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

EPK workers get 14pc pay rise under CBA

Sacco ReviewAugust 31, 202605 mins

More than 8,000 EPK workers will receive a phased 14 per cent pay rise. The first increase has been backdated to January 2026. The deal comes as tea producers face rising production costs and market pressure. Eastern Produce Kenya (EPK) has agreed to raise wages for more than 8,000 employees by a combined 14 per…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA links eTIMS with IFMIS for government supplier invoices

Sacco ReviewAugust 31, 202604 mins

Government suppliers must now meet eTIMS requirements before seeking payment. KRA will electronically validate supplier invoices submitted through IFMIS. The integration aims to improve tax compliance and transparency in government payments. Government suppliers in Kenya will now have to ensure their invoices meet Kenya Revenue Authority (KRA) eTIMS requirements before they can be submitted for…

Uasin Gishu opens trader applications for five new markets

Sacco ReviewAugust 31, 2026August 31, 202606 mins

Traders can now apply for spaces in five new Uasin Gishu markets. Applications close on September 14, with allocation subject to eligibility. The markets aim to provide safer and more organised trading spaces. The Uasin Gishu County Government has opened applications for traders seeking spaces in five markets, as part of efforts to provide more…

BAHLITA opposes new tobacco licensing rules for traders

Sacco ReviewAugust 29, 202605 mins

BAHLITA opposes proposed tobacco licensing rules for traders. Traders warn extra licences could raise business costs. Association calls for stronger action against illicit tobacco trade. The Bars, Hotels and Liquor Traders Association of Kenya (BAHLITA) has opposed proposed licensing and registration requirements in the Tobacco Control (Amendment) Bill, 2024, warning they could raise compliance costs…

Mombasa launches interest-free fund for small traders

Sacco ReviewAugust 28, 202605 mins

Mombasa launches interest free loans for small traders. Traders can access up to Ksh 15,000 under the first phase. Stawisha targets youth, women and marginalised groups. Mombasa County has rolled out a new economic empowerment programme called “Stawisha,” a revolving fund designed to give small-scale traders access to capital without the burden of interest charges….

Ndagani traders get new market in Tharaka Nithi County

Sacco ReviewAugust 28, 202603 mins

Ndagani traders get a new market with space for 170 businesses. Traders ordered to leave roadside stalls for safety reasons. New facility includes a daycare centre for traders with young children. Small-scale traders in Ndagani, Tharaka Nithi County, are set to benefit from a newly constructed market as the county government moves to create a…

Kenya backs proposal to extend AGOA to 2028

Sacco ReviewAugust 28, 202605 mins

Kenya backs AGOA extension to 2028 for continued US market access. Tea, coffee, flowers and nuts could benefit from tariff free exports. Government pushes value addition to boost agricultural export earnings. Kenya has welcomed a proposal to extend the African Growth and Opportunity Act (AGOA) to December 2028, saying the move would provide exporters with…

NSE half-year profit jumps 386pc on Safaricom block trade, IPO revival

Sacco ReviewAugust 28, 202606 mins

NSE profit jumps 386% to Ksh 736.9 million in first half of 2026. Safaricom’s Ksh 204.3 billion block trade drives a major revenue boost. IPO activity returns as equity turnover and data revenue also surge. The Nairobi Securities Exchange (NSE) recorded a sharp rise in profitability for the first half of 2026, with net profit…

Rwanda in talks over stake in Dangote’s Lamu oil refinery

Sacco ReviewAugust 28, 2026August 28, 202603 mins

Rwanda explores a stake in Dangote’s proposed Lamu refinery. Kenya has reportedly been offered a 10% equity stake. The project could become East Africa’s biggest energy investments. Rwanda has entered preliminary discussions over a potential stake in the proposed Dangote oil refinery in Lamu, as East African countries weigh participation in the multibillion-shilling project. Rwandan…

Meta to charge Kenyan businesses for WhatsApp messages

Sacco ReviewAugust 28, 202603 mins

Meta will start charging Kenyan businesses for WhatsApp service messages. Businesses using the platform could pay about Ksh 0.52 per message. The new fees take effect from October 1, 2026. Kenyan businesses using the WhatsApp Business Platform will face a new cost from October 1, 2026, when Meta begins charging for service messages sent to…