Naipa seeks to freeze New KCC assets over Sh420 million claim
A supermarket has moved to court over a dispute with the dairy processor. Planned restructuring at the state-owned firm has raised concerns over the recovery of disputed funds. The legal battle stems from a distribution agreement that provides for arbitration. Naipa Supermarkets Limited has moved to the High Court in Lodwar seeking orders to freeze…
Livestock takes nearly half of AFC’s Sh19.91B loans
Livestock farming has emerged as the largest beneficiary of AFC’s agricultural lending since 2022. Saccos and microfinance institutions are helping extend agricultural credit to farmers through a dedicated financing facility. Agro-processing remains a smaller part of AFC’s lending despite its potential to boost value addition in agriculture. The Agricultural Finance Corporation (AFC) has advanced Ksh19.91…
Dormant members account for 24pc of Sacco membership
Sacco membership continues to grow, but a rising share of members are becoming inactive. Dormancy rates reveal a widening gap between deposit-taking and non-withdrawable deposit-taking Saccos. SASRA is urging Saccos to investigate why members go inactive and develop products to bring them back. Dormant members now account for 24.14 percent of all members in regulated…
A supermarket refrigerator affected by a cyberattack that disrupted cooling systems and led to food spoilage across France. PHOTO| DW
Cyberattack hits over 400 French supermarkets, spoils food
A cyberattack has disrupted operations at hundreds of supermarkets in France. Retailers are counting the cost of widespread refrigeration failures. Investigators are examining vulnerabilities in equipment used to preserve food supplies. More than 400 supermarkets in France were affected by a cyberattack that forced refrigeration systems to heat up to 50°C, destroying fresh and frozen…
NSE CEO Frank Mwiti
NSE to host National SACCO and Capital Markets Forum in Naivasha
The Nairobi Securities Exchange (NSE) will host the National SACCO and Capital Markets Forum in Naivasha from November 25 to 27, 2026, bringing together stakeholders to explore investment opportunities and strengthen links between Savings and Credit Cooperative Organisations (SACCOs) and Kenya’s capital markets. The three-day forum will be held at Lake Naivasha Resort and will…
President William commissions the Ziwa 2 Earth Dam Irrigation Project in Soy Constituency, Uasin Gishu County.- PHOTO| courtesy
Ruto commissions Ziwa 2 Earth Dam to irrigate 500 acres in Soy
Soy farmers are set to benefit from a new irrigation project commissioned by President William Ruto. Plans are underway to expand the scheme and bring thousands more acres under irrigation The project is expected to open new opportunities for farmers beyond traditional rain-fed agriculture. President William Ruto has commissioned the Ziwa 2 Earth Dam Irrigation…
Bad loans fall to 44-month low as bank lending expands
Bad loans in Kenya’s banking sector have dropped to their lowest level in nearly four years. Private-sector credit has expanded, raising questions about who is benefiting from increased lending. Lower lending rates offer relief, but household incomes and business cash flow remain critical to loan repayment. Banks record a sharp improvement in loan performance as…
Long queues at banks as tea farmers check their KTDA bonus
Tea farmers flocked to banks and Saccos to confirm their 2025/2026 KTDA bonus payments. Bonus rates varied across factories, with growers expressing mixed reactions over the amounts received. Farmers urged factory boards to improve tea quality, reduce costs and secure better bonus rates next year. Tea growers moved to the banks to confirm the amount…
KRA customs revenue hits Sh90 billion, beats target
The Kenya Revenue Authority (KRA) collected Ksh90.05 billion in customs revenue in September 2026, surpassing its monthly target as imports of motor vehicles and containerised cargo recorded growth. The collections rose by 5.8 per cent from the Ksh85.15 billion realised in September 2025, reflecting an increase in revenue generated from international trade. The amount also…
Farmers who received avocado seedlings. PHOTO| courtesy
Nandi farmers swap maize for avocado as losses mount
Nandi farmers are turning to avocado after repeated maize losses. A tree-planting campaign targets two million trees across four sub-counties. Growers face a waiting period before avocado trees deliver reliable returns. Maize fields across parts of Nandi County are giving way to young avocado orchards, as growers who have lost money season after season look…
