Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Savings and Credit Co-operative Societies (SACCOs) are playing an increasingly significant role in financing agricultural activities, with their contribution to credit to farmers growing from 15 per cent in March 2026 to 23 per cent in May 2026. A survey by the Central Bank of Kenya (CBK) further shows that nearly one-third (32 per cent)…
Kenya’s Ksh1,000 note has surged to dominate the country’s cash economy, accounting for nearly 80 percent of all notes in circulation, according to new data from the Central Bank of Kenya (CBK). The CBK report shows that total notes in circulation rose by 7 percent, climbing from Ksh 360.46 billion in 2025 to Ksh 388.41…
Since 2023, Kenyans, especially those working in formal employment, have faced tough times with increased taxation and new statutory deductions eating into their payslips. Over the last three years, the government has increased deductions among salaried Kenyans with the Social Health Insurance Fund (SHIF), requiring a mandatory contribution of 2.75% of an employee’s gross monthly salary….
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….
Internal Security and National Administration Principal Secretary, PS Dr. Raymond Omollo has welcomed the recent decision by S&P Global Ratings to raise Kenya’s long-term sovereign credit score from ‘B-’ to ‘B’, calling it a strong endorsement of the country’s economic direction under President William Ruto. In a post shared on his official X (Formerly twitter)…
