Business & Finance - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Kinyanjui urges Kenyan firms to step up local manufacturing

Sacco ReviewOctober 15, 202605 mins

Kenya is being urged to shift from importing goods towards expanding its domestic manufacturing capacity. Business leaders are highlighting regional markets as an opportunity to drive investment and economic growth. Calls for predictable taxes and simpler licensing are adding to the debate on how to strengthen local enterprises. Investments, Trade and Industry Cabinet Secretary Lee…

Kisumu County Assembly approves special economic zone plan

Sacco ReviewOctober 15, 202604 mins

Kisumu is moving to establish a new investment hub focused on life sciences and pharmaceutical manufacturing. The proposed project is drawing attention to the county’s push to attract industries and expand opportunities for young people. A land donation has helped advance plans for the proposed development in Muhoroni. The County Assembly of Kisumu has approved…

Safaricom urges stronger cybersecurity as AI threats rise

Sacco ReviewOctober 15, 202605 mins

Safaricom is calling for stronger safeguards as artificial intelligence reshapes the cybersecurity landscape. Kenya’s rising cyber threat activity is intensifying pressure on organisations to strengthen digital protection. Small businesses are facing growing calls to prioritise security as they expand their use of digital services. Safaricom has called for stronger cybersecurity safeguards as the growing adoption…

Nairobi coffee auction fetches Sh695 million in Sale 2

Sacco ReviewOctober 14, 2026October 14, 202603 mins

Nairobi Coffee Exchange (NCE) sold 15,072 bags on October 13, 2026, earning Ksh695 million as buyers cleared almost every lot offered. Sale 2 of the 2026/2027 season brought 958 lots from 15 marketing agents to the floor. Together they weighed 932,861 kg. Gross value reached US$5.35 million, and the average price settled at US$287 for…

Cyberattack hits over 400 French supermarkets, spoils food

Sacco ReviewOctober 13, 202603 mins

A cyberattack has disrupted operations at hundreds of supermarkets in France. Retailers are counting the cost of widespread refrigeration failures. Investigators are examining vulnerabilities in equipment used to preserve food supplies. More than 400 supermarkets in France were affected by a cyberattack that forced refrigeration systems to heat up to 50°C, destroying fresh and frozen…

Bad loans fall to 44-month low as bank lending expands

Sacco ReviewOctober 13, 202609 mins

Bad loans in Kenya’s banking sector have dropped to their lowest level in nearly four years. Private-sector credit has expanded, raising questions about who is benefiting from increased lending. Lower lending rates offer relief, but household incomes and business cash flow remain critical to loan repayment. Banks record a sharp improvement in loan performance as…

Industrial sugar duty hike lands in court as KAM objects

Sacco ReviewOctober 9, 202605 mins

Manufacturers have challenged a sharp increase in industrial sugar excise duty at the High Court. KAM warns the higher levy could raise production costs, threaten jobs and weaken regional competitiveness. The court has directed respondents to file replies as the legal challenge proceeds. Kenyan manufacturers have taken the government to court over a sharp rise…

KIE, KNCCI sign MoU to support MSMEs across Kenya

Sacco ReviewOctober 8, 202603 mins

KIE and KNCCI have partnered to expand support for MSMEs across Kenya The deal targets financing, workspace, markets, technology and business support Partners will pursue market linkages, training, incubation centres and industrial parks Kenya Industrial Estates (KIE) and the Kenya National Chamber of Commerce and Industry (KNCCI) have signed a Memorandum of Understanding (MoU) aimed…

Sweden commits Sh20.6bn to Kenya development programmes

Sacco ReviewOctober 8, 202603 mins

Sweden has committed fresh funding towards Kenya’s development priorities Part of the support will strengthen Kenya’s tax administration systems The cooperation framework is set to expire as both countries consider the next phase Decades of partnership between Nairobi and Stockholm are translating into fresh financial backing for Kenya’s development agenda, Treasury Principal Secretary (PS) Chris…

Kenyan firms cleared for Dangote refinery IPO access

Sacco ReviewOctober 7, 202605 mins

Seven Kenyan firms have been cleared to facilitate local participation in the refinery share sale Investors have until October 13 to subscribe to the Nigerian offer The regulator has outlined approved channels for Kenyans seeking access to the IPO Kenyan investors now have an approved route into Africa’s biggest share sale. The Capital Markets Authority…