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President Ruto urges banks to boost MSME lending

Sacco ReviewJune 28, 202604 mins

President William Ruto has called on commercial banks to expand credit access for micro, small, and medium enterprises (MSMEs), warning that limited financing continues to stifle growth in one of Kenya’s most vital economic sectors. Speaking at the World MSME Day celebrations held at the Kenyatta International Convention Centre (KICC) in Nairobi, the President emphasized…

Co-operative Model Savings culture Key to Sacco members empowerment

Sacco ReviewJune 3, 2026011 mins

There is no secret that Savings and Credit Co-operative Societies (Saccos) across the world have been developed to meet the fundamental human need of finding a way of saving and borrowing methods to promote the economic interest of their members. They achieve this co-operative principle through the co-operative business model savings culture among members. The…

Banks set for new risk-based pricing model as clients with poor credit history to pay more for loans

Sacco ReviewSeptember 3, 202505 mins

Central Bank of Kenya (CBK) Governor Kamau Thugge has announced that in the next three months, commercial banks are expected to have transitioned to the new risk-based pricing models with new loans expected to be priced using the new framework beginning December 1, 2025. The model pegged on the Kenya Shilling Overnight Interbank Average (KESONIA),…

Passaris urges Treasury to increase tax to bar banks, Saccos from lending to government

Sacco ReviewMay 17, 202403 mins

Nairobi Woman Representative Esther Passaris has urged the National Treasury to push the 5 per cent withholding tax on the interest income earned from the infrastructure bonds to 20 per cent. She revealed this in a statement on Thursday, May 16, 2024 seen by Sacco Review where she noted that the current proposed tax will…