Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
CMA has licensed Rubiani Capital as an Intermediary Service Platform Provider to offer digital investment services. The platform connects users to regulated capital markets products while licensed institutions handle execution and asset custody. CMA urged investors to use only licensed and approved capital markets intermediaries. Capital Markets Authority (CMA) has granted an Intermediary Service Platform…
Lamu is set to host a Ksh15 billion palm oil project backed by CPF Group and Witu Nyongoro Ranch. The project is expected to create jobs and business opportunities in production, processing, logistics and value addition. Palm trees are expected to mature within three to five years, supporting long term economic activity in the region….
KRA Customs collected a record Ksh92.53 billion in July 2026, exceeding the Treasury target by Ksh6.37 billion. Non oil revenue hit a record Ksh61.50 billion, supported by stronger compliance, technology and improved cargo management. The July performance marked a 15.3 per cent increase from Ksh80.29 billion collected in July 2025. Kenya Revenue Authority (KRA) Customs…
CBK has retained the benchmark rate at 8.75% for the third consecutive meeting. Inflation stood at 6.5% in July, while the economy grew 5.3% in Q1 2026. The unchanged rate is expected to keep borrowing costs stable for businesses and households. The Central Bank of Kenya (CBK) has retained the Central Bank Rate (CBR) at…
Dangote plans to invest about Ksh2 trillion in a proposed 700,000 barrel per day oil refinery in Lamu, with construction set to begin in October 2026. The project is expected to take four years to complete and will be financed through 30 percent equity and 70 percent debt. The refinery is expected to strengthen Kenya’s…
Six sugar suppliers have sued the government for Ksh173.58 million they claim is owed after South Nyanza, Chemelil and Muhoroni sugar mills were leased to private investors. The businesses argue their outstanding claims were not addressed during the 30 year leases and want compensation, interest and lost profits. They are asking the High Court to…
KNCCI and Co-operative Bank have expanded trade finance for farmers, cooperatives and MSMEs. The partnership will support export financing, market access and business growth. Plans are underway to scale financing to Ksh5 billion. Limited access to affordable trade finance continues to prevent thousands of Kenyan farmers, cooperatives and micro, small and medium enterprises (MSMEs) from…
KRA launches free tax education for women entrepreneurs, chamas and community groups to boost tax compliance and financial management. Training will cover tax registration, filing returns, record keeping and statutory obligations for women led enterprises. Authority reminds chamas and non profits to meet tax obligations, noting that income from commercial activities may be taxable. Thousands…
KRA Customs collected a record Ksh 988.8 billion in FY2025/26, beating its target. Revenue grew 12.4 per cent as stronger compliance and technology boosted collections. KRA is expanding digital customs systems to improve trade and revenue collection. The Kenya Revenue Authority’s (KRA) Customs and Border Control (C&BC) Department has surpassed its target of Ksh 980.794…
Insurers are being urged to introduce flexible, technology driven products to better serve SMEs and informal sector businesses. Experts say SMEs need affordable, modular insurance cover that matches their cash flow and operational risks. The industry is expanding digital services and regional presence to improve insurance access across Kenya. Kenya’s insurance industry is being urged…
