Parents turn to Saccos as fees top household budget priorities
Education loans surged by 27.1% in Q1 2026, reaching KSh24.81 billion, making school fees the second-largest reason for Sacco borrowing after land and housing. Parents increasingly prefer SACCOs for financing education, attracted by lower interest rates and flexible repayment plans compared to commercial banks. Parents are increasingly relying on Savings and Credit Cooperatives (Saccos) to…
Healthcare loans drive fastest growth in SACCO lending, outpacing housing and education
Healthcare loans recorded the fastest growth among SACCO lending categories, rising 31.03% year-on-year to KSh2.79 billion in March 2026. Overall SACCO lending expanded by 16.23% to KSh115.73 billion, with land and housing remaining the largest recipients, followed by education. Healthcare-related borrowing has emerged as the fastest-growing loan category among Savings and Credit Cooperative Societies (SACCOs)…
PS Njogu launches ‘Kazi Majuu’ football tournament to empower youth
Diaspora Affairs Principal Secretary Rosalyn Njogu has unveiled a football tournament dubbed Kazi Majuu, aimed at sensitizing young people on job opportunities available both locally and abroad. Speaking at Mitooni Primary School in Buuri Constituency, Meru County, Njogu said the government is committed to ensuring youth are informed about employment prospects, noting that more than…
Rice production to surge as Bunyala Irrigation Project reaches 62 pc completion
Kenya’s drive to enhance food production and strengthen national food security is set to gain momentum, with the expansion of the Bunyala Irrigation Scheme under the Lower Nzoia Irrigation Project now 62 per cent complete. Principal Secretary for Internal Security and National Administration Raymond Omollo said the government is making significant investments in production agriculture,…
Matungulu West Ward MCA Raphael Nzau, speaking during a previous event-Photo|Courtesy
Matungulu MCA urges boda boda riders to pursue technical training
Matungulu West Ward MCA Raphael Nzau, has encouraged boda boda operators in Machakos County to enrol in technical and vocational training institutions, saying additional skills will secure their future beyond motorcycle transport. Addressing riders in the Koma area, Nzau urged them to take advantage of nearby technical institutes and invest part of their earnings in…
CBK partners with Clearstream to attract foreign investment in gov’t securities
The Central Bank of Kenya (CBK) has introduced a new trading link that will allow international investors to participate in the country’s government securities market, a move expected to boost liquidity and expand foreign investment. In a statement issued on June 25, CBK confirmed that Luxembourg-based Clearstream has connected to Kenya’s Government Central Securities Depository…
Mr Costa Malai(right) one of the founder members of TATABA with banana farmers in Taveta
Taita-Taveta banana SACCO empowering farmers to reap huge returns from the popular crop
A Taita-Taveta cooperative society has taken the bold initiative of empowering banana farmers in order to boost their economic status. The Taita-Taveta Banana Farmers Cooperative Society(TATABA) is a farmers-owned cooperative dedicated to improving the livelihoods of banana farmers through production support, aggregation, value addition and market access. With more than 800 active members and still…
RUPSA Sacco Pushes for KUSCCO Insolvency over KSh17.7 billion liabilities
RUPSA Sacco has petitioned the High Court to place the Kenya Union of Savings and Credit Co-operatives (KUSCCO) under insolvency proceedings, citing severe financial distress that it says meets the threshold under the Insolvency Act. The matter is before the High Court’s Commercial and Tax Division, where RUPSA has asked judges to dismiss KUSCCO’s preliminary…
KRA rules out last-minute extension for filing 2025 tax returns
The Kenya Revenue Authority (KRA) has issued a stern reminder that all taxpayers must file their 2025 Income Tax Returns by midnight on Tuesday, June 30, 2026. The authority has made it clear that no extension will be granted this year, unlike in 2025 when extra time was allowed due to system congestion. In a…
PS Kilemi alongside KETSA officials during the launch. Photo Courtesy
KETSA launches Alternative Investment Fund to unlock new growth for teacher SACCOs
The Kenya Teachers SACCO Association (KETSA) has officially launched the KETSA Alternative Investment Fund (AIF), marking a major milestone in the transformation of Kenya’s cooperative movement and opening a new investment avenue for teacher-based Savings and Credit Cooperative Societies (SACCOs). The launch, held during the Association’s annual conference, brings to fruition a fund that has…
