President Ruto to grace the launch of Shirikiana SACCO in Kakamega
President William Ruto will preside over the official launch of Shirikiana SACCO at Masinde Muliro University of Science and Technology (MMUST) in Kakamega County on Saturday, June 13, 2026. The event, hosted by Cabinet Secretary for Co‑operatives and MSMEs Development, Wycliffe Oparanya, marks a significant milestone in advancing financial inclusion and strengthening the cooperative movement…
Cabinet Secretary, National Planning and Economic Planning, John Mbadi presenting the 2026/27 Budget in Parliament,-Photo|Courtesy
Mbadi: Hustler Fund disburses KSh 87bn, reaches 28 million accounts since launch
The National Treasury has announced that the Hustler Fund has disbursed Sh87 billion since its launch in 2022, reaching 28 million accounts and extending formal financial services to millions of Kenyans who previously had little or no access to credit. Treasury Cabinet Secretary John Mbadi revealed the figures while presenting the 2026/27 Budget Statement in…
Credit Bank Founding Director. Mrs Grace Nyachae-Photo|Courtesy
Credit Bank commits KSh1 billion to boost MSMEs, expand branch network
Credit Bank has committed KSh1 billion in 2026 to support micro, small and medium‑sized enterprises (MSMEs) through financing and transaction banking solutions, in a bid to spur business growth and job creation across Kenya. The lender said the funds will be directed to businesses across diverse sectors, providing access to trade finance, working capital, asset…
Nandi County joins Heifer International in rollout of dairy fodder project targeting 50,000 farmers
Tens of thousands of smallholder dairy farmers in Nandi County stand to benefit from improved feed access and higher milk yields following the launch of a major agriculture initiative backed by Heifer International. The County Government of Nandi has officially joined Heifer International in rolling out the Transforming Yield Through Feed and Fodder Access in…
TBK Chief Executive Officer (CEO) Willy Mutai. Photo/File
Tea Board bust myths on levy, says unsold stock crisis is a market season problem
Tea Board of Kenya (TBK) has issued a clarification addressing misinformation surrounding the newly introduced Tea Levy. TBK insists the levy is not responsible for unsold tea stocks in Mombasa, price fluctuations, or reduced global competitiveness. The board says no abnormal tea stockpile exists at the Mombasa auction. By Benedict Aoya The Tea Board of…
Safaricom to compensate M-Teen Account innovator Ksh1.4 B over copyright infringement
The plaintiff alleged that Safaricom adopted his original idea after he presented it to company executives in 2021. The feature allows parents to monitor and control teenagers’ spending through linked mobile wallet details. Nairobi High Court ruled in favour of the innovators, finding that Safaricom implemented the idea as presented. By Ochola Victor Safaricom is…
Cabinet Secretary, National Planning and Economic Planning, John Mbadi presenting the Budget Statement for Financial Year 2026/27 to the National Assmebly
Govt allocates Ksh50 billion to strengthen Affordable Housing programme
Government has allocated Ksh50.6 billion for the Affordable Housing Programme in the 2026/27 financial year. Treasury CS John Mbadi said the investment is aimed at accelerating construction of affordable housing units nationwide. The programme is also expected to create jobs across the construction sector, including labour, materials supply, and related services. By Frank Mugwe The…
The National Assembly Departmental Committee on Roads and Transport, led by Vice Chairperson Didmus Barasa.
Long-delayed Kisumu road project regains momentum after funding boost
A parliamentary committee has expressed satisfaction with the progress of the long-delayed Ksh16.7 billion Mamboleo-Miwani-Chemelil-Muhoroni road project, saying accelerated construction works and improved funding have put the flagship infrastructure project back on track. The National Assembly Departmental Committee on Roads and Transport, led by Vice Chairperson Didmus Barasa, made the assessment after inspecting the project…
Newly elected chairperson of the International Co-operative Alliance Africa, McLoud Malonza
Newly elected ICA Africa Chair Malonza calls countries to reduce dependence on imports
Newly elected chairperson of the International Co-operative Alliance Africa, McLoud Malonza, has called for stronger regional supply chains and reduced dependence on imports, saying Africa’s long-term prosperity depends on producing more of what it consumes. Malonza, who also chairs Co-operative Bank Holdings and the Co-operative Alliance of Kenya (CAK) was elected unopposed after securing all…
Cabinet Secretary National Planning and Economic Planning John Mbadi
Gov’t plans to end zero-rated VAT for affordable housing
The government has announced plans to scrap the zero-rated Value Added Tax (VAT) status currently applied to affordable housing projects, signalling a major change in the taxation of one of its flagship development programmes. Speaking during a press briefing, National Treasury Cabinet Secretary John Mbadi said the proposed reforms will be included in the 2026…
