Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The National Treasury and Economic Planning Cabinet Secretary (CS), John Mbadi has said the National Treasury has set aside Sh120.2 billion to the housing and settlement sector in the 2025/26 financial year. Mbadi said the move is aimed at bridging the widening gap in home ownership, particularly in urban areas. Speaking during the 4th Kenya…
Lands, Housing and Urban Development Cabinet Secretary (CS) Alice Wahome has called on private sector players to actively support Kenya’s Affordable Housing Programme, amid a massive Ksh326 billion annual financing shortfall. The CS announced that the government was exploring partnerships with commercial banks, retirement benefit schemes, mortgage schemes, SACCOs, development partners, and the wider business…
The Senate Committee on Delegated Legislation has consented to the Affordable Housing Regulations 2025 to facilitate seamless implementation of the Affordable Housing Programme. Chaired by Senator Mwenda Gataya (Tharaka Nithi), the committee was taken through the objectives and key components of the proposed Regulations, which are set to guide the implementation of the Affordable Housing…
Landlords across Kenya are opting to keep rental rates steady despite the turbulent nature of the economy, this is in a bid to maintain occupancy levels. The trend, observed in the second quarter (Q2) of 2025, comes as the cost of living continues to erode disposable incomes and tightens tenants’ wallets. At the same time,…
Kenya Commercial Bank (KCB) is set to sell 7 residential units, owned by real estate developer Mahugu Limited, to recover a substantial loan amount. This comes after the court cleared the bank to proceed in the loan recovery spree. The ruling by Justice Peter Mulwa comes amidst a Ksh446 million loan dispute and claims by…
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…
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…
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…
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…
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,…
