Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kipchimchim Group has opened the Sangalo Green Tea Factory in Nandi County, dedicated to green orthodox tea processing. The factory has a daily processing capacity of more than 70,000kg of green leaf. The investment is expected to expand premium market access for farmers, create jobs and support local economic growth. Kipchimchim Group has unveiled the…
NEMA has seized 4,995 banned plastic carrier bags and arrested two traders in Embu. The traders face fines of up to Ksh4 million or imprisonment of up to four years if convicted. NEMA has warned businesses to comply with the 2024 plastic packaging regulations as enforcement continues. Two traders in Embu town now face a…
Importers moving goods through the Namanga One Stop Border Post must now buy their marine cargo insurance from local insurers licensed by the Insurance Regulatory Authority (IRA), and many of them want the rule gone. The requirement, which the Kenya Revenue Authority (KRA) is enforcing, has left traders and clearing agents calling on the government…
Kenyan SMEs lag in adopting integrated digital business management platforms. Visa survey exposes gaps in financial record-keeping among small businesses. Lenders could benefit from better access to SME transaction data. Just 19 per cent of Kenyan small and medium enterprises (SMEs) run a platform that links their payments to wider business management, a new Visa…
Makupa Transit Shed Limited has been re-appointed by the Commissioner of Customs and Border Control, Dr Lilian Nyawanda, with its operating boundaries formally redefined. The notice, published in the Kenya Gazette, revokes and replaces Gazette Notice No. 17667 of 2023. Going forward, the facility’s limits, working zones and access points are tied to a layout…
Faulu is changing how it assesses SME borrowers who lack traditional security for loans. A new merchant platform will help businesses consolidate their income records for credit assessment. The lender is introducing flexible repayment arrangements to match different business revenue cycles. Small and medium sized enterprises (SMEs) that own no land or vehicles to pledge…
Kamukunji MP Yusuf Hassan has called for an end to alleged harassment and arbitrary arrests of traders in Eastleigh and Gikomba. Hassan wants Nairobi City County to stop the alleged seizure and destruction of traders’ merchandise. The MP has urged the county to engage traders on enforcement measures and hold officers implicated in misconduct accountable….
Industry PS Juma Mukwana wants millers to explore flavoured, ready-to-eat ugali products for export markets. Millers face the challenge of meeting Kenya’s projected food demand as the population grows towards 70 million by 2050. Cereals Millers Association Chairman Beju Shah has called on NCPB to maintain adequate maize stocks to support processors. Strawberry or vanilla…
Importers have been given a final window to reclaim cargo held at Nairobi container depots. KRA has scheduled a four-day online auction featuring consignments from several major companies. Food products, pharmaceuticals, industrial machinery and construction materials feature among the goods listed. Importers who have left cargo sitting in Nairobi’s container depots have until about the…
Only 20 per cent of diaspora remittances goes into investment, with the government seeking to increase the share. Australia has emerged as a key source of remittances and professional opportunities for Kenyans abroad. Kenya is pushing for stronger trade and travel links with Australia, including proposed direct flights. Only about 20 per cent of the…
