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World Bank allocates Ksh97 B to boost Kenya’s anti-corruption and governance reforms
World Bank approves Ksh97 billion to support Kenya’s anti-corruption efforts, governance reforms, and better public financial management. Funds will strengthen transparency through stricter procurement rules, improved financial oversight and enhanced systems to curb fraud and misuse of public resources. The World Bank, through the Second Green and Resilient Inclusive Growth Development Policy Operation (DPO), has…
Ikolomani MP Bernard Shinali, the Chairperson of the National Assembly's Departmental Committee on Trade, Industry and Cooperatives. Photo/Courtesy
MPs question Ksh100,000 deposit insurance ceiling under proposed Sacco law
MPs have questioned a proposal in the Sacco Societies (Amendment) Bill, 2025 to cap deposit insurance compensation at KSh100,000, warning that the limit could leave members with larger savings exposed if a SACCO collapses. Lawmakers urged SASRA to adopt a more flexible and depositor-friendly framework that strengthens oversight, protects members’ savings, supports innovation, and avoids…
MP Bernard Shinali, Chairman of the Committee on Trade, Industry and Cooperatives. Photo Courtesy
MPs call for stronger protection for SACCOs savings as Amendment Bill comes under scrutiny
Members of the National Assembly Departmental Committee on Trade, Industry and Cooperatives have called for the inclusion of stronger safeguards in the proposed Savings and Credit Cooperative Societies (SACCOs) legislation, saying the law should better protect members’ savings while promoting accountability and efficiency without imposing excessive bureaucratic requirements. The committee, chaired by Bernard Shinali, met…
Kisii Governor Simba Arati speaking during a past event. Photo Courtesy
Kisii Governor urges Boda Boda riders to join Saccos, invest in Agribusiness
Boda boda operators in Kisii County have been urged to join Savings and Credit Cooperative Societies (Saccos) to improve their access to affordable credit, diversify their sources of income, and strengthen their financial stability. Speaking during a meeting with more than 500 boda boda riders at Kisii Stadium, Kisii Governor Simba Arati encouraged the operators…
Kisumu bar owners urge parliament for inclusive Tobacco Bill consultation
100-metre rule impractical: Andrew Matoka emphasized that restricting tobacco and nicotine sales within 100 metres of schools and child-centered facilities is unrealistic in densely populated urban settings. High licensing costs burden: Erick Ogutu noted that bar owners already face expensive licensing and complex compliance requirements, warning that the new bill risks adding further burdens without…
PS Susan Mang'eni speaking during the KDC Customer Networking Forum in Nairobi-Photo|Courtesy
Government expands affordable credit access to boost MSME growth, create jobs
The government is intensifying efforts to unlock financing for micro, small and medium enterprises (MSMEs) by widening access to affordable credit and introducing tailored financial products for different categories of entrepreneurs. Speaking at the Kenya Development Corporation (KDC) Customer Networking Forum in Nairobi, Principal Secretary for MSME Development Susan Mang’eni emphasized that bridging the financing…
Abdi Mohamed has been appointed Chief Executive Officer of I&M Bank Kenya
Abdi Mohamed named I&M Bank Kenya CEO after resignation from ABSA
I&M Group PLC has appointed Abdi Mohamed as the Chief Executive Officer of I&M Bank Kenya, days after his resignation from Absa Bank Kenya was formally announced. In a notice to shareholders issued on Monday, the lender announced that Mohamed will join the bank from Absa Bank Kenya PLC, where he has been serving as…
Kenya secures KSh7.8 billion development package from Germany
Kenya has secured a KSh7.8 billion development cooperation package from Germany to support key economic programmes over the 2026 – 2028 period, strengthening the long-standing partnership between the two countries. The funding was announced after the Kenya- Germany biennial government-to-government development cooperation negotiations held in berlin, where both governments reaffirmed their commitment to expanding economic…
PS, Jonathan Mueke (4th left) with leaders from FINAS Summit 2026 during the launch of NASIP 2026-2030 at KICC-Photo|Courtesy
Kenya launches KSh1.081 trillion plan to transform agriculture sector
Kenya has unveiled a KSh1.081 trillion National Agri-food Systems Investment Plan (NASIP), a bold five-year blueprint designed to modernize agriculture, strengthen food security, and drive rural economic growth, covering the period 2026 to 2030. The plan was officially launched during the opening of the Financing Agri Food Systems Sustainably (FINAS) Summit in Nairobi, marking a…
A trader at the Gikomba market, Nairobi-Photo|Courtesy
93% of women traders in Kenya lack formal business training, survey finds
A new survey has revealed that the majority of women traders in Kenya have never received formal business or enterprise development training, limiting the growth and sustainability of their businesses. The research, conducted by social enterprise WOW MOM Kenya with support from the International Development Research Centre (IDRC), found that 93 per cent of women…
