumu on Saturday, May 31. The project, developed by the Local Authorities Pension Fund (LAPFUND), marks a major milestone in the government’s affordable housing programme and the broader Bottom-Up Economic Transformation Agenda (BETA). Construction of…

Why Coops uptake in Affordable Housing program remains low

Sacco ReviewJuly 3, 202506 mins

Housing Co-operatives, SACCOs as well as Investment units of these Societies appear to have given the state-run affordable housing program a wide berth. A spot check of various players in the Housing Cooperatives Segment reveals lack of interest in the program by most while others cite numerous bottlenecks. Savings and credit co-operatives (SACCOs) Top Executives…

PS Hinga reveals ambitious housing plan as Housing levy surpasses ksh120 billion mark

Sacco ReviewJune 27, 202507 mins

Principal Secretary for Housing and Urban Development Charles Hinga has announced that the government has successfully collected approximately Ksh120 billion through the Housing Development Levy in a significant update on the Affordable Housing Program. Speaking in Mombasa at a meeting with the National Assembly Departmental Committee on Housing, Urban Planning and Public Works, Hinga revealed…

Boost for SMEs as multibillion warehousing facilities open doors at Tatu City, create 1,000 jobs

Sacco ReviewMarch 5, 202508 mins

Small and Medium Enterprises (SMEs) in the country are set to benefit from multibillion-dollar warehousing facilities that have opened doors at Tatu City in Ruiru, Kiambu County. The Link Warehousing & Logistics Park is a joint initiative between Tatu City Limited, Chandaria Properties, Mahesh & Tirth Construction, and Steel Structures. It is expected to provide…

Kisumu County Government hands over Ondiek Estate to NHC for redevelopment

Sacco ReviewMarch 4, 202505 mins

The County Government of Kisumu has officially handed over the old Ondiek Estate to the National Housing Corporation (NHC) for a major redevelopment project. The announcement, made by Governor Anyang’ Nyong’o, marks the settlement of a long-standing Sh900 million debt owed by the county to NHC. This debt, inherited from the defunct Kisumu Municipal Council,…

Property prices in Nairobi’s suburbs and satellite towns rise by 0.8%

Sacco ReviewJanuary 24, 202504 mins

HassConsult has published the Hass Property Price Indices for the fourth quarter of 2024, revealing notable distinctions between quarterly and annual property market trends. Quarterly sales prices in Nairobi’s suburbs and satellite towns rose by 0.8 percent, slightly up from 0.7 percent in the third quarter. On an annual basis, sales prices grew by 5.2…

Govt launches online platforms (ardhisasa) for land transactions

Sacco ReviewJanuary 23, 2025January 23, 202502 mins

The Ministry of Lands, Public Works, Housing and Urban Development has stopped use of old generation mutation forms for land transactions. The ministry has instead developed online platforms (ardhisasa) to assist in land transactions in the country. In statement by Director of Surveys Maritim Weldon dated 14th January 2025,the ministry says the online platform will…

Uwezo Fund Boosts Nyeri Town Constituency with Ksh 3.15 Million

Sacco ReviewJanuary 22, 202505 mins

In a significant step toward empowering local communities, Uwezo Fund cheques totaling Ksh 3,150,000 were presented to 19 groups in Nyeri Town Constituency. The event was presided over by Hon. Rahab Mukami, Nyeri County Women Representative, alongside Hon. Duncan Mathenge, MP for Nyeri Town, Uwezo Fund Chairperson Ms. Ann Njuguna, and Senior Assistant County Commissioner…

Kitui County Housing Cooperative Society eyes real estate growth with member-focused development plans

Sacco ReviewNovember 5, 202407 mins

The Kitui County Housing Cooperative Society Limited was started out of felt need by the Kitui County government staff in 2014. The society’s Chairman, Benjamin Musili Mukulo, further said the society is to be a world class housing cooperative society in the provision of real estate property services to the members for both the present…

Loss-making Home Afrika sells land, houses to clear loan

Sacco ReviewJuly 3, 2024July 3, 202405 mins

Home Afrika, a real estate company listed on the stock exchange, is selling some of its assets, including houses and land, in order to repay an outstanding loan of KSh79 million from I&M Bank. Home Afrika intends to sell six housing units from its Mitini Scapes Development, located along Kiambu Road and Lake View Heights in Kisumu. The purpose of this sale is to repay…