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Banks set for new risk-based pricing model as clients with poor credit history to pay more for loans

Sacco ReviewSeptember 3, 202505 mins

Central Bank of Kenya (CBK) Governor Kamau Thugge has announced that in the next three months, commercial banks are expected to have transitioned to the new risk-based pricing models with new loans expected to be priced using the new framework beginning December 1, 2025. The model pegged on the Kenya Shilling Overnight Interbank Average (KESONIA),…

Belgium overtakes USA as top buyer of Kenya’s coffee

Sacco ReviewSeptember 2, 2025September 2, 202505 mins

Belgium has over taken the US as the main export market for Kenya’s coffee in the 2023/24 crop season, tipping investors on the opportunities in the European country, which is currently registering a steady growth in consumption of the beverage, driven by an expanding specialty product. New data shows that Belgium bought 8,275.79 tonnes of…

State to roll out e-voucher system for livestock vaccination to curb diseases

Sacco ReviewSeptember 2, 202503 mins

The state through the Ministry of Agriculture and Livestock Development is set to roll out an electronic voucher (e-voucher) system in counties for livestock vaccination, aiming to improve disease surveillance and livestock management. According to Livestock Development Principal Secretary Jonathan Mueke, security agencies will also leverage the system in the ongoing fight against cattle theft…

CS Kagwe calls for building of knowledge–driven agriculture to boost food security

Sacco ReviewAugust 30, 202503 mins

Agriculture Cabinet Secretary, CS Mutahi Kagwe has called for the building of knowledge –driven agriculture to help farmers increase yields in order to boost food security in the country. Speaking at Egerton University, Njoro in Nakuru County during the opening of the Kenya National Research Festival which kicked off this week, Kagwe called for greater…

WOCCU names Paul Treinen as permanent President and CEO

Sacco ReviewAugust 28, 202504 mins

World Council of Credit Unions (WOCCU) Board of Directors has named Paul Treinen as the council’s new permanent President and CEO after helping the council overcome financial crisis. This came after Treinen took over that role on an interim basis in April and has since helped the council navigate financial turmoil caused by the termination…

Agriculture ministry launches nationwide farmer registration exercise to streamline data

Sacco ReviewAugust 28, 2025August 28, 202502 mins

The Ministry of Agriculture has officially launched a two-week nationwide farmer registration exercise, aimed at streamlining data for better service delivery to farmers across the country. The exercise, which began yesterday, was launched by the Principal Secretary for Agriculture, Dr. Kipronoh Ronoh Paul, and is now underway in all counties. To mark the launch, Dr….

SASRA cautions Kenyans on rogue SACCOs, sets 2026 renewal deadline

Sacco ReviewAugust 26, 2025August 26, 202505 mins

The Sacco Societies Regulatory Authority (SASRA) has cautioned Kenyans to be vigilant before saving their money with Savings and Credit Cooperative Organisations (SACCOs). In a public notice issued on August 25, the regulator raised concern that some cooperatives are still operating without valid licenses, which it warned is unlawful under the Sacco Societies Act. SASRA…

Treasury extends hiring freeze until 2028, dims hopes for public sector jobs

Sacco ReviewAugust 26, 202504 mins

The national Treasury has extended the public sector hiring freeze for another three financial years, dwindling left hopes for public sector jobs. This move locks out thousands of job seekers from government employment until at least 2028. According to the Treasury, the move is part of the government’s effort to contain public wage bill, which…

Rwanda to increase cargo movement through Mombasa port

Sacco ReviewAugust 26, 202505 mins

Rwanda has announced plans to increase cargo movement through Mombasa port, citing improved efficiency, reliability, and regional connectivity. Currently, over 70 per cent of Rwanda’s imports are handled via Tanzania’s Dar es Salaam Port. Rwanda’s High Commissioner to Kenya Ernest Rwanucyo made the announcement during a strategic meeting with KPA officials in Mombasa last week….

Mbadi: Export growth and debt discipline are driving Kenya’s economic stability

Sacco ReviewAugust 25, 202503 mins

Treasury Cabinet Secretary John Mbadi, has revealed that the Kenya’s economy is showing signs of growth and stability, thanks to strong export performance and good debt management Speaking during the launch of the 2026/27 budget preparation process at the Kenyatta International Convention Centre (KICC) earlier today, Mbadi said the country’s fiscal position has improved, due…