Kenya Sugar Board CEO Jude Chesire speaking during the Informa Africa Sugar Conference. Photo Courtesy
State unveils strategy to transform sugar sector into bio-economy and energy hub
Kenya is in the process of transforming the vast sugar sector into a bio-economy and energy hub through a decisive shift from traditional sugar production to a diversified agro-industrial model focused on ethanol and renewable energy. Addressing the Informa Africa Sugar Conference, the Kenya Sugar Board (KSB) CEO and Chairman of the International Sugar Organization…
Gichugu Law Courts sign post. Photo Courtesy
Ex-Mwietheri SACCO employee charged in alleged Ksh8.9 million fraud
A former employee of Mwietheri Savings and Credit Co-operative Organization (SACCO)  Ltd has been charged with alleged fraud involving more than Ksh 9 million, following investigations by specialised detectives attached to the Sacco Societies Regulatory Authority (SASRA). Alfred Maina Munene was arraigned before the Gichugu Law Courts on Tuesday April 21, a day after his arrest…
Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and SACCOs assess and issue loans.
Kenya tightens lending rules in sweeping credit sector overhaul
Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and Savings and Credit Cooperatives (SACCOs) assess and issue loans. The proposed reforms seek to tighten lending standards, curb rising household debt, and introduce structured support mechanisms for borrowers struggling with repayments. Shift in…
Agriculture sector tops investor exits as private capital activity declines in Q1 2026
The agriculture sector recorded the highest proportion of investor exits across Africa in the first quarter of 2026 (Q1), underscoring shifting dynamics in private capital flows. According to the latest report by African market intelligence firm Stears, nearly 30 per cent of agriculture‑related transactions during the period involved investors pulling out. At the same time,…
KIPI Managing Director (MD) John Onyango addressing the press. Photo by Fredrick Odiero
Ministry of Trade, KIPI bank on Geographical Indications Bill to create jobs, boost farmers’ income
The Kenya Industrial Property Institute (KIPI) in conjunction with the Ministry of Investments, Trade and Industry is banking on the proposed Geographical Indications Bill, 2026, to transform Kenya’s agricultural and industrial sectors by boosting farmers’ incomes, creating jobs and positioning local products in premium global markets. The draft law seeks to establish a legal framework…
MSMEs Principal Secretary Susan Mang’eni speaking during a past event. File photo
Gov’t rolls out second phase of NYOTA youth entrepreneurship training
The government has officially kicked off the nationwide rollout of the second phase of classroom business skills training under the National Youth Opportunities Towards Advancement (NYOTA) Project, marking a major step in its effort to empower youth entrepreneurs across the country. The training, which began on April 20, Monday morning, is being conducted simultaneously in…
Commissioner for Cooperatives Development, David Obonyo, speaking during a past event-Photo|Courtesy
Government warns Saccos against borrowing to pay dividends
The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…
Kenneth Mutahi (center), CEO of Kenya National Chamber of Commerce and Industry speaking during a previous press briefing-Photo|Courtesy
KNCCI urges targeted support as rising fuel costs hit transport, SMEs and export sectors
The Kenya National Chamber of Commerce and Industry (KNCCI) has sounded the alarm over escalating fuel and logistics costs, warning that the burden is already weighing heavily on transport operators, small and medium-sized enterprises (SMEs), and export sectors. In a statement, the chamber noted that the latest surge in fuel-related expenses is driving up food…
Airport Sacco faces KSh49.9 million loan default by former officials and staff
Airport Sacco is grappling with a massive loan default amounting to KSh49.96 million, owed by former board members and employees, according to a Supervisory Committee report presented ahead of the institution’s Annual General Meeting. The report reveals that the former Chief Executive Officer alone owes KSh27 million, while the former chairman is indebted to the…
Kakamega Governor Fernandes Barasa addressing residents recently. File image
Kakamega women, youth benefit as County disburses Ksh 12 Million to boost income generating projectsÂ
Women self-help groups and youth from Kakamega County are smiling after the County Government of Kakamega has disbursed Ksh 12 Million to help them boost their income generating projects. According to the County, 120 groups of the County Youth Service and Women Empowerment Programme (CYSWEP) in all the 60 wards and each ward which has two registered…
