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KNCCI urges targeted support as rising fuel costs hit transport, SMEs and export sectors

Sacco ReviewApril 20, 202604 mins

The Kenya National Chamber of Commerce and Industry (KNCCI) has sounded the alarm over escalating fuel and logistics costs, warning that the burden is already weighing heavily on transport operators, small and medium-sized enterprises (SMEs), and export sectors. In a statement, the chamber noted that the latest surge in fuel-related expenses is driving up food…

Kakamega Governor Fernandes Barasa addressing residents recently.

Kakamega women, youth benefit as County disburses Ksh 12 Million to boost income generating projects

Sacco ReviewApril 20, 202604 mins

Women self-help groups and youth from Kakamega County are smiling after the County Government of Kakamega has disbursed Ksh 12 Million to help them boost their income generating projects. According to the County, 120 groups of the County Youth Service and Women Empowerment Programme (CYSWEP) in all the 60 wards and each ward which has two registered…

Boost for SMEs as Foundation advances entrepreneurship, financial literacy training

Sacco ReviewApril 20, 202607 mins

The Small and Medium Enterprises (SMEs) in the country have received a major boost after Munyiri Africa Foundation scaled up entrepreneurship and Financial Literacy training, and also providing seed capital to help them grow. According to the organisers, the programme is aimed at mentoring and imparting relevant knowledge and skills to the youth which will help…

Meru slum women to benefit from Juakali machines as MSEA expands grassroot support

Sacco ReviewApril 18, 2026April 20, 202605 mins

Women from Mjini informal settlement in Meru are set to acquire business equipment under the government’s Bottom-Up Economic Transformation Agenda after undergoing training on how to access enterprise funding through the Micro and Small Enterprises Authority (MSEA). The women, organised in more than 30 table-banking groups, said they are preparing to benefit from machines such…

MPs endorse mineral royalty sharing regulations, allocating 10% to local communities

Sacco ReviewApril 18, 202605 mins

The National Assembly’s Committee on Delegated Legislation has approved the proposed Mining (Mineral Royalty Sharing) Regulations, 2026, which outlines a new framework for sharing mining royalties. The regulations aim to ensure that local communities benefit more directly from mining activities within their areas. In a session chaired by Vice Chairperson MP Robert Gichimu, the committee…

Governor Orengo slams fuel price hike as punitive, economically reckless

Sacco ReviewApril 17, 2026April 17, 202608 mins

Siaya Governor James Orengo has mounted a scathing attack on the latest fuel price hike, terming it punitive, economically reckless and a direct blow to already struggling households and hopes the reduction announced soon after will immediately reflect on the fuel pumps across the country. Orengo said the 25 per cent increase was unjustified and…

KDIC proposes doubling deposit insurance to KSh1 Million in case of bank collapse

Sacco ReviewApril 16, 202603 mins

The Kenya Deposit Insurance Corporation (KDIC) has unveiled proposals to strengthen depositor protection by doubling the compensation limit to KSh1 million per depositor, up from the current KSh500,000, in the event of bank collapse. In a public notice, KDIC explained that the review seeks to adjust the maximum guaranteed payout to reflect current realities in…

Report: Kenya’s high power costs undermine manufacturing sector competitiveness

Sacco ReviewApril 13, 2026April 13, 202603 mins

Kenya’s power costs are among the highest in Africa, according to a new report by the Kenya Association of Manufacturers (KAM). The report, supported by Trademark Africa and the Foreign, Commonwealth, and Development Office, highlights how expensive electricity is impacting the country’s manufacturing sector, making it less competitive in both regional and global markets. Kenya’s…

High logistics costs lock SMEs out of AfCFTA markets, manufacturers warn

Sacco ReviewApril 10, 2026April 10, 202604 mins

Kenya’s manufacturing sector has sounded the alarm over crippling logistics bottlenecks that continue to erode competitiveness and block small and medium-sized enterprises (SMEs) from fully benefiting from the African Continental Free Trade Area (AfCFTA). The concerns were raised during the launch of the Logistics Study Report by the Kenya Association of Manufacturers (KAM), which revealed…

CS Cooperatives Wycliffe Ambetsa Oparanya in meeting with officials from the World Bank Group at the Delta Centre in Nairobi last year.

World Bank warns of economic slowdown and rising inflation in Kenya amid geopolitical tensions

Sacco ReviewApril 9, 202605 mins

The World Bank has issued a stark warning regarding the potential impact of escalating geopolitical tensions, particularly the ongoing conflict involving Iran, on African economies. In a statement released on Wednesday, April 8, 2026, the global financial institution cautioned that the crisis could lead to higher inflation and slower economic growth across the continent, with…