CBK Governor Kamau Thugge/photo courtesy

Banks set for new risk-based pricing model as clients with poor credit history to pay more for loans

Central Bank of Kenya (CBK) Governor Kamau Thugge has announced that in the next three months, commercial banks are expected to have transitioned to the new risk-based pricing models with new loans expected to be priced using the new framework beginning December 1, 2025. The model pegged on the Kenya Shilling Overnight Interbank Average (KESONIA),…

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coffee berries

Belgium overtakes USA as top buyer of Kenya’s coffee

Belgium has over taken the US as the main export market for Kenya’s coffee in the 2023/24 crop season, tipping investors on the opportunities in the European country, which is currently registering a steady growth in consumption of the beverage, driven by an expanding specialty product. New data shows that Belgium bought 8,275.79 tonnes of…

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Livestock Development PS Jonathan Mueke

State to roll out e-voucher system for livestock vaccination to curb diseases

The state through the Ministry of Agriculture and Livestock Development is set to roll out an electronic voucher (e-voucher) system in counties for livestock vaccination, aiming to improve disease surveillance and livestock management. According to Livestock Development Principal Secretary Jonathan Mueke, security agencies will also leverage the system in the ongoing fight against cattle theft…

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Ben Oroko/photo file

Why education for members is key to co-operative transformation

In discharging their mandate in line with the fifth co-operative principle as published by the International Co-operative Alliance, co-operative institutions all over the world take the initiative of providing education and training for their members, elected representatives, managers and employees to enhance their capacity to effectively contribute to the development of their co-operative organizations. That…

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Meru County government Finance and Economic Planning CECM Ms Monica Kathono./photo courtesy

Meru County seeks to boost revenue with structured parking fees

The Meru County Government has introduced a new structured approach to seasonal parking revenue collection. The bid is aimed at enhancing revenue collection and strengthening its partnership with the transport sector. The innovative strategy, which targets matatu and taxi operators, is focused to improve compliance, accountability, and efficiency in revenue collection. In a consultative meeting…

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Homa Bay fishermen form Sacco to boost income, net wealth in blue economy

Fishermen in Homa Bay have formed a Savings and Credit Cooperative Society (Sacco) to boost their income and promote sustainable fishing. This comes after President William Ruto, during the Blue Economy Summit at Tom Mboya University on May 31, gave the Homa Bay Beach Management Unit Sacco Ksh5 million to strengthen its financial base. During…

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IG Sacco Headquaters in Kakamega/photo courtesy

Kakamega’s IG Sacco opens recruitment drive to reinforce workforce

IG Sacco Society Ltd has announced a major recruitment exercise as it seeks to strengthen its workforce and expand its services across the region. The Kakamega-based financial cooperative is calling on qualified professionals to apply for various positions ahead of the September 5, 2025 deadline. The advertised vacancies cover a wide range of roles, including…

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SMEs gain competitive edge through practical E-commerce skills training

The Small and Medium-Sized Enterprises (SMEs) and Micro, Small and Medium-sized Enterprises (MSMEs) in the Coffee, service industry and Leather industries received training on the E-commercial skills and Non-Tariff Measures (NTMs) training courtesy of the partnership between the Kenya Private Sector Alliance(KEPSA) and the ITC’s EU-EAC MARKUP II Program. The training program which took place…

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