MPs push for interest cap on Sacco loans under in duplum rule
MPs have backed a proposal to extend the in duplum rule to Saccos, digital lenders and microfinance institutions, though Parliament has not yet passed the change. The proposal would cap interest on defaulted loans at the outstanding principal, protecting borrowers from excessive charges. If approved by Parliament, the amendment would extend protections currently available only…
Government raises wheat price to Ksh5,100 per bag
Government raised the 2026 wheat price to Ksh5,100 per 90 kilogram bag. More than 2,000 farmers will benefit from the higher producer price. Wheat harvest is expected to decline despite new measures to boost production. The government has raised the wheat producer price to Ksh5,100 per 90 kilogram bag for the 2026 season, up from…
Kagwe reaffirms sugar import ban ahead of crucial polls
Agriculture CS Mutahi Kagwe reaffirmed the sugar import ban and froze new import licences as Kenya Sugar Board elections were set for September 5, 2026. The elections will fill five grower director positions, completing the Board’s membership under the Sugar Act, 2024. The government said farmer arrears have fallen to Ksh265 million and pledged to…
Pamoja Canada Diaspora Sacco launches Sharia-compliant loans
Pamoja Canada Diaspora Sacco launched Sharia compliant Emergency, Education and Asset Finance loans for Kenyans in Canada. The products aim to give Muslim members faith compliant access to savings, investment and financing while promoting financial inclusion. Kenya’s Acting High Commissioner to Canada welcomed the initiative, saying it will strengthen savings, wealth creation and diaspora investment….
Trade finance crisis threatening Kenya’s farmers, co-operatives
Kenya’s agricultural export ambitions are facing a major financial hurdle as thousands of farmers, cooperatives and micro, small and medium enterprises (MSMEs) struggle to access affordable capital needed to take advantage of growing international demand. Despite the country’s strong agricultural base and expanding opportunities in overseas markets, many producers and small businesses remain unable to…
Trade finance access widens for Kenyan farmers, traders
KNCCI and Co-operative Bank have expanded trade finance for farmers, cooperatives and MSMEs. The partnership will support export financing, market access and business growth. Plans are underway to scale financing to Ksh5 billion. Limited access to affordable trade finance continues to prevent thousands of Kenyan farmers, cooperatives and micro, small and medium enterprises (MSMEs) from…
Council of Governors (CoG) Chair Ahmed Abdullahi. Photo courtesy
Agriculture drives Kenya’s economy as counties report record farm output
Agriculture’s GDP share rose to 23.2 per cent, with output valued at Ksh 4.07 trillion. Horticulture, coffee, tea and milk posted strong growth, while wheat and sugarcane output declined. Counties want more funding for irrigation, mechanisation and value addition. Agriculture remained the backbone of Kenya’s economy in the last financial year, with the sector’s share…
Seven tea factories post top prices at Mombasa auction
Seven tea factories fetched more than Ksh 388.08 per kg at the Mombasa Tea Auction, led by Mununga at Ksh 433.36 per kg. KTDA managed factories sold 2.46 million kg of tea, earning Ksh 822.8 million, despite lower volumes compared with the previous week. Rwanda recorded the highest average price at Ksh 372.81 per kg,…
Kileleshwa residents ask Senate to reject development policy
KIWANA has asked Senator Edwin Sifuna to reject the Nairobi County Development Policy 2026 and table its petition in the Senate. Residents say the policy lacks adequate public participation and could encourage unchecked high rise developments. The association wants sustainable development guided by proper planning and public consultation. The Kileleshwa Ward Neighbourhood Association (KIWANA) has…
West Kenya Sugar Company Chairman Jaswant Singh Rai (right) appearing before lawmakers alongside legal and business representatives.
Sugar millers push for tighter controls on raw sugar imports
Sugar millers want tighter controls on raw sugar imports to protect local producers. They urged enforcement of the Sugar Act, 2024 and Kenya Revenue Authority (KRA) rules to stop raw sugar reaching consumers. They warned excess imports are hurting local millers, jobs and tax revenue. Sugar industry stakeholders have urged the national government to regulate…
