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HomeDaily NewsSunday, February 22, 2026Kenyan Financial Institutions and Businesses Announce New Initiatives and Results - February 2026
Business & Economy3 stories from 1 sources

Kenyan Financial Institutions and Businesses Announce New Initiatives and Results - February 2026

The Kenya National Police DT SACCO reported significant financial growth in 2025, with total assets reaching Sh66.6 billion and distributing Sh4.1 billion to its members. In business developments, Savannah Honey has launched what it calls Africa’s first structured bee venom marketplace in Kenya. This initiative aims to tap into the lucrative $438 million (Sh70.08 billion) global venom extracts market, positioning Kenya as a key supplier for pharmaceutical and cosmetic industries. Separately, the Kenya Development Corporation (KDC) launched a Sh70 million wholesale financing facility. This facility is designed to support livestock value chains and boost credit access for MSMEs in West Pokot and Turkana counties.

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Saturday 1:00 PMCapital BusinessFirst

Savannah Honey eyes Sh70bn global bee venom market

Savannah Honey eyes Sh70bn global bee venom market

Savannah Honey has launched what it calls Africa’s first structured bee venom marketplace in Kenya, aiming to tap into the lucrative $438 million (Sh70.08 billion) global venom extracts market. This move positions Kenya to become a key player in supplying high-value bee venom for pharmaceutical and cosmetic industries worldwide.

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Key Highlights

Savannah Honey has launched what it calls Africa’s first structured bee venom marketplace in Kenya, aiming to tap into the lucrative $438 million (Sh70.08 billion) global venom extracts market. This move positions Kenya to become a key player in supplying high-value bee venom for pharmaceutical and cosmetic industries worldwide.

  • The global venom extracts market is projected to grow to $726 million (Sh116.16 billion) by 2036.
  • Chief Executive Paul Kyalo Mutua announced the platform will formalize standards and aggregate supply for international buyers.
  • Savannah Honey buys one kilogramme of bee venom at Sh4 million and seeks to contract farmers to manage 10,000 hives in the next six months to meet an existing export order.
Saturday 1:01 PMCapital Business

KDC targets livestock value chains with Sh70mn facility in West Pokot

KDC targets livestock value chains with Sh70mn facility in West Pokot

The Kenya Development Corporation (KDC) has launched a Sh70 million wholesale financing facility to support livestock value chains in West Pokot and Turkana counties, aiming to boost credit access for MSMEs in pastoral economies.

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Key Highlights

The Kenya Development Corporation (KDC) has launched a Sh70 million wholesale financing facility to support livestock value chains in West Pokot and Turkana counties, aiming to boost credit access for MSMEs in pastoral economies.

  • The funding, channeled through Eco Pillar Sacco under the De-Risking, Inclusion and Value Enhancement (DRIVE) programme, targets livestock farmers, traders, and processors.
  • The first tranche of Sh35 million has already been disbursed to 170 farmers, with youth and women comprising 54 percent of beneficiaries.
  • Principal Secretary for Investment Promotion Abubakar Hassan Abubakar stated this investment is about strengthening productivity and building long-term resilience in West Pokot's livestock-dependent economy.
Saturday 1:30 PMCapital Business

Police DT SACCO assets hit Sh66.6bn, pays Sh4.1bn to members

Police DT SACCO assets hit Sh66.6bn, pays Sh4.1bn to members

The Kenya National Police DT SACCO has reported significant financial growth in 2025, with total assets reaching Sh66.6 billion and distributing Sh4.1 billion to its members.

Read Story

Key Highlights

The Kenya National Police DT SACCO has reported significant financial growth in 2025, with total assets reaching Sh66.6 billion and distributing Sh4.1 billion to its members.

  • Total assets increased from Sh59 billion in 2024 to Sh66.6 billion, while revenue rose to Sh15.27 billion.
  • Chief Executive Officer Solomon Angutsa Atsiaya stated that a dividend of 17 percent and interest on deposits of 11 percent were declared.
  • The SACCO, serving approximately 75,000 members, plans a Sh2.49 billion investment in ICT modernization and aims to reach Sh100 billion in assets within five years.
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