Kuramo Founder and Chief Executive Officer (CEO) Walé Adeosun. Photo: Courtesy
Kuramo Capital Management seals Ksh.64.5B from African Pension funds to expand investment platform
Kuramo secured Ksh64.5 billion to expand investments across Africa. The funding is backed by African pension funds and development finance institutions. The firm says the platform will boost private investment and economic growth. Kuramo Capital Management has announced the closing of investment mandates worth approximately $500 million (about Ksh 64.5 billion). The funding comes primarily…
Officials from TDT, Cavalry Development Organization and the county government presenting the signed MoU. Photo Courtesy
Turkana County strengthens ties with development partners through new MoU
Turkana County signed an MoU with TDT and Cavalry Development Organization to better coordinate development projects. Deputy Governor Dr. John Erus said the partnership will align donor programs with county priorities and reduce duplication. The two organizations said the MoU strengthens their role in supporting development across key sectors. County Government of Turkana has strengthened…
Mining licence delays cost Kenya billions as investors pull back
Licence delays are stalling mining projects and costing Kenya billions in potential investment. Industry leaders warn regulatory bottlenecks are driving investors to competing markets. MESK is urging faster, more transparent licence approvals to unlock the sector’s growth. Kenya’s ambition to transform its mining industry into one of the country’s leading economic pillars is increasingly coming…
The newly launched Gaye Rural Sacco which is expected to provide affordable financial services to farmers. Photo: Courtesy
Taita Taveta launches Gaye Rural SACCO to tackle farmers’ credit access woes
Taita Taveta launched Gaye Rural SACCO to expand affordable credit for farmers. The SACCO will receive a Ksh3 million matching grant under NAVCDP. Leaders say the initiative will strengthen farming and boost rural incomes. Farmers in Taita Taveta County have for years turned to informal lenders and middlemen for credit, often at the cost of…
Why Saccos must be protected at all costs
For millions of Kenyans, a Sacco is far more than just a place to save money. It is a trusted financial partner that has helped families educate their children, build homes, launch businesses, and weather severe economic hardships. Unlike conventional financial institutions driven solely by corporate profit, Saccos are owned by the very people they…
Section of the event's attendees. Photo: Bonface Mulu
Kitui co-operators mark 104th International Co-operatives Day, Univision DT Sacco named best overall
Kitui County marked the 104th International Co-operatives Day under the theme Co-operatives for a Peaceful World. The county now has 463 registered co-operatives with 136,675 members and a capital base of Ksh17.3 billion. Univision DT Sacco was named the overall best Sacco after winning three other top awards. Kitui County marked the 32nd International Co-operatives…
Market stalls destroyed by fire at Machakos Mitumba Market, where more than 250 traders lost their businesses in the blaze. Photo/Stephen Muthini
Machakos County government hands over Sh12.5 million to fire victims as market rebuild begins
Machakos County gave Ksh12.5 million to over 250 traders affected by the Mitumba Market fire, with each receiving Ksh50,000 to restart their businesses. Reconstruction of the market has begun, with the county promising modern stalls and a space for every affected trader. More than 250 traders left counting losses after a fierce fire razed the…
Why Parliament must safeguard member-owned SACCOs
Xavier Lugaga urges Parliament to ensure the Sacco Societies (Amendment) Bill, 2025 strengthens governance without undermining member ownership and democratic control of SACCOs. A movement built by its members When Kenya’s economic history is written, the cooperative movement will earn a special chapter. Few institutions have empowered ordinary wananchi like Savings and Credit Cooperative Societies…
The National Assembly during a previous session-Photo|National Assembly KE
National Assembly dismisses misinformation on Sacco Amendment Bill, says legislation still open for public input
The National Assembly has dismissed what it called widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, saying claims that the legislation would create a government controlled “super Sacco” or hand the President power over Sacco leadership are false. In a public statement, the Assembly said the Bill, which seeks to amend the Sacco…
PS, Housing and Urban Development Principal Secretary Charles Hinga (R) together with Kisumu Governor Any'ang Nyong'o (L) during the launch of Baby Pendo Botanical Park in Kisumu. Photo/Courtesy
World Bank injects Sh42B into urban projects as Kisumu launches Sh306M transit upgrades
The World Bank, through the second phase of the Kenya Urban Support Program (KUSP II), has committed Ksh42 billion ($350 million) to the Government of Kenya to strengthen the capacities of 79 cities and municipalities across the country. Housing and Urban Development Principal Secretary (PS) Charles Hinga Mwaura announced that the program, which commenced in…
