The Leading Newspaper for Co-operative Movement in Kenya
Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…
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…
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…
Kenyans have withdrawn Ksh2.56 billion from the Boma Yangu scheme. Refunds have increased 3.5 times since President Ruto took office. Refunds are rising faster than new savings, signalling weaker confidence. Kenyans have pulled more than Ksh2.5 billion out of the government’s Boma Yangu housing savings scheme, as growing numbers of contributors abandon the programme and…
MSEA and partners are training women and youth traders on AfCFTA opportunities during a two day programme running on July 20 and 21. The training focuses on market access, digital trade, finance and the AfCFTA Protocol on Women and Youth in Trade to help traders expand across Africa. An exhibition is showcasing products by Kenyan…
SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…
SASRA says secondary Saccos will not offer retail services. Bill seeks to protect member savings through a Deposit Guarantee Fund. Reforms also strengthen liquidity management and interbank access The Sacco Societies Regulatory Authority (SASRA) has pushed back against widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, clarifying that the bill will not allow…
Homa Bay farmers celebrate first rice harvest under revived irrigation scheme. Government begins buying paddy as farmers expect improved incomes. Project boosts food security and supports commercial rice farming. Hundreds of smallholder farmers in Homa Bay County are celebrating their first rice harvest after the revival of the Kimira-Oluch Smallholder Farm Improvement Project (KOSFIP). The…
ASK Kisumu will donate harvest festival proceeds to two special schools. The July 22 to 26 national show will feature over 200 exhibitors. Organisers promise subsidised entry for special schools and enhanced security The Agricultural Society of Kenya (ASK) Kisumu Branch will hand over proceeds of this year’s harvest festival to selected special schools within…
GDC has launched construction of a Ksh500 million geothermal laboratory and office complex in Nakuru. The facility will boost geothermal research, exploration and technical training. GDC says the project will strengthen Kenya’s clean energy sector and geothermal expertise. The Geothermal Development Company (GDC) has launched construction of a new Geothermal Science and Analytical Laboratory and…
