CBK in Nairobi/Photo File

Kenya’s banking sector shows resilience despite tight lending and rising credit risks, CBK 2024, 2025 report

Kenya’s financial sector remained resilient in 2024 and the first half of 2025, even as lending slowed and credit risks increased, according to the latest Financial Sector Stability Report released by the Central Bank of Kenya (CBK). The sector comprised thirty-eight commercial banks, one mortgage finance institution, and fourteen deposit-taking microfinance banks (MFBs), all under…

Read More
Moyale residents during the meeting/Photo Courtesy

Moyale residents urge govt  to fast track reopening of Hillo gold mine

Residents of Moyale are calling on the government to expedite the reopening of the Hillo gold mine, citing severe economic hardships resulting from its prolonged closure. During a meeting with a delegation from the National Assembly’s Administration and Internal Security Committee led by Vice Chairperson Dido Rasso local residents expressed deep concern over the deteriorating…

Read More
CS Cooperatives and MSMEs Development, Wycliffe Oparanya at the NYOTA Business Development Services (BDS) training centers in Kiambu/Photo Courtesy

CS Oparanya monitors impact of NYOTA program training in Kiambu and Nairobi Counties

Cabinet Secretary for Cooperatives and MSMEs Development, Wycliffe Oparanya  has visited NYOTA Business Development Services (BDS) training centers in Kiambu and Nairobi counties to assess the progress, beneficiary engagement, and overall impact of the entrepreneurship training program as it nears completion. In Kiambu County, CS Oparanya visited ACK Kiu River School, which hosted eight training…

Read More

New Dawn in Lending: Why Kenyans must pay attention to CBK’s revised Risk-Based Credit Pricing Model

When the Central Bank of Kenya (CBK) issues a directive, the financial sector listens. And this week, a critical shift landed squarely on the desks—and mobile phones—of millions of Kenyan borrowers after KCB Bank publicly announced its transition to the Revised Risk-Based Credit Pricing Model (RBCPM), a framework crafted and mandated by the CBK. The…

Read More
Tea farmers/Photo File

Parliamentary inquiry into tea pricing, farmer bonuses reveals farmers’ divisions in Rift Valley

A parliamentary inquiry into tea pricing and farmer bonuses has exposed deep divisions between East and West Rift Valley producers, with western growers demanding fair representation and a review of the grading system. Farmers raised key concerns like the perceived bias in factory classifications, the dominance of multinationals in the West Rift and the unequal…

Read More
KUSCCO Centre
KUSCCO offices/File Photo

Govt directs investigations into KUSCCO housing projects over alleged corruption

The government has launched a formal inquiry into KUSCCO Housing Co-operative Society Limited following member complaints alleging that the society was used to siphon savings from affiliated SACCOs. In a Gazette notice dated October 28, 2025 (No. 17555), the government directs investigators to scrutinise the society’s by-laws, financial records, and the conduct of both current…

Read More
Kisumu Governor Prof Anyang' Nyong'o during the Fourth Kenya Public-Private sector "MSMEs Dialogue/Photo Courtesy

Kisumu Governor hails MSMEs as engine of economic growth, jobs haven

Kisumu Governor Anyang’ Nyong’o has hailed the Micro Small and Medium Enterprises (MSMEs) as not only economic actors but the heartbeat of communities, enterprises that create jobs for youth. Speaking during the Fourth Kenya Public-Private sector “MSMEs Dialogue” in Kisumu, Nyong’o added that the said enterprises create jobs for youths, sparks innovation, support families and…

Read More
Governor Prof. Anyang' Nyong'o during the Rice mill launch in Ahero/Photo by Fredrick Odiero

Governor Nyong’o commissions Rice mill in Ahero

The Kisumu Governor Prof. Anyang’ Nyong’o has commissioned a 2.5 metric tonnes per hour Multi Stage County Rice Mill in Ahero Nyando Sub-County. Speaking during the event, the governor said that the launch signifies a milestone that represents not only investment in infrastructure but a bold and strategic investment in farmers, economy and the County’s…

Read More
Prime Cabinet Secretary Musalia Mudavadi and cooperative CS Wycliffe Oparanya check coffee brands during Ushirika Day.Photo Obegi Malack.

Coffee cooperatives reject Government’s direct pay to farmers

The National Coffee Cooperative Union (NACCU) has rejected a government directive seeking to implement a direct-to-farmer payment model under the Direct Settlement System (DSS), arguing that the policy threatens to dismantle long-standing cooperative structures that manage coffee earnings at pulping-station level. NACCU Chairman Felix Mureithi Mwai said the directive issued on November 2024 by Cabinet…

Read More
Agriculture and Livestock Development CS Mutahi Kagwe speaking during the Intergovernmental Agriculture Forum in Naivasha/Photo Courtesy

Kagwe urges lenders, donors to reduce lending rates to 3% for farmers to benefit

The Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has issued a bold call to lenders and development partners to radically reform agricultural financing models, saying farmers will never achieve meaningful growth unless credit becomes affordable and donor funding is restructured to deliver direct impact at the farm level. Speaking during the Intergovernmental Agriculture…

Read More
Don`t copy text!