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Law expert urges gov’t to impose penalties on delays in payment of pending bills to save suppliers, SMEs

Sacco ReviewNovember 12, 202505 mins

A law expert has proposed the enactment of a law giving timelines for payment of pending bills in Counties and the National government in order to cushion contractors and suppliers from losses. Melisa Achieng an advocate of the High Court of Kenya says penalties for delayed payments should be imposed by the Controller of Budget…

Boost for SMEs as new funding, investment opportunities unlocked in Kenya-Gulf pact

Sacco ReviewSeptember 19, 202508 mins

The partnership between Africa and the Gulf countries has been taunted as a major milestone towards promoting businesses and triggering economic growth in African countries. Small and Medium Enterprises (SMEs) are set to be the major beneficiaries with eased access to financing as well as investment opportunities to grow and sustain the ventures. Partners under…

SMEs gain competitive edge through practical E-commerce skills training

Sacco ReviewSeptember 1, 202505 mins

The Small and Medium-Sized Enterprises (SMEs) and Micro, Small and Medium-sized Enterprises (MSMEs) in the Coffee, service industry and Leather industries received training on the E-commercial skills and Non-Tariff Measures (NTMs) training courtesy of the partnership between the Kenya Private Sector Alliance(KEPSA) and the ITC’s EU-EAC MARKUP II Program. The training program which took place…

Foundation launched to train SMEs, youth on entrepreneurship and financial literacy

Sacco ReviewMarch 11, 202506 mins

A Foundation seeking to train the youth and Small and Medium Enterprises (SMEs) on entrepreneurship and financial literacy has been unveiled. Munyiri Africa Foundation (MAF) has embarked on a programme aimed at mentoring and imparting relevant knowledge and skills to the youth which will help hone their business skills and start and sustain their business…

Boost for SMEs as multibillion warehousing facilities open doors at Tatu City, create 1,000 jobs

Sacco ReviewMarch 5, 202508 mins

Small and Medium Enterprises (SMEs) in the country are set to benefit from multibillion-dollar warehousing facilities that have opened doors at Tatu City in Ruiru, Kiambu County. The Link Warehousing & Logistics Park is a joint initiative between Tatu City Limited, Chandaria Properties, Mahesh & Tirth Construction, and Steel Structures. It is expected to provide…

SMEs challenged to leverage on technology for growth, sustainability

Sacco ReviewFebruary 21, 202508 mins

Small and medium-sized enterprises (SMEs) have been challenged to leverage on technology and adopt industry networks to position their businesses better for growth. Industry players noted that for small businesses to flourish, adoption of technology is key as it helps in data management, enhanced protection against cyber threats, facilitates improved service delivery and enables access…

KNCCI chairman urges SMEs to understand taxes for business resilience and compliance

Sacco ReviewNovember 7, 202404 mins

The proprietors and managers of small and medium-sized enterprises (SMEs) have been urged to keenly research and understand the types of taxes that affect their businesses for resilience and tax compliance. The Chairman of the Kenya National Chamber of Commerce and Industry (KNCCI) Kericho branch Rev. Reubenson Malakwen Bett said SME managers should try to…

Agricultural Food Authority lauds MPs for amending Financial Bill

Sacco ReviewJune 19, 202404 mins

The Agriculture and Food Authority (AFA) has lauded members of the National Assembly for listening to the cries of Kenyans before adjusting the Finance Bill 2024. AFA board member Samuel Ongow singled out the proposed taxes on sugar transportation, which he noted, was going to be a burden to cane farmers across the country. Speaking…

Programme to boost SMES in training, linkages and financial access launched

Sacco ReviewApril 12, 202404 mins

Over 1500 Small and Medium Enterprises (SMEs) from across the country are set to receive a boost in financial literacy training, market linkages, business networking and financial access through a newly launched empowerment programme. The Inua Biashara programme brings together financial institutions, media houses, the national chamber of commerce and industry as well as learning institutions;…

Safaricom Sacco to targets SMEs in new market strategy

Sacco ReviewJanuary 13, 2024January 13, 202402 mins

Safaricom Sacco Limited is set to broaden its customer base by focusing on Small and Medium Enterprises (SMEs). This was revealed during a meeting with Cooperatives and MSMEs Cabinet Secretary Simon Chelugui. “Today, I received the Board of Safaricom Sacco Limited who paid me a courtesy call where we discussed many issues including broadening of…