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

Kuramo Capital Management seals Ksh.64.5B from African Pension funds to expand investment platform

Sacco ReviewJuly 13, 2026July 13, 202605 mins

Kuramo secured Ksh64.5 billion to expand investments across Africa. The funding is backed by African pension funds and development finance institutions. The firm says the platform will boost private investment and economic growth. Kuramo Capital Management has announced the closing of investment mandates worth approximately $500 million (about Ksh 64.5 billion). The funding comes primarily…

President Ruto announces 60,000 jobs as Lamu oil refinery project takes off

Sacco ReviewJuly 10, 2026July 11, 202605 mins

Ruto confirms Lamu oil refinery project expected to create about 60,000 youth jobs. Government to use Ksh350 billion National Infrastructure Fund to finance major infrastructure projects. President William Ruto has announced thousands of new job opportunities for young Kenyans following the confirmation that a monumental oil refinery will be constructed in Lamu. Speaking on Friday,…

Key sectors push revenue to Sh2.8 trillion as KRA records strongest growth in recent years

Sacco ReviewJuly 10, 2026July 11, 2026016 mins

KRA posts strong revenue growth: The Kenya Revenue Authority collected KSh2.844 trillion in FY 2025/2026, a 10.6 percent increase from the previous year, with manufacturing, energy, finance, ICT, and wholesale and retail sectors driving 62 percent of total revenue. Customs exceed target: Customs revenue grew 12.4 percent to KSh988.8 billion, surpassing its target, while exchequer…

Umowa Sacco launches 9 new Matatus to enhance transport services in Machakos

Sacco ReviewJune 19, 202604 mins

UMOWA Sacco has unveiled a new fleet of nine matatus in a move aimed at improving public transport services and creating employment opportunities in Machakos County and the surrounding region. Machakos Governor Wavinya Ndeti flagged off the vehicles on Friday outside the County Department of Roads and Public Works offices, reaffirming her administration’s commitment to…

Family Bank secures CMA approval for NSE listing set for June 23

Sacco ReviewJune 16, 202604 mins

Family Bank has received approval from the Capital Markets Authority (CMA) to proceed with its listing on the Nairobi Securities Exchange (NSE), paving the way for the bank to offer its shares for trading on the public market. The listing, which will be undertaken through an introduction, will allow existing shareholders to trade their shares…

NCBA General Manager for Branch Business in the Western Region, David Wasamba

NCBA, Kabarak University launch programme to boost SME growth

Sacco ReviewJune 16, 202603 mins

Local small and medium-sized entrepreneurs are set to benefit from a four-month business development programme launched by Kabarak University in partnership with NCBA Bank Group at the university’s Nakuru campus. The initiative aims to equip entrepreneurs and investors with practical business skills, market knowledge, and emerging trends to help them navigate the increasingly competitive business…

EAC Affairs PS Dr. Caroline Karugu (centre) before National Assembly’s Departmental Committee on Finance and National Planning. Photo Courtesy.jpg

EAC affairs PS urges parliament to amend tax laws to align with EAC partner states

Sacco ReviewJune 11, 202606 mins

The State Department for East African Community (EAC) Affairs has urged the National Assembly to fast-track amendments to Kenya’s tax laws to align them with regional frameworks, warning that failure to do so could trigger retaliatory trade measures from neighbouring countries. Appearing before the National Assembly’s Departmental Committee on Finance and National Planning, Principal Secretary…

CBK holds lending rate at 8.75% to anchor inflation amid global price shocks

Sacco ReviewJune 10, 202604 mins

The Central Bank of Kenya (CBK) has retained the Central Bank Rate (CBR) at 8.75 percent for the second consecutive time, following its Monetary Policy Committee (MPC) meeting on June 9, 2026. The regulator said the move is aimed at anchoring inflation expectations in the face of rising global and domestic price pressures. Kenya’s inflation…

Ksh1,000 note dominates currency circulation, driving 80% of cash in Kenya

Sacco ReviewJune 8, 202603 mins

Kenya’s Ksh1,000 note has surged to dominate the country’s cash economy, accounting for nearly 80 percent of all notes in circulation, according to new data from the Central Bank of Kenya (CBK). The CBK report shows that total notes in circulation rose by 7 percent, climbing from Ksh 360.46 billion in 2025 to Ksh 388.41…

Senate, Kepsa urge counties to eliminate bureaucratic barriers to investment

Sacco ReviewJune 5, 202604 mins

The Senate and the Kenya Private Sector Alliance (Kepsa) have urged counties to eliminate bureaucratic barriers that continue to frustrate investors, warning that streamlined regulations and efficient service delivery are essential to unlocking economic growth and strengthening devolution. Speaking at the opening of the Senate Liaison Committee Roundtable, committee chair Kathuri Murungi said persistent inefficiencies…