Chief Executive Officer of the Sacco Societies Regulatory Authority (SASRA), David Sandagi-Photo|Courtesy
SACCO assets surpass Ksh1.2 trillion in first quarter of 2026
SACCO assets exceeded Ksh1.2 trillion following a 12.28 per cent year-on-year increase. Gross loans reached Ksh951 billion, underscoring growing member borrowing and SACCO confidence Land and housing attracted the highest SACCO lending, followed by education and agriculture. By Mercy Kokwon Regulated Savings and Credit Cooperative Societies (SACCOs) recorded strong growth in the first quarter of…
Mwalimu National Sacco, NCBA roll out Salo Xpress to cut payroll delays
Mwalimu National DT Sacco has partnered with NCBA Bank Kenya to unveil a digital payroll solution that promises to slash salary processing times from hours or even days to mere minutes. The platform, branded Salo Xpress, was launched on Wednesday at Mwalimu Towers in Nairobi as part of the Sacco’s wider digital transformation agenda aimed…
Machakos County Executive Committee Member for Lands, Nathaniel Nganga flanked by Chief Officer Antony Mutunga(Right,front) during a Press briefing on land rates on June 17,2026
County Assembly motion fails as Machakos proceeds with land rate collection under approved valuation roll
The County Government of Machakos will continue collecting land rates under the existing law, despite a motion by the County Assembly seeking to suspend the process. Lands Executive Committee Member Nathaniel Nganga said the Assembly had already approved the valuation roll — the legal basis for the new rates — and cannot reverse the process…
KNBS Director of Economic Statistics Benjamin Muchiri speaking during the launch of 2025 remittance households survey report-Photo|Courtesy
KNBS urges Saccos, financial institutions to launch affordable investment products
A report by the Kenya National Bureau of Statistics (KNBS) has urged Savings and Credit Cooperative Societies (SACCOs) to develop simple, reliable, and affordable investment products that can attract and channel remittances into productive investments. The report, titled 2025 Remittances Household Report, also urged financial institutions and county governments to develop simple, reliable and affordable…
Ahero Irrigation Scheme officials during a field work. Photo Courtesy
Ahero irrigation scheme secures Ksh 5.1Bn upgrade to cut farming costs
The Ahero Irrigation Scheme in Kisumu County is set for a major transformation following the allocation of Ksh 5.1 billion to modernize its irrigation infrastructure and transition to solar-powered operations, a move aimed at reducing production costs and enhancing agricultural productivity. The funding package includes Ksh 4.2 billion from the Japan International Cooperation Agency (JICA),…
a road side vendor selling groceries in Nairobi-Photo|Courtesy
Stakeholders reject harsh penalties in Street Vendors Bill, call for fairer measures
A proposal in the Street Vendors Bill, 2023, that seeks to impose fines of up to Sh200,000 on street traders has drawn sharp opposition from lawmakers, government officials, and market stakeholders, who argue the penalties are excessive and risk worsening the plight of thousands of Kenyans who rely on informal businesses for survival. The Bill…
Generational wealth: Building a legacy that lasts
In many societies, success is often measured by what one acquires during one’s lifetime. However, true financial success goes beyond personal comfort and extends to creating opportunities for future generations. This is the essence of generational wealth. Generational wealth refers to assets, resources, and financial advantages that are passed down from one generation to another….
Rising coffee returns renew hope for Kirinyaga farmers as maize returns decline
Farmers in Kirinyaga Central and Ndia constituencies have been encouraged to embrace coffee farming and reduce their reliance on maize cultivation, which stakeholders say yields considerably lower returns. Speaking at Kaitheri in Kerugoya, Kirinyaga Central, National Coffee Cooperative Union (NACCU) Chairman Felix Mwai noted that the two constituencies collectively produced 16 million kilogrammes of coffee,…
Ollin Sacco members cut celebratory cake on Saturday, June 13, 2026 to mark 50th anniversary. Photo/Courtesy
Ollin Sacco marks 50 years, shifts focus to young members
By Jane Mugambi Ollin Sacco marked its 50th anniversary on Saturday, June 13, 2026, unveiling an expanded growth strategy targeting young members and other professionals as it seeks to deepen financial inclusion and scale its asset base. The Sacco, which began in 1976 as a small teachers’ savings initiative in Kerugoya with just five members,…
Family Bank Managing Director and CEO Nancy Njau speaking di=uring a past event. Photo Courtesy
Family Bank secures CMA approval for NSE listing set for June 23
Family Bank has received approval from the Capital Markets Authority (CMA) to proceed with its listing on the Nairobi Securities Exchange (NSE), paving the way for the bank to offer its shares for trading on the public market. The listing, which will be undertaken through an introduction, will allow existing shareholders to trade their shares…
