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Kenyans urged to safeguard savings amid Gulf fuel crisis

Sacco ReviewJuly 17, 202604 mins

CEO urges Kenyans to safeguard savings and use fuel prudently amid Gulf crisis. Rising fuel prices are shrinking household savings, business profits and borrowers’ creditworthiness. Financial institutions say they can only advise members as they await government intervention. Kenyans have been urged to utilize their savings and fuel reserves prudently to navigate the economic hardships…

US tariffs threat risk Kenya- Iran tea trade

Sacco ReviewJanuary 13, 202604 mins

Kenya- Iran tea trade has been shaken following the US President Donald Trump’s threat to slap a 25 per cent tariff on any country trading with Iran. The country is set lose more as Tehran has been a prolific tea importer and a strategic security partner of Washington, in an awkward bind. “Effective immediately, any…

Kenya, Iran form committee to lift Kenyan tea ban

Sacco ReviewAugust 12, 202503 mins

The government of Kenya and Iran have agreed to establish a joint committee tasked with eradicating trade obstacles within 60 days, paving the way for the lifting of the ban on Kenyan tea exports to Iran. The agreement was reached during the 7th Session of the Kenya-Iran Joint Commission for Cooperation (JCC) held in Nairobi…