KUSCCO shareholders approve liquidation, new body
KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…
Managing Director AFC George Kubai (center) receives the award at the Global Sustainable Finance Conference held at Karlsruhe City Hall in Germany.- photo courtesy
AFC wins global sustainability award in Germany
AFC wins global award for outstanding business sustainability. It becomes the first Kenyan institution to earn SSCI certification. Award recognises its focus on climate smart financing for farmers. Agricultural Finance Corporation (AFC) has been recognised at the Global Sustainable Finance Conference held at Karlsruhe City Hall in Germany, winning the “Outstanding Business Sustainability Achievement” award….
Mombasa launches interest-free fund for small traders
Mombasa launches interest free loans for small traders. Traders can access up to Ksh 15,000 under the first phase. Stawisha targets youth, women and marginalised groups. Mombasa County has rolled out a new economic empowerment programme called “Stawisha,” a revolving fund designed to give small-scale traders access to capital without the burden of interest charges….
Tharaka Nithi Governor Muthomi Njuki (left) launches Ndagani Narket for traders.- photo courtesy
Ndagani traders get new market in Tharaka Nithi County
Ndagani traders get a new market with space for 170 businesses. Traders ordered to leave roadside stalls for safety reasons. New facility includes a daycare centre for traders with young children. Small-scale traders in Ndagani, Tharaka Nithi County, are set to benefit from a newly constructed market as the county government moves to create a…
Principal Secretary for Trade Regina Ombam.- photo courtesy
Kenya backs proposal to extend AGOA to 2028
Kenya backs AGOA extension to 2028 for continued US market access. Tea, coffee, flowers and nuts could benefit from tariff free exports. Government pushes value addition to boost agricultural export earnings. Kenya has welcomed a proposal to extend the African Growth and Opportunity Act (AGOA) to December 2028, saying the move would provide exporters with…
NSE CEO Frank Mwiti. Photo/Courtesy
NSE half-year profit jumps 386pc on Safaricom block trade, IPO revival
NSE profit jumps 386% to Ksh 736.9 million in first half of 2026. Safaricom’s Ksh 204.3 billion block trade drives a major revenue boost. IPO activity returns as equity turnover and data revenue also surge. The Nairobi Securities Exchange (NSE) recorded a sharp rise in profitability for the first half of 2026, with net profit…
Joel Kyatha, named top commercial lawyer
Nairobi lawyer Joel Mbaluka ranked top in commercial law
Joel Kyatha Mbaluka named Kenya’s top commercial law statesperson for 2026. The recognition comes from The Lawyer Africa’s annual rankings. Mbaluka joins leading legal professionals recognised for expertise and impact. Nairobi-based commercial lawyer Joel Kyatha Mbaluka has been ranked the Top Statesperson (Highest Ranking) in Commercial Law in Kenya 2026. The recognition was conferred by…
wakulima Sacco delegate engages farmers in Kieni, Nyeri County.- Photo/Courtesy
Wakulima Sacco takes financial education to Kieni farmers
Wakulima Sacco has stepped up its grassroots engagement with farmers in Kiaragana, Endarasha and Kieni, Nyeri, as it seeks to strengthen members’ understanding of its financial products and services. During the engagement, the Sacco shared information on shares and deposits, loan products, medical and livestock insurance, as well as its mobile money platforms. The outreach…
Nairobi traders strike, march to KRA over rising taxes
Nairobi traders strike over rising taxes and import costs. Protesters march to KRA over the new cargo valuation. Traders warn higher costs could push up consumer prices. Small-scale traders in Nairobi have launched a strike and marched to Kenya Revenue Authority (KRA) offices to protest against rising taxes and import costs, saying the new measures…
Rwanda in talks over stake in Dangote’s Lamu oil refinery
Rwanda explores a stake in Dangote’s proposed Lamu refinery. Kenya has reportedly been offered a 10% equity stake. The project could become East Africa’s biggest energy investments. Rwanda has entered preliminary discussions over a potential stake in the proposed Dangote oil refinery in Lamu, as East African countries weigh participation in the multibillion-shilling project. Rwandan…
