The Leading Newspaper for Co-operative Movement in Kenya
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Kenyan CEOs want the government to cut business costs, make credit cheaper and clear pending bills owed to firms. High operating expenses, weak purchasing power and policy uncertainty remain major concerns for businesses. Despite the challenges, firms see technology adoption, stronger demand and market expansion as key growth opportunities. Kenya’s private-sector leaders have intensified calls...…
Metropolitan Sacco faces possible winding up after a fresh inquiry found continued financial distress. Authorities are weighing three options as members seek access to their savings. Nearly all of the Sacco’s loan book was reportedly in default, deepening concerns over its survival. The government is considering winding up Metropolitan Sacco after a fresh inquiry found... The post Metropolitan…
Forward Travellers Sacco has hosted MSL Sacco for a corporate-to-corporate benchmarking visit, bringing the two institutions together to exchange ideas on strengthening Sacco operations. The engagement gave both Saccos an opportunity to share best practices in operations, service delivery, governance, member engagement and business growth. According to Forward Travellers Sacco, the benchmarking…
Banks have increased lending to MSMEs as falling interest rates make credit more affordable. The latest figures reveal which lenders are leading the race to finance small businesses. Lower borrowing costs are encouraging stronger demand for credit across key sectors of the economy. Kenyan businesses are gaining easier access to bank financing, with lenders advancing... The post Banks step up…
Imarika Foundation is set to host a cultural fundraising luncheon in Kilifi County to support bright but financially needy learners, combining heritage celebrations with an education fundraising drive. The event is scheduled for Saturday, August 22, 2026, at Imarika Plaza from 11am, and will bring together cultural festivities with fundraising for education support. Leaders from... The post…
KRA proposes changes that could cut clearance costs and delays for small importers using shared containers. Traders may soon pay only for handling and clearing their own consignments instead of shared costs. Dedicated de consolidation facilities could help speed up cargo separation and reduce extra charges. Small-scale importers could soon face fewer costs and delays... The post KRA seeks easier…
ACCOSCA takes Africa’s cooperative finance experience to a major global dialogue in Fiji. The engagement highlights how cooperative finance can drive inclusive economic participation. African and Pacific stakeholders explore stronger collaboration to advance the cooperative movement. The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) has taken Africa’s cooperative…
A fresh dispute is brewing in Kenya’s tea sector, with allegations of a campaign to destabilise KTDA. A leaked audit on factory loans has intensified tensions as farmers weigh calls for action. The controversy comes as tea growers push for better returns and question proposed changes in the sector. Interested parties are allegedly bankrolling a... The post Who is funding dishonesty in Kenya’s tea…
Absa and Simba Corp strike a deal to make vehicle financing more accessible to Kenyan businesses. SMEs can secure high financing for commercial vehicles, with repayment periods stretching several years. Schools purchasing buses will get full financing under terms designed to ease cash flow pressure. Absa Bank Kenya has partnered with local conglomerate Simba Corporation... The post Absa Bank…
Police Sacco brings together delegates and leaders in Mombasa for a leadership workshop. Sessions focus on strengthening member representation, advocacy and leadership skills. The forum seeks to equip delegates to better serve the Sacco’s growing membership. Kenya National Police DT Sacco has begun its Cohort Three Delegates Workshop in Mombasa. The event brings together the... The post Kenya…
Butere groups receive Sh5 million to boost income generating activities. The grants target women, youth, widows and persons with disabilities. Women, youth, persons living with disabilities and widows in Butere Sub County received Ksh5 million under the Social Protection Grants Programme aimed at boosting local enterprises and improving livelihoods. The funds benefited 100 groups spread... The…
Kilifi Saccos receive Ksh30.5 million to expand farmer financing. Government links cooperative funding to new irrigation opportunities. Stronger Saccos are expected to improve market access and farmer incomes. Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has handed over Ksh 30.5 million to eight local savings and credit cooperative organisations (Saccos) in Kilifi…
Kagwe wants faster irrigation expansion to boost Kenya’s food production. Sh79 million Ndigiria Water Pan project will support a 50 acre irrigation scheme. Government plans to capture more rainwater and reduce reliance on rainfall. Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has called for a rapid expansion of irrigation across Kenya as the... The post Kagwe pushes…
United Nations DT Sacco hosts Yetu DT Sacco for sector benchmarking. The Saccos exchanged ideas on improving operations and performance. The visit highlights the growing role of knowledge sharing in strengthening Saccos United Nations DT Sacco (Deposit Taking Sacco) has hosted a delegation from Yetu DT Sacco Limited for a benchmarking session aimed at sharing... The post United Nations, Yetu…
Nairobi leads Kenya in internet use, while West Pokot trails far behind. Rural communities face wider gaps in connectivity, devices and digital skills. Experts warn the digital divide could deepen inequalities in education and jobs. Kenya’s digital divide has widened sharply, with new county level data showing Nairobi is the most connected county while West... The post Kenya’s digital divide:…
Youth remain largely unaware of Sacco benefits. CEO calls for cooperative education in schools. Digital marketing could attract more young savers. The low adoption of cooperatives as a means of investment and savings among young people in the country has been blamed on stakeholders’ poor marketing and educational programmes in the sector. To change the... The post Sacco CEO urges youth education…
Taita Taveta’s agricultural potential could grow significantly with expanded irrigation investment. Governor Andrew Mwadime wants water challenges tackled to unlock farming, jobs and food production. New programme targets livestock, dairy, fruits, edible oils and rice as key growth areas. Taita Taveta Governor Andrew Mwadime has called for more investment in irrigation infrastructure to boost…
Gikomba Market is getting three modern blocks to improve safety and trading conditions. Phase One will provide stalls for up to 7,000 traders. The complex will feature a day care centre, ICT hub and fire station. Nairobi’s Gikomba Market is undergoing a major transformation, with three multi-storey blocks rising as the government replaces its congested... The post Gikomba Market transformation to…
TBK and KTDA team up to strengthen Kenyan tea marketing. 71 KTDA factories could gain greater visibility for their unique tea brands. The push aims to expand value addition and improve farmer returns. The Tea Board of Kenya (TBK) and the Kenya Tea Development Agency (KTDA) are exploring closer collaboration to strengthen the marketing of... The post TBK, KTDA partner to boost tea value and farmer…
Nakuru distributes 7,000kg of sunflower seeds to 2,500 farmers. County targets 30,000 acres of sunflower farming in three years. Programme aims to cut edible oil imports and boost farmer incomes. The County Government of Nakuru has distributed 7,000 kilograms of certified sunflower seeds to 2,500 farmers to boost local edible oil production. The programme aims... The post Nakuru farmers receive…
