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HomeDaily NewsWednesday, August 19, 2026EACC Flags Governance Gaps in Kenya's Co-operative Sector - August 2026
Business & Economy3 stories from 1 sources

EACC Flags Governance Gaps in Kenya's Co-operative Sector - August 2026

The Ethics and Anti-Corruption Commission has identified significant governance and oversight weaknesses in Kenya's co-operative sector, warning that these gaps create opportunities for corruption and could endanger billions in sector resources. At the same time, Equity Group announced its profit after tax for the first half of 2026 soaring by 32 percent to Sh45.5 billion. Meanwhile, private debt is emerging as a vital alternative financing source for Kenyan micro, small, and medium enterprises, offering flexible solutions amid challenges with traditional credit access. These developments highlight ongoing dynamics in Kenya's financial and business sectors, with regulatory scrutiny contrasting against corporate performance improvements and emerging financing models.

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Wednesday 9:30 AMCapital Business

EACC flags governance gaps in Kenya’s co-operative sector, calls for stronger controls to curb corruption

EACC flags governance gaps in Kenya’s co-operative sector, calls for stronger controls to curb corruption

The Ethics and Anti-Corruption Commission (EACC) has identified significant governance and oversight weaknesses in Kenya's co-operative sector, warning that these gaps create opportunities for corruption and could endanger billions in sector resources.

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Key Highlights

The Ethics and Anti-Corruption Commission (EACC) has identified significant governance and oversight weaknesses in Kenya's co-operative sector, warning that these gaps create opportunities for corruption and could endanger billions in sector resources.

  • The EACC's report examined systems within the State Department for Co-operatives and key agencies like the Sacco Societies Regulatory Authority (SASRA) and New Kenya Co-operative Creameries Limited.
  • EACC Commissioner Alfred Mshimba emphasized the critical need to protect these resources, which benefit millions of Kenyans, for investments in housing, education, and agriculture.
  • The Principal Secretary for the State Department for Co-operatives, Patrick Kilemi, welcomed the report and committed to implementing the EACC's recommendations for stronger controls and accountability.
Wednesday 8:20 AMCapital BusinessFirst

Private debt emerges as alternative financing for Kenyan MSMEs

Private debt emerges as alternative financing for Kenyan MSMEs

Private debt is emerging as a vital alternative financing source for Kenyan micro, small, and medium enterprises (MSMEs), offering flexible solutions amid challenges with traditional credit access.

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Key Highlights

Private debt is emerging as a vital alternative financing source for Kenyan micro, small, and medium enterprises (MSMEs), offering flexible solutions amid challenges with traditional credit access.

  • The estimated MSME financing gap in Kenya stands at approximately Sh4 trillion.
  • Teddy Yanga, Senior Investment Manager at Lofty-Corban Investments Limited, highlights private debt's benefits.
  • Private debt provides capital based on a business's cash flows and growth potential, not just collateral.
Wednesday 10:02 AMCapital Business

Equity Group H1 profit after tax rises 32pc to Sh45.5bn

Equity Group H1 profit after tax rises 32pc to Sh45.5bn

Equity Group announced a significant increase in its financial performance, with its profit after tax for the first half of 2026 soaring by 32 percent.

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Key Highlights

Equity Group announced a significant increase in its financial performance, with its profit after tax for the first half of 2026 soaring by 32 percent.

  • Profit after tax reached Sh45.5 billion, up from Sh34.6 billion in the same period last year.
  • The strong results were driven by a 17 percent rise in net interest income and a 36 percent increase in non-funded income, which now accounts for 44.5 percent of total income.
  • Dr. James Mwangi, Group Managing Director and CEO, attributed the performance to resilient economic growth across the regions where Equity Group operates, highlighting strong contributions from subsidiaries in Tanzania and the Democratic Republic of Congo.
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