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

KNCCI links Kisumu traders to global markets at Nyanza forum

Sacco ReviewSeptember 14, 202605 mins

KNCCI is linking Kisumu businesses to global markets. Leaders urged traders to focus on value addition and quality. Infrastructure upgrades are expected to boost regional trade. Kenya National Chamber of Commerce and Industry (KNCCI) President Dr Eric Ruto has said it will continue linking members to various markets at all platforms. He noted that the…

KRA moves cargo tracking seals to private vendors

Sacco ReviewSeptember 14, 202605 mins

KRA will phase out its cargo tracking seals by October 26. Businesses will source new seals from 15 approved private vendors. The change aims to reduce seal shortages, port delays and congestion. Businesses handling goods under customs control now have until October 26, 2026, to prepare for a new system in which cargo tracking seals…

CMA flags 15 entities over illegal investment schemes

Sacco ReviewSeptember 14, 202603 mins

CMA has flagged 15 entities over alleged illegal investment schemes. DCI, CMA and other agencies are investigating the entities. Investors have been urged to verify licences before investing. The Capital Markets Authority (CMA) has issued a fresh warning against 15 entities it says are unlawfully soliciting money from the public without the required licences or…

Kajiado demands Sh13bn from Tata Chemicals before reopening

Sacco ReviewSeptember 14, 202604 mins

Kajiado wants Ksh13 billion in unpaid land rates. Lenku wants unused company land returned to residents. County seeks fairer community benefits from Tata Chemicals. Kajiado County has demanded that Tata Chemicals Magadi Limited pay Ksh13 billion in unpaid land rates before resuming operations at Lake Magadi. Speaking to a local television station on September 14,…

KRA engages cargo consolidators on President Ruto directive

Sacco ReviewSeptember 11, 202604 mins

KRA has begun consultations on consolidated cargo rules. A technical team will oversee implementation of the directive. KRA will train cargo consolidators and small traders on tax compliance. The Kenya Revenue Authority (KRA) has stepped up consultations with cargo consolidators on the implementation of President William Ruto’s directive on consolidated cargo and measures to support…

Kisumu rolls out policy to end roadside hawking

Sacco ReviewSeptember 11, 202604 mins

Kisumu is moving to end roadside hawking. Vendors will be assigned spaces in designated markets. The policy aims to support small businesses, women and youth. Kisumu City County Government has moved to end roadside hawking, requiring small-scale traders to operate instead from designated spaces within modern markets. Governor Anyang’ Nyong’o announced the measure under the…

Nanyuki Bus Park set for Sh60m facelift

Sacco ReviewSeptember 11, 2026September 11, 202604 mins

Ksh60m facelift planned for Nanyuki Bus Park. Project will improve transport and business facilities. Leaders want street lighting fixed for a 24-hour economy. The 50-year-old Nanyuki Bus Park is set for modernisation, laying the groundwork for 24-hour economy enterprises in the town. Under the Ksh60 million programme, dilapidated structures will be demolished and replaced with…

Kenyan banks make Forbes World’s Top Performing Banks 2026

Sacco ReviewSeptember 11, 202603 mins

Four Kenyan banks have entered Forbes’ inaugural global top-performing banks ranking. Co-operative Bank, Equity Group, KCB Group and Stanbic Holdings made the top 500. The ranking assesses profitability, growth, capital strength and asset quality. Four Kenyan banks have been named among the World’s Top Performing Banks 2026, in the inaugural global ranking by Forbes in…

Trade credit from Saccos surges as wholesale leads growth

Sacco ReviewSeptember 10, 202604 mins

Trade lending by Saccos rises to Ksh19.03 billion Wholesale and retail loans jump 33% to Ksh13.25 billion Hospitality lending falls as foreign trade credit grows Kenya’s small traders and wholesalers found more room to borrow from Saccos this year, with trade sector lending climbing sharply as wholesale and retail businesses pulled in the lion’s share…

Rukuriri Tea Factory launches value added brands for export

Sacco ReviewSeptember 10, 202603 mins

Rukuriri Tea Factory launches three value added tea brands New products target international markets and better farmer earnings Factory plans to boost local tea consumption from 5% to 30% Rukuriri Tea Factory has penetrated the international market through value added tea, aiming to pay its farmers better in the coming years. The Embu based factory…