Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Central Bank of Kenya (CBK) has announced the licensing of 32 new Digital Credit Providers (DCPs), bringing the total number of licensed providers to 227. This follows the licensing of 42 DCPs in December 2025, signaling a continued effort to regulate and monitor the digital lending space in Kenya. In a statement released on…
The Kenya Bankers Association (KBA) Centre for Research on Financial Markets and Policy has called on the Central Bank of Kenya (CBK) to maintain the current benchmark policy rate at 8.75%. This recommendation comes in light of rising global risks, including escalating geopolitical tensions and the increasing pressure on inflation and the exchange rate. In…
Coffee farmers have called for the revival of Coffee Board of Kenya (CBK), accusing Agriculture Food Authority (AFA) of being ill-prepared to handle their concerns, as it only operated through the coffee directorate. Speaking during a consultative meeting, Samuel Maina, coffee farmer said the assenting of the coming back of the CBK into law will…
The Central Bank of Kenya (CBK) has cautioned the public against using Kenya Shilling banknotes for decorative or celebratory displays, warning that the growing trend of creating cash flower bouquets and similar arrangements damages currency and disrupts cash processing. In a public notice issued on Monday, the CBK said it has observed increasing use of…
Central Bank of Kenya (CBK) Governor Dr. Kamau Thugge has defended the government’s proposal to sell a 15 per cent stake in Safaricom PLC, describing it as an innovative financing option aimed at supporting infrastructure development without increasing public debt. Appearing before lawmakers, Dr. Thugge said the proposed divestiture would have a positive macroeconomic impact,…
Kenyan farmers are increasingly ditching banks and SACCOs in favour of borrowing from family, friends and digital lending platforms, even as conventional borrowing costs fall. The latest Agriculture Sector Survey by the Central Bank of Kenya (CBK) shows a clear pivot toward informal and tech‑enabled credit, underscoring changing preferences and risk dynamics in agricultural financing….
When the Central Bank of Kenya (CBK) issues a directive, the financial sector listens. And this week, a critical shift landed squarely on the desks—and mobile phones—of millions of Kenyan borrowers after KCB Bank publicly announced its transition to the Revised Risk-Based Credit Pricing Model (RBCPM), a framework crafted and mandated by the CBK. The…
The number of licensed Digital Credit Providers (DCPs) in Kenya rose to 126 as of July 2025, reflecting rapid growth in the digital lending sector following the implementation of stricter regulatory requirements by the Central Bank of Kenya (CBK). According to according to the Central Bank of Kenya’s Financial Sector Stability Report DCPs advanced KSh…
Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…
The Central Bank of Kenya (CBK) has ordered banks and Savings And Credit Cooperative Organisations (SACCOs) to comply with new guidelines on cyber security that mandate stricter protection for financial systems in order to protect themselves against cyber insecurities. To support this, the CBK has established the Banking Sector Cybersecurity Operations Centre (BS-SOC), a hub…
