EBC warns Kenya’s Ksh995.7B domestic borrowing plan could tighten credit for small businesses

EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…

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MPs question duty-free sugar imports amid Brazil, South Africa origin dispute

MPs questioned conflicting Brazil and South Africa sugar import documents. PS Juma Mukhwana promised to investigate the origin discrepancy. Lawmakers queried a new duty free sugar approval before the first shipment was fully accounted for. The government has come under fresh scrutiny over a 27,000 metric tonne consignment of duty-free raw sugar, after lawmakers uncovered…

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Pres. Ruto engages with an artisan during the launch of government funded artisan certification programme at State House, Nairobi. Photo/Courtesy

Ruto launches artisan certification for housing jobs

Ruto launches government funded artisan certification programme. Skilled workers without certificates to receive free formal certification. Certified artisans to support Affordable Housing Programme jobs President William Ruto has unveiled a government funded artisan certification programme aimed at enabling skilled workers to obtain formal qualifications and secure employment opportunities under the Affordable Housing Programme. Speaking on…

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Govt targets employers, Saccos in nationwide minimum wage crackdown

Govt has launched nationwide inspections to enforce the new minimum wage, with Saccos among employers expected to comply. Labour officers will audit payrolls, contracts and wage records, while non compliant employers risk prosecution, fines and other legal penalties. Saccos have been urged to review salaries for roles such as cashiers, receptionists, clerks and storekeepers to…

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National Treasury launches review of Sacco supervision framework

National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…

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KJET opens applications for MSME clusters under new funding programme

KJET has opened applications for MSME clusters under cohorts 3 and 4, with submissions closing on 21 August 2026. Eligible cooperatives, associations and cluster based entities in 10 priority value chains will receive business development support, with some qualifying for co investment funding. The World Bank funded programme aims to boost MSME productivity, private sector…

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Commercial banks overtake Saccos as farmers’ top credit source, CBK data shows

Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…

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KEPSA Chief SME and Enterprise Development Officer Harrison Ngatia. PHOTO: Courtesy

KEPSA set to host third annual SME conference to boost business resilience

KEPSA will host its third SME Conference, Awards and Exhibition on July 23 to 24 in Nairobi. The event will address SME financing, governance, market access and business competitiveness. KEPSA says SMEs employ 15 million people and contribute 40 per cent of Kenya’s Gross Domestic Product (GDP). The Kenya Private Sector Alliance (KEPSA) is set…

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