The Leading Newspaper for Co-operative Movement in Kenya
Kenya’s agricultural export ambitions are facing a major financial hurdle as thousands of farmers, cooperatives and micro, small and medium enterprises (MSMEs) struggle to access affordable capital needed to take advantage of growing international demand. Despite the country’s strong agricultural base and expanding opportunities in overseas markets, many producers and small businesses remain unable to…
KNCCI and Co-operative Bank have expanded trade finance for farmers, cooperatives and MSMEs. The partnership will support export financing, market access and business growth. Plans are underway to scale financing to Ksh5 billion. Limited access to affordable trade finance continues to prevent thousands of Kenyan farmers, cooperatives and micro, small and medium enterprises (MSMEs) from…
Agriculture’s GDP share rose to 23.2 per cent, with output valued at Ksh 4.07 trillion. Horticulture, coffee, tea and milk posted strong growth, while wheat and sugarcane output declined. Counties want more funding for irrigation, mechanisation and value addition. Agriculture remained the backbone of Kenya’s economy in the last financial year, with the sector’s share…
Seven tea factories fetched more than Ksh 388.08 per kg at the Mombasa Tea Auction, led by Mununga at Ksh 433.36 per kg. KTDA managed factories sold 2.46 million kg of tea, earning Ksh 822.8 million, despite lower volumes compared with the previous week. Rwanda recorded the highest average price at Ksh 372.81 per kg,…
KIWANA has asked Senator Edwin Sifuna to reject the Nairobi County Development Policy 2026 and table its petition in the Senate. Residents say the policy lacks adequate public participation and could encourage unchecked high rise developments. The association wants sustainable development guided by proper planning and public consultation. The Kileleshwa Ward Neighbourhood Association (KIWANA) has…
Sugar millers want tighter controls on raw sugar imports to protect local producers. They urged enforcement of the Sugar Act, 2024 and Kenya Revenue Authority (KRA) rules to stop raw sugar reaching consumers. They warned excess imports are hurting local millers, jobs and tax revenue. Sugar industry stakeholders have urged the national government to regulate…
Nairobi Coffee Exchange sale 34 earned KSh994 million after selling 18,089 bags of coffee at an average USD 344 per 50kg bag. New KPCU led brokers by volume, while Meru County Coffee Marketing Agency posted the highest average price. Ngugu ini AA topped the sale at USD 410 per 50kg. C.Dormans SEZ Ltd was the…
The Co-operative Tribunal has ordered KUSCCO to refund nearly Ksh489 million to Mhasibu DT Sacco over a matured fixed deposit and savings account. The tribunal ruled that KUSCCO must honour its contractual obligations despite its financial challenges and restructuring. The decision could influence similar recovery claims by other Saccos seeking to recover funds tied up…
George Ombado has been re-elected ACCOSCA Executive Director for a second three year term. CAK said the re election reflects confidence in his leadership of Africa’s cooperative sector. Ombado will continue leading efforts to expand financial inclusion through Saccos across Africa. George Ombado has been re-elected Executive Director of the African Confederation of Cooperative Savings…
Meru clergy launched Maendeleo Ya Jamii Sacco to support small traders, farmers and low income earners with affordable loans and savings. Members pay Ksh500 to register, buy shares from Ksh1,000 and can access loans from Ksh2,000. Leaders urged residents to save, invest and join the Sacco to grow their businesses. Residents of Ruiri-Rwarera ward in…
