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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…

Youths to receive NYOTA project funds in September, Ruto says

Sacco ReviewAugust 13, 2025August 13, 202503 mins

President William Ruto has announced that the government will release National Youth Opportunities Towards Advancement (NYOTA) Project, funds starting September this year. Ruto who was speaking in During the International Youth Day celebrations in Kakamega County said the government is expanding opportunities for young people across the country. The President announced that the first cohort…

Kenya, Iran form committee to lift Kenyan tea ban

Sacco ReviewAugust 12, 202503 mins

The government of Kenya and Iran have agreed to establish a joint committee tasked with eradicating trade obstacles within 60 days, paving the way for the lifting of the ban on Kenyan tea exports to Iran. The agreement was reached during the 7th Session of the Kenya-Iran Joint Commission for Cooperation (JCC) held in Nairobi…

The Meru County Government approves KShs14.6 Billion budget

Sacco ReviewAugust 12, 202504 mins

The Meru County Government has approved its budget for the 2025/2026 financial year. Governor Isaac Mutuma assented to the Sh14.6 billion budget at his office on Monday. Mutuma noted that the health sector received the lion’s share, with Sh1.9 billion allocated for development and procurement of medical supplies. Roads were allocated Sh1.6 billion, water and irrigation…

President Ruto defends Hustler Fund amid claims of high default rates

Sacco ReviewAugust 9, 202503 mins

President William Ruto has strongly defended the Hustler Fund against mounting criticism over its repayment performance, asserting that the initiative has transformed access to credit for millions of Kenyans. Speaking at the Presidential Private Sector Roundtable in Nairobi Wednesday, Ruto dismissed claims from opposition leaders and experts that the fund is plagued by high default…

CS Wahome calls for Affordable Housing Programme support amid financial shortfall

Sacco ReviewAugust 8, 202508 mins

Lands, Housing and Urban Development Cabinet Secretary (CS) Alice Wahome has called on private sector players to actively support Kenya’s Affordable Housing Programme, amid a massive Ksh326 billion annual financing shortfall. The CS announced that the government was exploring partnerships with commercial banks, retirement benefit schemes, mortgage schemes, SACCOs, development partners, and the wider business…

EU compliance rules threaten Kenya’s coffee exports as deadline draws closer

Sacco ReviewAugust 5, 202506 mins

Kenya’s coffee industry is facing a looming challenge as the deadline for compliance with the European Union’s Deforestation-Free Products Regulation (EUDR) draws closer. The regulation, which aims to prevent imports linked to deforestation, requires all coffee destined for the EU market to be fully traceable and verified as not originating from deforested land after December…