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Cyberattack hits over 400 French supermarkets, spoils food

Sacco ReviewOctober 13, 202603 mins

A cyberattack has disrupted operations at hundreds of supermarkets in France. Retailers are counting the cost of widespread refrigeration failures. Investigators are examining vulnerabilities in equipment used to preserve food supplies. More than 400 supermarkets in France were affected by a cyberattack that forced refrigeration systems to heat up to 50°C, destroying fresh and frozen…

NSE to host National SACCO and Capital Markets Forum in Naivasha

Sacco ReviewOctober 13, 202604 mins

The Nairobi Securities Exchange (NSE) will host the National SACCO and Capital Markets Forum in Naivasha from November 25 to 27, 2026, bringing together stakeholders to explore investment opportunities and strengthen links between Savings and Credit Cooperative Organisations (SACCOs) and Kenya’s capital markets. The three-day forum will be held at Lake Naivasha Resort and will…

Bad loans fall to 44-month low as bank lending expands

Sacco ReviewOctober 13, 202609 mins

Bad loans in Kenya’s banking sector have dropped to their lowest level in nearly four years. Private-sector credit has expanded, raising questions about who is benefiting from increased lending. Lower lending rates offer relief, but household incomes and business cash flow remain critical to loan repayment. Banks record a sharp improvement in loan performance as…

Long queues at banks as tea farmers check their KTDA bonus

Sacco ReviewOctober 13, 202605 mins

Tea farmers flocked to banks and Saccos to confirm their 2025/2026 KTDA bonus payments. Bonus rates varied across factories, with growers expressing mixed reactions over the amounts received. Farmers urged factory boards to improve tea quality, reduce costs and secure better bonus rates next year. Tea growers moved to the banks to confirm the amount…

KRA customs revenue hits Sh90 billion, beats target

Sacco ReviewOctober 12, 202603 mins

The Kenya Revenue Authority (KRA) collected Ksh90.05 billion in customs revenue in September 2026, surpassing its monthly target as imports of motor vehicles and containerised cargo recorded growth. The collections rose by 5.8 per cent from the Ksh85.15 billion realised in September 2025, reflecting an increase in revenue generated from international trade. The amount also…

Nandi farmers swap maize for avocado as losses mount

Sacco ReviewOctober 12, 202606 mins

Nandi farmers are turning to avocado after repeated maize losses. A tree-planting campaign targets two million trees across four sub-counties. Growers face a waiting period before avocado trees deliver reliable returns. Maize fields across parts of Nandi County are giving way to young avocado orchards, as growers who have lost money season after season look…

Tribunal quashes KRA Sh972.9m tax demand against KUSCCO

Sacco ReviewOctober 12, 202604 mins

KRA’s tax demand against KUSCCO has hit a legal hurdle. Fresh scrutiny of KUSCCO’s accounts could reshape the dispute. The ruling comes amid growing concerns over KUSCCO’s financial health. The Tax Appeals Tribunal has thrown out a Ksh972.9 million tax demand that the Kenya Revenue Authority (KRA) issued to the Kenya Union of Savings and…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA misses first quarter revenue target by Sh58.2 billion

Sacco ReviewOctober 12, 202605 mins

KRA’s first quarter collections fell short of the Treasury target despite recording year-on-year growth. Higher government spending widened the fiscal deficit, putting pressure on plans to reduce borrowing. Stronger customs revenue offered relief as domestic taxes struggled to meet expectations. Kenya Revenue Authority (KRA) collections fell Ksh58.2 billion short of target in the first quarter…

EPRA adds Sh4.10 per unit to October electricity costs

Sacco ReviewOctober 12, 202603 mins

Electricity consumers face fresh cost adjustments in October. EPRA has announced changes affecting monthly power bills. Households and businesses could feel the impact differently. Electricity consumers in Kenya face higher power costs in October after the Energy and Petroleum Regulatory Authority (EPRA) announced monthly adjustments that add approximately Ksh4.10 per unit consumed. The adjustments comprise…

Migori farmers urged to join cooperatives for grants

Sacco ReviewOctober 12, 202605 mins

Migori farmers urged to join cooperatives to access grants. County to distribute over 2,000 palm seedlings. Oil palm farming targets higher incomes and crop diversification. Farmers in Migori County have been advised to form or join cooperatives and organised farmer groups in order to benefit fully from government grants and other financial organisations supporting their…