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The Kenya Deposit Insurance Corporation (KDIC) has unveiled proposals to strengthen depositor protection by doubling the compensation limit to KSh1 million per depositor, up from the current KSh500,000, in the event of bank collapse. In a public notice, KDIC explained that the review seeks to adjust the maximum guaranteed payout to reflect current realities in…
Walimu Solidarity Sacco can now allow teachers outside union leadership to join the Sacco, following approval of the long-awaited check-off system by the Teachers Service Commission (TSC). The system allows for direct salary deductions of member contributions, a major step forward since the Sacco previously only served union officials due to the absence of a…
A section of residents from Meru town have accused Governor Mutuma M’Ethingia and Meru Water and Sewerage Services (MEWASS) of failing North Imenti residents by approving what they describe as a steep increase in water tariffs. The residents claim the move has significantly raised the cost of living, leaving many households struggling to cope. Speaking…
Cabinet Secretary for Cooperatives and SMEs, Wycliffe Oparanya, has announced the introduction of a Deposit Guarantee Fund aimed at protecting members’ savings in SACCOs in the event of a SACCO collapse. Oparanya assured members that their deposits would be safeguarded, ensuring that they can recover their money even if their SACCOs fail. Speaking about the…
The Agriculture and Food Authority (AFA) has stepped up a nationwide crackdown on unlicensed dealers and processors of macadamia nuts across key growing counties, in a move aimed at restoring order and protecting farmers. According to the authority, the ongoing operation seeks to enforce compliance with the Crops (Nuts and Oil Crops) Regulations of 2020….
Former Cabinet Minister Raphael Tuju has launched a blistering attack on Shanta Gold Limited, accusing the mining firm at the centre of a land dispute in Ramula, Siaya County, of operating under a veil of secrecy and disregarding community rights. Tuju said preliminary checks on the company’s structure point to an offshore registration in Guernsey,…
Agriculture Principal Secretary Dr Paul Ronoh has said the proposed Tea (Amendment) Bill, 2023 will pave the way for direct sale of tea, allowing factories and farmers to negotiate with buyers offering the highest prices. Speaking during a tour of Tirgaga and Motigo factories under the management of Kenya Tea Development Agency (KTDA), Dr. Ronoh…
Former Cabinet Secretary Raphael Tuju has insisted that proper health safeguards must be put in place before a Nuclear power project that is scheduled for Siaya County takes effect. Tuju noted that issues such as nuclear wastes, pollution and environmental safeguards must be taken into consideration first. Speaking in Siaya while flanked by area Governor…
A major conservation initiative aimed at protecting Oloolua Forest is set to take place on April 25, 2026, at the Oloolua forest in Kajiado North constituency. The event, dubbed “Run for Oloolua,” will bring together government agencies, stakeholders, and members of the public to support forest conservation efforts. The initiative is being organized in partnership…
Stakeholders in the savings and credit co-operative sector are reviewing a report by a team of experts proposing far-reaching reforms that could reshape regulation, governance and operations of Saccos in Kenya. The proposals, which are now at the validation stage, come amid growing pressure to strengthen oversight, protect member savings and address emerging risks in…
