Sacco borrowing costs to ease as lending rates keep falling
Saccos with bank loans can expect cheaper borrowing as interest rates fall, but tougher competition for member loans is coming. Regulated Saccos owed commercial banks a combined Ksh25.64 billion at the end of 2025. This is according to the Sacco Societies Regulatory Authority (SASRA) in its Sacco Supervision Annual Report, 2025. Because that debt tracks…
President William Ruto chairs a Cabinet meeting that approved the payment of verified government pending bills worth Ksh23.74 billion. PHOTO| courtesy
Pending bills worth Sh23.74 billion approved for payment
Suppliers and contractors are set to receive payments after Cabinet clears verified government debts. Small businesses owned by women, young people and persons with disabilities will receive priority. Claims dating back to 2005 feature in a long-running effort to settle outstanding government bills. Thousands of suppliers and contractors owed by the Government can expect payment…
Weru tea farmers face low bonuses as Mwindu cites poor roads
Tea farmers supplying Weru Tea Factory face uncertainty over their upcoming bonus payments. Poor feeder roads are increasing transport costs and eating into growers’ earnings. Susan Ngugi Mwindu warns that handling and packaging problems are putting tea quality and returns at risk. Tharaka Nithi Woman Representative Susan Mwindu has warned that tea farmers supplying Weru…
President William Ruto addresses farmers and other stakeholders during the Agriculture and Food Security Transformation Summit at Jamhuri Park ASK Showground in Nairobi.
Ruto eyes camel, buffalo imports to ease milk shortage
President William Ruto has floated the import of water buffaloes and superior camel breeds to ease Kenya’s persistent milk shortages. He spoke at the Agriculture and Food Transformation Summit at the Nairobi ASK Showground. The summit was themed Advancing Food Sovereignty, Job Creation & Shared Prosperity. There, he urged farmers and livestock officials to look…
Some of the equipment donated to groups as capital empowerment./ courtesy
Machakos launches economic empowerment drive for 680 groups
Machakos rolls out a new phase of its economic empowerment drive targeting hundreds of community groups. Farmers, traders and youth groups are set to benefit from equipment aimed at boosting daily incomes. Governor Wavinya Ndeti urges beneficiaries to protect the assets and use them to grow sustainable businesses. Machakos Governor Wavinya Ndeti launched a countywide…
KUSCCO borrowers must keep repaying loans, liquidator says
KUSCCO borrowers have been directed to continue servicing their loans as the liquidation process proceeds. The liquidator has invited creditors to submit formal claims for outstanding debts. Creditors who delay verifying their claims risk missing out on payments made before verification. Borrowers of the struggling Kenya Union of Savings and Credit Co-operatives (KUSCCO) must keep…
Industrial sugar duty hike lands in court as KAM objects
Manufacturers have challenged a sharp increase in industrial sugar excise duty at the High Court. KAM warns the higher levy could raise production costs, threaten jobs and weaken regional competitiveness. The court has directed respondents to file replies as the legal challenge proceeds. Kenyan manufacturers have taken the government to court over a sharp rise…
President William Ruto addresses farmers and other stakeholders during the Agriculture and Food Security Transformation Summit at Jamhuri Park ASK Showground in Nairobi.
Ruto orders tea value addition plant at Mombasa port
President Ruto orders a tea value addition plant at Mombasa port to boost farmers’ earnings. The government sets aside Ksh850 million to modernise underperforming tea factories. Farmers are urged to demand accountability over wide disparities in tea bonus payments. President William Ruto has ordered the construction of a large tea value addition plant at the…
Cooperatives Bill talks seek to settle national, county powers row
Parliament has opened fresh talks to resolve disputes over the Cooperatives Bill, 2024. The mediation committee is seeking agreement on regulatory powers between national and county governments. The proposed law aims to establish clearer rules for cooperative societies and strengthen sector oversight. Kenya’s cooperative sector could soon have a clearer division of regulatory powers between…
Participants during the Agriculture Summit 2026 in Nairobi./ courtesy
Kisii Sacco members attend national agriculture summit
Kisii Sacco leaders and youth members attend a national agriculture summit to learn new farming and business strategies. Deputy Governor Elijah Obebo urges the delegation to share lessons and build investment networks back home. Gusii Youth Bunge Sacco seeks new opportunities to expand its reach and support youth-led agribusiness. Kisii Youth Bunge Sacco chairman Dr….
