Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Bank lending rates differ widely despite a lower industry average Borrowers face different costs depending on the bank and loan terms CBK maintains the Central Bank Rate at 8.75 per cent Kenyans shopping for loans have been handed a fresh guide to the cost of borrowing. New Central Bank of Kenya (CBK) figures reveal a…
Mortgage lending expanded as borrowing costs eased Larger loans accounted for much of the growth in the market Banks continue to face rising pressure from mortgage defaults and housing costs Kenya’s mortgage book grew 10 percent to Ksh307.2 billion in 2025 as rates eased, though bad loans rose, the Central Bank of Kenya reports. Outstanding…
621 non-deposit taking Saccos left Kenya’s credit information sharing system in 2025 Sacco participation in CRB data sharing fell sharply as third party sources also declined Rising demand for credit reports highlights the growing role of borrower data in lending decisions More than 600 non-deposit taking Saccos dropped out of Kenya’s credit information sharing system…
CBK is bringing African financial leaders together for its 60th anniversary Experts will examine how AI is changing central banking and finance Governors are set to explore Africa’s push for greater monetary independence The Central Bank of Kenya (CBK) has marked 60 years since its establishment, opening a week of high-level engagements that bring African…
Digital lenders are becoming a bigger part of how Kenyan farmers meet urgent farm costs. Farmers continue to borrow heavily for inputs and labour as production expenses remain high. The shifting credit patterns highlight the growing need for affordable and sustainable agricultural financing. Digital lenders are increasingly becoming an important source of financing for Kenyan…
High Court suspends Treasury approval requirement for banks seeking to raise loan interest rates. Order follows a legal challenge by the Kenya Bankers Association over Section 44 of the Banking Act. Borrowers are not automatically facing higher rates, but customers with variable rate loans should monitor lender communications. Thousands of Kenyan borrowers face fresh uncertainty…
CBK has retained the benchmark rate at 8.75% for the third consecutive meeting. Inflation stood at 6.5% in July, while the economy grew 5.3% in Q1 2026. The unchanged rate is expected to keep borrowing costs stable for businesses and households. The Central Bank of Kenya (CBK) has retained the Central Bank Rate (CBR) at…
A Nairobi court ruled that unlicensed digital lenders cannot sue to recover unpaid loans. The decision strengthens the legal position of licensed Saccos over unregulated lenders. The ruling also reminds Sacco digital lenders to maintain valid CBK licences. A Nairobi court has barred unlicensed digital lenders from suing to recover unpaid debts, handing Saccos a…
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…
Stanbic Bank appoints Michael Mutiga as CEO, effective August 1, subject to CBK approval. Mutiga joins from Safaricom after senior banking roles at Citibank and Barclays. He succeeds acting CEO Abraham Ongenge following Joshua Oigara’s regional promotion Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer (CEO), effective August 1, 2026,…
