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

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…

Proposed Bill to compel foreign firms to hire Kenyans, with penalties up to Ksh100 million for violation

Sacco ReviewApril 7, 2026April 7, 202604 mins

Kenya is set for a major policy shift in how foreign companies operate, following the introduction of the Local Content Bill, 2025. The proposed law, sponsored by Laikipia County Woman Representative Jane Kagiri, has already passed its First Reading in the National Assembly, and aims to strengthen local participation in the economy by imposing strict…

Report: Mobile money loans surge in Kenya amidst growing financial inclusion

Sacco ReviewApril 7, 202606 mins

A new report by the Global System for Mobile Communications Association (GSMA) has highlighted a significant shift in Kenya and Sub-Saharan Africa, where mobile money has become the preferred source of borrowing for many adults. GSMA’s State of Industry report indicates that the region is driving a major expansion of mobile money accounts, which now…

KRA defends proposal to expand VAT coverage as beneficial to small businesses

Sacco ReviewMarch 29, 2026March 29, 202606 mins

The Kenya Revenue Authority (KRA) has defended its proposal to expand value-added tax (VAT) coverage, insisting that the reform will not harm small businesses but instead ease the burden on a few compliant firms while boosting domestic revenue. The plan, which seeks to raise VAT’s contribution to gross domestic product (GDP) by two percentage points,…