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PS Omollo applauds S&P credit upgrade as boost for Kenya’s economic confidence

Sacco ReviewAugust 25, 202503 mins

Internal Security and National Administration Principal Secretary, PS Dr. Raymond Omollo has welcomed the recent decision by S&P Global Ratings to raise Kenya’s long-term sovereign credit score from ‘B-’ to ‘B’, calling it a strong endorsement of the country’s economic direction under President William Ruto. In a post shared on his official X (Formerly twitter)…

Tea Board calls for tea transport levy waiver, says it eats farmers’ bonuses

Sacco ReviewAugust 25, 202505 mins

The Tea Board of Kenya (TBK) has asked the Mombasa County government to scrap the Ksh7,000 levy charged on every truck transporting tea to the port city. The board says the fee is eating into farmers’ bonuses and weakening the sector’s competitiveness. TBK Chief Executive Willy Mutai explained that in every 21,000 kilos ferried to…

Gov’t grants 10 companies exclusive license to export coffee

Sacco ReviewAugust 25, 202504 mins

The government has issued exclusive coffee export licenses to 10 companies, this marks a significant step in the ongoing efforts to reform Kenya’s coffee sector and boost earning for smallholders farmers. In a gazette notice dated August 22, 2025, the Agriculture and Food Authority (AFA) announced its intention to grant the licenses under the Crops…

Female MPs launch Caucus to champion for women’s land right

Sacco ReviewAugust 21, 202505 mins

Female legislators have established a new caucus to champion women’s land rights in Kenya. The Kenya Women Parliamentarians Sub-Caucus on Women’s Land Rights was formally launched yesterday during a breakfast meeting in Parliament. The formation of the group follows resolutions of meeting convened by the Intergovernmental Authority on Development (IGAD) last month, which called for…

Machakos stakeholders call for parastatal heads prosecution as Privatization Bill views roll

Sacco ReviewAugust 21, 202504 mins

Stakeholders drawn from Machakos County have called for the prosecution of heads of non-profit making parastatals that are set to be privatized if the Privatization Bill, 2025 is passed. According to them, all the struggling parastatals must have been mismanaged and therefore, the heads should be investigated and if found guilty made to return all…

President Ruto establishes multi-agency team to combat corruption

Sacco ReviewAugust 20, 202504 mins

President William Ruto has announced the formation of a Multi-Agency Team on War against Corruption (MAT) to beef up the fight against graft. In a presidential proclamation issued today, Ruto said the team will operate under a whole-of-government approach, designed to foster synergy, coordination, and impactful interventions across various arms of government. MAT will be…

Government to pay Ksh6.8B in Coffee Cooperative debts: CS Oparanya reveals

Sacco ReviewAugust 16, 202502 mins

The government has committed to settling Ksh6.8 billion in verified debts owed by coffee cooperative societies to financial institutions, offering relief to hundreds of smallholder farmers across the country. Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya announced the move during a coffee sector sensitisation forum held at Kisii School. He confirmed that while…

High Court blocks privatization of Kenya Pipeline Company

Sacco ReviewAugust 15, 2025August 15, 202503 mins

The High Court in Nairobi has temporarily stopped the government from privatizing the Kenya Pipeline Company (KPC). Justice Bahati Mwamuye issued the conservatory order on August 15, 2025, halting any sale, transfer, or disposal of KPC shares until a petition challenging the move is fully heard. “Pending the inter partes hearing and determination of the…

Parliament cuts affordable housing deposit to 5% amid ksh1.2B worth unsold homes

Sacco ReviewAugust 15, 202504 mins

Parliament has approved the Affordable Housing Programme new rules cutting the requirement deposit from 10 percent to 5 percent. This will enable more Kenyans hoping to own homes under the government’s Boma Yangu programme to pay much lower deposit. The National Assembly passed the Affordable Housing Regulations of 2025 on August 14, 2025 in a…

CBK explains shilling’s 11-month stability at KSh129 to the dollar

Sacco ReviewAugust 14, 202504 mins

The Kenyan Shilling has stayed within a narrow range of about Ksh129 to the US dollar for more than 11 months. It has defied global economic turbulence and high debt obligations. The Central Bank of Kenya (CBK) attributes this stability to strong foreign exchange inflows, healthy reserves and prudent economic management. Governor of CBK, Kamau…