Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenyan CEOs want the government to cut business costs, make credit cheaper and clear pending bills owed to firms. High operating expenses, weak purchasing power and policy uncertainty remain major concerns for businesses. Despite the challenges, firms see technology adoption, stronger demand and market expansion as key growth opportunities. Kenya’s private-sector leaders have intensified calls…
Banks have increased lending to MSMEs as falling interest rates make credit more affordable. The latest figures reveal which lenders are leading the race to finance small businesses. Lower borrowing costs are encouraging stronger demand for credit across key sectors of the economy. Kenyan businesses are gaining easier access to bank financing, with lenders advancing…
KRA proposes changes that could cut clearance costs and delays for small importers using shared containers. Traders may soon pay only for handling and clearing their own consignments instead of shared costs. Dedicated de consolidation facilities could help speed up cargo separation and reduce extra charges. Small-scale importers could soon face fewer costs and delays…
Absa and Simba Corp strike a deal to make vehicle financing more accessible to Kenyan businesses. SMEs can secure high financing for commercial vehicles, with repayment periods stretching several years. Schools purchasing buses will get full financing under terms designed to ease cash flow pressure. Absa Bank Kenya has partnered with local conglomerate Simba Corporation…
Gikomba Market is getting three modern blocks to improve safety and trading conditions. Phase One will provide stalls for up to 7,000 traders. The complex will feature a day care centre, ICT hub and fire station. Nairobi’s Gikomba Market is undergoing a major transformation, with three multi-storey blocks rising as the government replaces its congested…
Small traders halt cargo clearance over higher KRA charges Importers warn rising costs could squeeze already thin profit margins Traders threaten nationwide protests if KRA does not review the charges Small-scale importers and micro-enterprises have suspended cargo clearance in protest against increased taxes, levies and administrative charges imposed after the expiry of a relief period…
Chesinendet modern market is nearing completion and expected to serve about 5,000 people More than 200 traders will get stalls with cold storage, ICT services and clean water facilities Women traders are set to benefit from safer trading spaces through the new market and Mama Shops initiative. The Chesinendet Economic Stimulus Programme (ESP) modern market…
Turkana businesses are being urged to turn seed funding into bigger enterprises and more jobs County plans to expand Kakuma Modern Market and upgrade the Kakuma Letea road to boost trade Traders are eyeing wider markets as investment and business support expand in Kakuma Deputy Governor of Turkana County Dr John Erus has challenged beneficiaries…
Kenyans relying on international payment platforms face new restrictions on receiving money from abroad Freelancers, remote workers and families could face delays or difficulties accessing overseas payments Kenya’s heightened scrutiny over anti money laundering rules is putting greater focus on customer verification and digital transfers Several international payment platforms have restricted or suspended services for…
Kakamega has set aside Ksh114 million for affordable loans to small businesses in 2026/2027 Market committees will help identify beneficiaries, track repayments and strengthen accountability Traders have been urged to borrow responsibly through registered groups and use approved payment channels Lugari traders have been sensitised on how to access affordable financing from the Kakamega County…
