Verona Huruma NWDT Sacco membersbduring their AGM meeting. Photo by Obegi Malack
Verona Huruma NWDT Sacco urged to transist into fully DT-Sacco to enhance growth
Verona Huruma Regulated Non-Withdrawable Deposit-Taking (NWDT) Sacco has been urged to consider transitioning into a fully deposit-taking Sacco, even as it posted strong financial growth for the year ending December 31, 2025. Speaking at the Sacco’s Annual General Meeting, Nairobi County Director of Cooperatives Dolphine Aremo called on members and leadership to prepare for the…
Mandera farmers during the training. Photo Courtesy
Mandera trains lead farmers to boost community agricultural resilience
Twenty lead farmers from four sub-counties in Mandera County; Mandera East, Mandera North, Banisa, and Lafey have concluded a specialised training programme designed to enhance agricultural advisory services at the community level. The initiative implemented by the Rural Agency for Community Development and Assistance (RACIDA) through the Hanaano Programme, in collaboration with Concern Worldwide and…
President William Ruto with Chinese President Xi Jinping during a state visit to China-Photo|Courtesy
Kenyan exports gain duty‑free access to Chinese market under new trade deal
Kenyan exports will now enjoy duty-free access to the Chinese market, thanks to a new zero-tariff framework under the Kenya–China Early Harvest Agreement, which took effect on May 1, 2026. This agreement promises to provide Kenyan exporters with enhanced market access, expanding trade opportunities between the two nations. The Kenya–China Early Harvest Agreement is expected…
Digital transactions expose weaknesses in SACCO payment systems as regulators tighten oversight
Kenya’s cooperative lenders are facing mounting regulatory pressure as surging digital transactions expose gaps in their payment systems. Industry experts warn that the rapid growth of real‑time payments is testing the resilience of banks and SACCOs, raising concerns about transparency, compliance, and customer trust. According to BPC East Africa Country Manager Prashant Byndoor, real‑time payment…
Government securities lead SACCO investment portfolios as money market funds rise to 9 per cent
Government securities have emerged as the leading investment choice for regulated SACCOs, with money market funds also gaining traction and now accounting for 9 per cent of total financial investments. According to the Sacco Societies Regulatory Authority (SASRA), this marked a shift in strategy as SACCOs increasingly favour safer, more liquid assets to strengthen their…
Prime Cabinet Secretary Musalia Mudavadi with Japan's Foreign Minister Motegi Toshimitsu-Photo|Courtesy
Kenya, Japan move to deepen trade and investment ties
Kenya values its longstanding partnership with Japan, which has brought significant benefits across key sectors, Prime Cabinet Secretary Musalia Mudavadi has said. Mudavadi, who hosted Japan’s Foreign Minister Motegi Toshimitsu highlighted the countries’ shared commitment to deepening ties in trade, investment, development, and multilateral cooperation. Mudavadi praised Japan’s support through Official Development Assistance, especially in…
Members of a leading Sacco in Embu County during an AGM meeting, it turns out that most were dominated by elderly people hence the need to market the entities more to young people to inculcate the culture of savings into them.
SACCOs in Embu urged to target youth to boost saving culture
Management of Savings and Credit Cooperative Societies (SACCOs) in Embu County has been challenged to deliberately target young people in their recruitment and marketing campaigns, with the aim of fostering a culture of long-term saving and investment. It was further suggested that SACCO marketing initiatives be integrated into the education system, with experts visiting secondary…
Busia deputy governor Author Odera, with a section of SACCO officials, during the launch-Photo|Godfrey Wamalwa
Busia’s Mungatsi Sacco cleared to operate after lengthy registration hurdles
After years of bureaucratic delays, the Mungatsi Economic Warriors Cooperative Society has finally been cleared to operate as a fully registered Sacco in Busia County. The long‑awaited approval, granted after intervention by the Department of Trade and Cooperatives, has paved the way for the society to begin mobilising savings and offering credit services under a…
Government unveils policy brief to strengthen SME role in circular agri‑food economy
The government has rolled out a new policy brief aimed at positioning small‑ and medium‑sized enterprises (SMEs) at the center of Kenya’s transition toward a circular economy in the agri‑food sector. The document, dubbed “Strengthening policy frameworks to empower agri-food SMEs towards a circular economy in Kenya”, developed by the Ministry of Agriculture and Livestock…
CS Wycliffe Oparanya speaking during the meeting with promoters and delegates from Western Kenya counties-Photo|Courtesy
Western Region moves to establish “Tushirikiane DT Sacco” to boost economic empowerment
Residents of Western Kenya, comprising Bungoma, Busia, Kakamega, Trans-Nzoia, and Vihiga counties, are set to benefit from a new regional Savings and Credit Cooperative (SACCO) aimed at driving economic empowerment. The initiative, dubbed “Tushirikiane DT Sacco,” is being spearheaded by the Cabinet Secretary for Cooperatives, Wycliffe Oparanya, who on Saturday convened a high-level stakeholders’ meeting…
