Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
100-metre rule impractical: Andrew Matoka emphasized that restricting tobacco and nicotine sales within 100 metres of schools and child-centered facilities is unrealistic in densely populated urban settings. High licensing costs burden: Erick Ogutu noted that bar owners already face expensive licensing and complex compliance requirements, warning that the new bill risks adding further burdens without…
The government is intensifying efforts to unlock financing for micro, small and medium enterprises (MSMEs) by widening access to affordable credit and introducing tailored financial products for different categories of entrepreneurs. Speaking at the Kenya Development Corporation (KDC) Customer Networking Forum in Nairobi, Principal Secretary for MSME Development Susan Mang’eni emphasized that bridging the financing…
I&M Group PLC has appointed Abdi Mohamed as the Chief Executive Officer of I&M Bank Kenya, days after his resignation from Absa Bank Kenya was formally announced. In a notice to shareholders issued on Monday, the lender announced that Mohamed will join the bank from Absa Bank Kenya PLC, where he has been serving as…
Kenya has secured a KSh7.8 billion development cooperation package from Germany to support key economic programmes over the 2026 – 2028 period, strengthening the long-standing partnership between the two countries. The funding was announced after the Kenya- Germany biennial government-to-government development cooperation negotiations held in berlin, where both governments reaffirmed their commitment to expanding economic…
Kenya has unveiled a KSh1.081 trillion National Agri-food Systems Investment Plan (NASIP), a bold five-year blueprint designed to modernize agriculture, strengthen food security, and drive rural economic growth, covering the period 2026 to 2030. The plan was officially launched during the opening of the Financing Agri Food Systems Sustainably (FINAS) Summit in Nairobi, marking a…
A new survey has revealed that the majority of women traders in Kenya have never received formal business or enterprise development training, limiting the growth and sustainability of their businesses. The research, conducted by social enterprise WOW MOM Kenya with support from the International Development Research Centre (IDRC), found that 93 per cent of women…
Education loans surged by 27.1% in Q1 2026, reaching KSh24.81 billion, making school fees the second-largest reason for Sacco borrowing after land and housing. Parents increasingly prefer SACCOs for financing education, attracted by lower interest rates and flexible repayment plans compared to commercial banks. Parents are increasingly relying on Savings and Credit Cooperatives (Saccos) to…
Healthcare loans recorded the fastest growth among SACCO lending categories, rising 31.03% year-on-year to KSh2.79 billion in March 2026. Overall SACCO lending expanded by 16.23% to KSh115.73 billion, with land and housing remaining the largest recipients, followed by education. Healthcare-related borrowing has emerged as the fastest-growing loan category among Savings and Credit Cooperative Societies (SACCOs)…
Diaspora Affairs Principal Secretary Rosalyn Njogu has unveiled a football tournament dubbed Kazi Majuu, aimed at sensitizing young people on job opportunities available both locally and abroad. Speaking at Mitooni Primary School in Buuri Constituency, Meru County, Njogu said the government is committed to ensuring youth are informed about employment prospects, noting that more than…
Kenya’s drive to enhance food production and strengthen national food security is set to gain momentum, with the expansion of the Bunyala Irrigation Scheme under the Lower Nzoia Irrigation Project now 62 per cent complete. Principal Secretary for Internal Security and National Administration Raymond Omollo said the government is making significant investments in production agriculture,…
