Director, Mortgage, Caroline Wanjeri (left) and Kenya Mortgage Refinance Company CEO Johnstone Oltetia during the KMGT Product Launch
KCB unveils mortgage solution to unlock home ownership for Kenya’s informal sector
KCB Bank has launched a groundbreaking mortgage product targeting Kenya’s informal workforce, a move expected to expand access to affordable housing and reshape the country’s mortgage landscape. The new facility, offered at a single‑digit interest rate, is tailored for SMEs, artisans, boda boda operators, gig economy players, and digital content creators whose income streams are…
Bungoma Senator David Wakoli. He has raised concern over coffee pricing irregularities in Bungoma County
Bungoma coffee cooperatives face Senate probe over pricing irregularities
The Coffee Savings and Credit Cooperative Organizations (SACCOs) in Bungoma County are at the centre of Senate investigations following concerns over inconsistent coffee pricing that has affected farmer earnings. This comes after Bungoma County Senator, David Wakoli raised alarm over disparities in payments made through cooperative societies, citing variations between coffee cherry delivered to factories…
Neno Sacco customers urge expansion into domestic tourism to unlock Coast’s untapped potential
Customers using Neno Sacco’s coach and parcel services between the Coast and upcountry counties are urging the management to diversify into tourism‑oriented ventures, saying the move could unlock new opportunities in domestic travel and commerce. Businesspeople from Mombasa, Ukunda, Kilifi, and Malindi noted that despite Neno Sacco’s reliable fleet of VIP vans and buses suited…
Vihiga Governor Dr. Wilber Ottichilo signing the MoU with CGA. Photo Courtesy
Vihiga County, CGA strike deal to boost agribusiness
The Vihiga County Government and the Cereals Growers Association (CGA) on Wednesday inked a five-year memorandum of understanding deal, marking a significant step toward shifting the region’s agriculture from subsistence farming to a more commercial, business-driven model. The Cereals Growers Association, a national non-profit membership organization, works with farmers by providing access to critical information,…
CS Kagwe (l) alongside UK's Global Tea and Commodities Limited Chairman Nadeen Ahmed. Photo Courtesy
Kenya moves to put its tea on the London Marathon table in multimillion dollar UK deal
The agriculture and livestock development Cabinet Secretary (CS) Mutahi Kagwe has held high level talks with a leading United Kingdom (UK) based tea distributor, exploring bold new ways to market Kenyan tea to the world, including serving it to athletes at the prestigious London Marathon. Kagwe met with Nadeem Ahmed, Chairman of Global Tea and…
Magarini Sub-County Cooperative Officer, Edward Fondo speaking at his office. Photo by Tsozungu Kombe
Cotton farmers in Magarini urged to form SACCOs to improve livelihoods
Cotton farmers in Magarini Sub-County, Kilifi County, have been urged to form Savings and Credit Cooperative Organizations (SACCOs) and invest strategically to improve their living standards. Speaking to Sacco Review in his office in Marafa Town, Magarini Sub-County Cooperative Officer, Edward Fondo, noted that many cotton farmers in the area have yet to form Saccos….
Former CEO of Eco Pillar SACCO arrested in connection with KSh 100 million fraud
The former CEO of Eco Pillar SACCO, Linus Lokira, has been arrested in connection with a major financial fraud that allegedly resulted in a loss of over KSh 100 million to the institution. The suspect was taken into custody on April 26 by police in Kapenguria. OCS Evans Mose confirmed the arrest , stating that…
EALA MP Maina Karobia-Photo|Courtesy
Sacco leaders reject proposed merger Bill, warn of job losses and threat to small institutions
A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…
Some of the Banks in Kenya. File image
Banking sector dominates NSE dividend season as sixteen listed firms line up billions for shareholders
Kenya’s banking industry is once again cementing its dominance as the engine of shareholder returns on the Nairobi Securities Exchange (NSE), with at least seven banks among sixteen listed companies that have declared or announced dividends in what is shaping up to be one of the busiest pay-out seasons of 2026. The declarations, compiled by…
Daima Sacco annual members during the education forum. Photo Courtesy
Daima Sacco trains members on financial literacy
Daima Sacco Society Limited has intensified efforts to promote financial literacy among its members, with a strong focus on empowering young people to build secure financial futures. The recent annual members’ education session attracted significant engagement, with over 70 percent of participants drawn from the youth demographic. The session centered on practical approaches to saving…
