Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KNCCI and Co-operative Bank have expanded trade finance for farmers, cooperatives and MSMEs. The partnership will support export financing, market access and business growth. Plans are underway to scale financing to Ksh5 billion. Limited access to affordable trade finance continues to prevent thousands of Kenyan farmers, cooperatives and micro, small and medium enterprises (MSMEs) from…
KRA launches free tax education for women entrepreneurs, chamas and community groups to boost tax compliance and financial management. Training will cover tax registration, filing returns, record keeping and statutory obligations for women led enterprises. Authority reminds chamas and non profits to meet tax obligations, noting that income from commercial activities may be taxable. Thousands…
KRA Customs collected a record Ksh 988.8 billion in FY2025/26, beating its target. Revenue grew 12.4 per cent as stronger compliance and technology boosted collections. KRA is expanding digital customs systems to improve trade and revenue collection. The Kenya Revenue Authority’s (KRA) Customs and Border Control (C&BC) Department has surpassed its target of Ksh 980.794…
Insurers are being urged to introduce flexible, technology driven products to better serve SMEs and informal sector businesses. Experts say SMEs need affordable, modular insurance cover that matches their cash flow and operational risks. The industry is expanding digital services and regional presence to improve insurance access across Kenya. Kenya’s insurance industry is being urged…
Business leaders warn political tensions are hurting investor confidence. They urged peaceful politics to protect businesses and jobs. Stakeholders also called for tax relief to spur business growth. Stakeholders in the business sector have sounded alarm over confrontational politics being witnessed across the country, saying the country’s economic stability is at peril ahead of next…
Stanbic Bank appoints Michael Mutiga as CEO, effective August 1, subject to CBK approval. Mutiga joins from Safaricom after senior banking roles at Citibank and Barclays. He succeeds acting CEO Abraham Ongenge following Joshua Oigara’s regional promotion Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer (CEO), effective August 1, 2026,…
CBK raises Ksh30.62 billion in oversubscribed Treasury bills auction 91 day Treasury bill records strongest investor demand Government secures Ksh11.52 billion in net new borrowing The Central Bank of Kenya (CBK) raised Ksh 30.62 billion in a Treasury bills auction that attracted strong demand from investors, even as appetite varied across the three tenors on…
CBK urges Kenyans to report illegal mobile loan apps. 25 new lenders licensed, raising the total to 252. Licensed lenders issued Ksh 150.56 billion in loans by May 2026. The Central Bank of Kenya (CBK) has urged Kenyans to report illegal mobile lending applications, as part of an intensified crackdown on unlicensed digital lenders accused…
Nairobi accounted for 27.4 per cent of Kenya’s economy, making it the country’s largest county economy, according to KNBS. Kiambu, Nakuru, Mombasa and Meru completed the top five county economies by Gross County Product. Nairobi also recorded the highest Gross County Product per capita, well above the national average. The Kenya National Bureau of Statistics…
KRA will make Advance Cargo Declaration (ACD) mandatory for all containerised imports from August 3. Exporters must secure an ACD reference code before cargo is loaded. The system aims to improve security and speed up customs clearance. Kenya Revenue Authority (KRA) has announced the launch of its new Advance Cargo Declaration (ACD) platform. Starting Monday,…
