Co‑operative Bank posts record quarterly profit as digital growth fuels expansion
Co‑operative Bank of Kenya has reported its strongest quarterly performance in history, posting a profit before tax of KSh11.37 billion for the three months ended March 31, 2026. The result, announced on May 13, represents an 18.1 per cent increase from KSh9.63 billion recorded in the same period last year. Profit after tax rose even…
President William Ruto, during his meeting with the United Nations Human Settlements Programme (UN-Habitat) Executive Director Anacláudia Rossbach-Photo|Courtesy
Ruto reaffirms affordable housing agenda at World Urban Forum in Baku
President William Ruto has reiterated his administration’s commitment to expanding Kenya’s Affordable Housing Programme during high‑level engagements at the World Urban Forum in Baku, Azerbaijan. Ruto made the remarks after meeting Anacláudia Rossbach, Executive Director of the United Nations Human Settlements Programme (UN‑Habitat), on the sidelines of the global summit on sustainable urban development. In…
Residents of Meru County during a public participation forum on the Budget Estimates organised by the National Assembly’s Budget and Appropriations Committee (BAC). Photo Courtesy
Meru residents push for bigger budget share for agriculture and youth empowerment
Residents of Meru County have called on the national government to prioritise agriculture and youth empowerment in the 2026/27 Budget, saying the two sectors hold the key to economic growth, job creation and improved livelihoods in the region. Speaking during a public participation forum on the Budget Estimates organised by the National Assembly’s Budget and…
Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya speaking during a meeting with the National Assembly Departmental Committee on Trade, Industry and Co-operatives on Saturday, May 16, in Mombasa. Photo Courtesy
Oparanya: Flaws in MSME and SACCO laws hurting sector growth
The government has admitted that weaknesses in existing laws governing Micro, Small and Medium Enterprises (MSMEs) and Savings and Credit Co-operative Societies (SACCOs) are slowing the growth and effectiveness of the sector. Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya told lawmakers that gaps in the current legal framework have undermined efforts to strengthen…
IPDAYS Nairobi x Silicon Savannah Startup Fair 2026 which brought together six Tunisian startups and 60-plus Kenyan ventures together at Konza-Photo|Courtesy
Konza hosts North African innovation forum as Kenya positions for startup corridor role
Kenya has strengthened its role as a regional innovation hub after the Konza Technopolis Development Authority (KoTDA) hosted a high‑level North African startup forum in Nairobi. The event, IPDAYS Nairobi x Silicon Savannah Startup Fair 2026, marked the first Kenyan edition of Inno’Preneurs Days (IPDAYS), Tunisia’s premier startup and intellectual property platform established in 2022….
CAK Chief Executive Officer Daniel Marube
Marube warns against rushed reforms in cooperatives, calls for more public participation
Cooperative Alliance of Kenya (CAK) Chief Executive Officer Daniel Marube has cautioned the government against rushing reforms in the cooperative sector, warning that hurried implementation of the proposed delegate system could undermine governance and erode member confidence. He called for more time to allow public participation and member education, particularly in rural and agricultural cooperatives….
Commissioner for Co operative Development David Obonyo-Photo|File
Government resumes Sacco registrations with tougher rules to safeguard members’ savings
The government has lifted its year‑long suspension on the registration of new Savings and Credit Cooperative Organisations (SACCOs), but applicants will now face stricter requirements aimed at strengthening governance and protecting members’ deposits. Speaking during the launch of preparations for this year’s International Co-operative Day celebrations, popularly known as Ushirika Day, Commissioner for Co‑operative Development…
Ruto heads to Baku to showcase Kenya’s housing agenda at the World Urban Forum
President William Ruto has left Nairobi for Baku, Azerbaijan, to attend the 13th Session of the World Urban Forum (WUF13), where Kenya will present its Affordable Housing Programme (AHP) as a model for sustainable urban development and economic transformation. The high‑level forum, convened by UN‑Habitat, brings together governments, investors, urban planners, civil society organisations, and…
Ecosteel CEO JohnKerry Okoth speaking yesterday. Photo by Juma Ndigo
Kajiado scrap metal dealers to form Sacco in push for business growth
Scrap metal traders in Kajiado County under Ecosteel association are set to establish a Savings and Credit Cooperative Society (Sacco) aimed at empowering members and strengthening the sector through improved access to financing, training, and business support. The initiative will be implemented in partnership with the Equity Group Foundation as part of efforts to formalize…
A vehicle intercepted by police officers carrying a large consignment of contraband sugar and milk.
Authorities intercept vehicle carrying smuggled sugar and milk at Busia border
Busia police and Kenya Sugar Board officials intercepted a vehicle suspected of transporting contraband sugar and milk during a routine patrol on Amoni–Works Road. The National Police Service reported on X (formerly Twitter) that officers seized several sacks of sugar and cartons of suspected illicit milk, believed to be smuggled from Uganda, during a vehicle…
