Stima SACCO National Chairman, Dr. (Eng.) Joseph Siror.
How Stima Sacco is driving financial empowerment through sustainability
Stima SACCO onboarded 20,674 members and disbursed Ksh29.19 billion in loans in FY2025, expanding financial inclusion. The SACCO is advancing sustainability through green financing, ESG integration, and alignment with key UN Sustainable Development Goals. Innovation and climate action are driving long term growth through digital transformation and environmentally responsible operations Stima DT Sacco, Africa’s second…
Govt to turn KUSCCO into federation under sweeping Sacco reforms
Government plans to transform KUSCCO into a federation under the proposed Cooperative Societies Bill. Oparanya says the reforms will strengthen governance, accountability and confidence in the Sacco sector. KUSCCO’s restructuring follows the Ksh13.3 billion scandal and ongoing asset recovery efforts. The government is preparing far reaching reforms in the cooperative sector that will see the…
(L-R) Ministry of Defence Principal Secretary Dr. Patrick Mariru, Chief of the Defence Forces (CDF) General Charles Kahariri, State Department for Housing and Urban Development Principal Secretary Charles Hinga, and KCB Bank Kenya Managing Director Annastacia Kimtai display the signed partnership documents during the official launch of the Kenya Defence Forces (KDF) Mortgage Scheme. Photo courtesy
KCB, KDF launch mortgage scheme to help 50,000 military officers own homes
KCB, KDF and government agencies launched a mortgage scheme for over 50,000 military officers. The programme will finance home purchases, construction, renovations and affordable housing. KDF says the initiative will boost troop welfare through increased home ownership. Kenya Commercial Bank (KCB), the Kenya Defence Forces (KDF), the Civil Servants Housing Scheme Fund and the Affordable…
Union moves to court to overturn KPC board Chair appointment
Union challenges Faith Bett Boinett’s appointment as KPC board chair in court. Seeks to stop key board decisions, including hiring a managing director. Wants all KPC Board resolutions since April 22, 2026, declared invalid. The Kenya Petroleum Oil Workers Union has moved to the High Court seeking to overturn the appointment of Faith Bett Boinett…
Michael Mutiga, the new Stanbic Bank Kenya CEO. Photo Courtesy
Stanbic Bank Kenya appoints Michael Mutiga as new CEO
Stanbic Bank appoints Michael Mutiga as CEO, effective August 1, subject to CBK approval. Mutiga joins from Safaricom after senior banking roles at Citibank and Barclays. He succeeds acting CEO Abraham Ongenge following Joshua Oigara’s regional promotion Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer (CEO), effective August 1, 2026,…
CS Kagwe engaging with farmers during a livestock sensitisation and tagging exercise in Kurawa, Tana River County. Photo/Courtesy
Mutahi Kagwe urges farmers to embrace livestock tagging to unlock export market
Kagwe urged farmers to embrace ANITRAC livestock tagging. The system aims to boost exports and improve traceability. Nationwide rollout targets higher farmer incomes and value addition. Cabinet Secretary (CS) Mutahi Kagwe has called on livestock farmers to fully embrace the Animal Identification and Traceability (ANITRAC) system, as the government pushes to open up high value…
CBK raises Ksh30.62B in oversubscribed Treasury bills auction
CBK raises Ksh30.62 billion in oversubscribed Treasury bills auction 91 day Treasury bill records strongest investor demand Government secures Ksh11.52 billion in net new borrowing The Central Bank of Kenya (CBK) raised Ksh 30.62 billion in a Treasury bills auction that attracted strong demand from investors, even as appetite varied across the three tenors on…
General Manager Operations & Strategy Simon Tanui, CPA(K), I-CUDE speaks at the Central, Eastern, and North Eastern Regions Top Savers Congress. During the training sessions, members engaged in impactful sessions on financial empowerment, savings culture and sustainable growth. This was an important milestone in the SACCO’s journey of empowering members through savings and investment.
Kenya National Police DT SACCO boosts financial literacy through regional member training
Regional financial literacy seminars empower top savers SACCO expands Corporate Social Initiative projects nationwide Members trained on savings, investments and cooperative growth The Kenya National Police DT SACCO embarked on regional top savers training seminars aimed at empowering its members on matters of financial literacy and economic empowerment and equipping them with valuable knowledge to…
Kenyans urged to safeguard savings amid Gulf fuel crisis
CEO urges Kenyans to safeguard savings and use fuel prudently amid Gulf crisis. Rising fuel prices are shrinking household savings, business profits and borrowers’ creditworthiness. Financial institutions say they can only advise members as they await government intervention. Kenyans have been urged to utilize their savings and fuel reserves prudently to navigate the economic hardships…
Arnold Munene, Group Managing Director, KUSCCO-Photo|Courtesy
Why Saccos are up against the provisions of the Finance Act, 2026
Finance Act 2026 introduces stricter tax compliance, faster reporting deadlines, and expanded KRA enforcement powers affecting Saccos. Saccos warn the changes could strain liquidity, increase compliance costs, and disrupt lending and member access to savings. KUSCCO is pushing for tax law amendments to protect co operative members and harmonise taxation with the Co operative Societies…
