Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya Mortgage Refinancing Company (KMRC) hopes there will be increased healthy competition in the sub-sector that has been dominated by commercial banks after Saccos entered into the mortgage space. They are now looking forward to making affordable housing a reality because Saccos offer loans at a low interest rate and are easily accessible to many…
Inadequate supply of affordable housing, high incidental costs, slow property registration and titling process and high cost of land for construction have been identified as some of the reasons most Kenyans are unable to own modern houses, a new report has shown. According to Kenya Mortgage Refinance Company (KMRC) 2022 Annual Integrated Report and Financial…
Landlords, property owners and Licensed Auctioneers of Kenya have expressed concerns over the newly proposed Landlords and Tenant Bill meant to repeal three current laws governing the real-estate subsector, and introduce one statute which will include all regulatory guidelines in the both residential and business premises. The landlords argue that the bill lacks an elaborate…
Dr Joseph Mwiti’s innovation of manufacturing cement using clay will serve as a welcome relief to thousands of Kenyans who aspire to build home. Dr Mwiti, a lecturer who teaches Chemistry at Meru University of Science and Technology (MUST), believes that using clay to make cement will revolutionize construction and provide a solution to high…
By Stephen Makabila Under the Big 4 Agenda of President Uhuru Kenyatta’s last five years in office ahead of his retirement in year 2022, the co-operative sector is expected to be instrumental in the achievement of these agenda namely- Food Security, Affordable Housing, Manufacturing and affordable Health Care for all. The Co-operative sector is supposed…
By Mary Ndung’u The Kenyan housing sector is extremely ripe for profitable involvement and participation by the various players in the property value chain. From the soon to be launched Kenya mortgage refinance company (a concept developed and currently in the process of implementation by the National treasury), to the government’s big four agenda that…
By James Wakahiu Over 5,260 shareholders of Broad Borders Housing Co-operative have received Sh4 million dividends for the year ended December 2017. In an annual general meeting held at a hotel in Murang’a, the shareholders resolved to be paid dividends at a rate of 12 per cent. The Housing Co-operative Chairman Jeremy Karemeri said the…
By Staff Reporter Savings and Credit Cooperatives Societies (Saccos) have been advised to organize themselves to benefit from the government’s blue print projects. Co-operative Commissioner Mary Mungai identified the Government’s plan to construct one million housing units as one where the players can actively participate. Investing in affordable housing units is part of the government’s…
By Our Reporter National Co-operative Housing Union Chair Francis Kamande has said that only 16 per cent of urban dwellers own houses while the rest live in rented houses. Kamande said by 2030, at least 50 per cent of Kenyans will be living in towns hence the need to invest in real estate. “In 2009,…
