Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenyan businesses are increasingly absorbing rising production and operational costs as they seek to retain customers amid growing price sensitivity and weakening purchasing power. The strategy is intended to protect sales volumes and prevent customers from switching to cheaper alternatives, but it is putting pressure on firms’ profit margins as fuel, transport, energy and raw…
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…
Kenyan CEOs want the government to cut business costs, make credit cheaper and clear pending bills owed to firms. High operating expenses, weak purchasing power and policy uncertainty remain major concerns for businesses. Despite the challenges, firms see technology adoption, stronger demand and market expansion as key growth opportunities. Kenya’s private-sector leaders have intensified calls…
Banks have increased lending to MSMEs as falling interest rates make credit more affordable. The latest figures reveal which lenders are leading the race to finance small businesses. Lower borrowing costs are encouraging stronger demand for credit across key sectors of the economy. Kenyan businesses are gaining easier access to bank financing, with lenders advancing…
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…
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…
EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…
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,…
CBK raises Ksh30.62 billion in oversubscribed Treasury bills auction 91 day Treasury bill records strongest investor demand Government secures Ksh11.52 billion in net new borrowing The Central Bank of Kenya (CBK) raised Ksh 30.62 billion in a Treasury bills auction that attracted strong demand from investors, even as appetite varied across the three tenors on…
CBK urges Kenyans to report illegal mobile loan apps. 25 new lenders licensed, raising the total to 252. Licensed lenders issued Ksh 150.56 billion in loans by May 2026. The Central Bank of Kenya (CBK) has urged Kenyans to report illegal mobile lending applications, as part of an intensified crackdown on unlicensed digital lenders accused…
