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

West Kenya Sugar plans Sh4.2bn mill in Nandi’s Chesumei

Sacco ReviewOctober 30, 202602 mins

West Kenya Sugar is set to build a Ksh4.2 billion ($32 million) sugar factory in Chesumei Sub-county, Nandi County, in a move that takes the Rai family’s milling business beyond its base in the western Kenya sugar belt. The company, a subsidiary of the industrial conglomerate Rai Group, has designed the mill to crush 1,500…

KTDA factories earn Sh1 billion at Mombasa tea auction

Sacco ReviewOctober 29, 202604 mins

Tea factories secured stronger auction returns as premium prices lifted earnings. East of the Rift teas continued attracting buyers seeking top-quality produce. Several smallholder factories stood out for both prices and auction volumes. Tea factories managed by the Kenya Tea Development Agency (KTDA) earned Ksh 1 billion after selling 2,656,230 kg of made tea through…

Ruto flies to Moscow to seek new markets for Kenyan exports

Sacco ReviewOctober 28, 202604 mins

Ruto is seeking wider international markets for Kenyan agricultural and manufactured goods. The Moscow visit will target investment in agro-processing, energy and infrastructure. Kenya will also pursue partnerships in technology, agricultural inputs and digital innovation. President William Ruto left for Moscow, Russia, on Tuesday evening to push for wider access to foreign markets for Kenyan…

Banking fraud losses hit Sh1.59bn as threats rise

Sacco ReviewOctober 28, 202606 mins

Kenya’s banking sector is facing mounting pressure as reported fraud losses rise. Mobile and online banking are emerging as key channels exploited by criminals. Regional statistics reveal the scale of financial fraud across East Africa. Kenya’s banking sector lost approximately Ksh1.59 billion to reported fraud in 2024, as increasingly sophisticated cyber threats put pressure on…

Avocado exports hit as AFA orders closure of sea shipments

Sacco ReviewOctober 28, 202605 mins

Sea-based avocado exports will close on October 30 due to low production volumes. AFA has tightened mango inspections and warned exporters against mixing consignments. Exporters and processors risk losing licences for violating the seasonal restrictions. The Agriculture and Food Authority (AFA) has announced the closure of Kenya’s sea-based avocado export season for the 2026/2027 period,…

Kindiki announces free internet and computers in markets

Sacco ReviewOctober 27, 202604 mins

Modern markets are set to incorporate digital facilities targeting young people seeking online work. The planned centres will provide access to computers, internet connectivity and digital skills training. The initiative aims to expand access to technology and promote economic opportunities for youth. Deputy President Kithure Kindiki has announced plans to equip modern markets with computer…

Maersk raises China shipping surcharges for Kenyan importers

Sacco ReviewOctober 27, 202603 mins

Importers are preparing for revised shipping charges on cargo arriving from key Asian markets. The new rates vary by container size and destination, with different charges for Kenya and Tanzania. Payment terms will depend on booking arrangements and the scheduled departure of vessels. Kenyan importers shipping goods from China and Hong Kong will face higher…

Electronic cargo seals open to multiple vendors under KRA

Sacco ReviewOctober 27, 2026October 27, 202604 mins

KRA is changing how electronic cargo seals are supplied and managed under Customs control. The new framework introduces greater flexibility for businesses using cargo tracking services. The changes are expected to ease cargo processing and strengthen oversight across cross-border trade. The Kenya Revenue Authority (KRA) has commenced the rollout of a Multi-Vendor User-Owned Electronic Seals…

Kenya reviews draft trade bill to strengthen exports

Sacco ReviewOctober 26, 2026October 26, 202602 mins

The State Department for Trade and the Office of the Attorney-General have wrapped up a two day workshop in Nairobi to review the Draft National Trade Development Bill, 2025. The aim is to give Kenya a clear and workable legal framework for promoting, regulating and developing trade. Participants went through the bill’s main provisions and…

Dangote Kenya refinery and KPC stake reshape fuel trade

Sacco ReviewOctober 23, 202604 mins

Dangote’s planned Lamu refinery is set to reshape Kenya’s role in regional petroleum supply. The company’s investment in Kenya Pipeline Company could expand fuel distribution across East Africa. South Sudan is seeking stronger petroleum partnerships as regional investment opportunities grow. Kenya is fast becoming the centre of a regional fuel trade shake-up, as Nigeria’s Dangote…