Central Bank of Kenya - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Stanbic Bank Kenya appoints Michael Mutiga as new CEO

Sacco ReviewJuly 17, 202605 mins

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 Ksh30.62B in oversubscribed Treasury bills auction

Sacco ReviewJuly 17, 202605 mins

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 unauthorised mobile loan apps in latest crackdown

Sacco ReviewJuly 15, 202604 mins

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…

Sacco lending to farmers surges to 23 per cent as CBK reveals shifting credit trends

Sacco ReviewJune 22, 202604 mins

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)…

Ksh1,000 note dominates currency circulation, driving 80% of cash in Kenya

Sacco ReviewJune 8, 202603 mins

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…

Saccos remain wary of poor savings culture among Kenyans as incomes dwindle

Sacco ReviewApril 27, 2026April 27, 202606 mins

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….

Farmers shift to family and digital lenders as bank, SACCO credit drops despite CBK easing

Sacco ReviewDecember 19, 202504 mins

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….

PS Omollo applauds S&P credit upgrade as boost for Kenya’s economic confidence

Sacco ReviewAugust 25, 202503 mins

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)…

Banks record mixed trends in this year’s second quarter, study reveals

Sacco ReviewSeptember 3, 202407 mins

The Kenyan Banking Sector asset base recorded a mixed trend in the quarter ended June 30, 2024, compared to the growth in the quarter ended March 31, 2024 a study has revealed. In the recent Central Bank of Kenya commercial banks’ credit officer survey for quarter ended June 30, 2024 where 38 commercial banks and…

What next for KUSCCO after loss of billions in member savings?

Sacco ReviewMay 31, 2024May 31, 202408 mins

Stakeholders in the cooperative movement have now called for urgent measures to ensure that the country’s Sacco umbrella body, the Kenya Union of Credit Co-operatives (KUSCCO), is regulated for safety of funds and restore the image of the union. This comes after the Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui dissolved the…