Why Sacco is rejecting delegate system for large cooperatives

Members of Tower Sacco in Nyandarua have unanimously rejected a government directive mandating a delegate system for cooperative societies with at least 5,000 members, citing concerns over transparency and potential manipulation. This decision was made during the Sacco’s 50th annual general meeting held in Ol Kalou.

Banks target Kenya's Sh1 trillion SACCO sector as regulation tightens

Mid-tier banks in Kenya are increasing their engagement with the country's huge SACCO sector, which has crossed Sh1.07 trillion in total assets, as tighter regulatory compliance requirements by SASRA strain smaller cooperatives.

Government calls for tech-regulator collaboration

KDF to Get Major Boost After Signing Historic Military Cooperation Pact

Kenya and the Czech Republic have solidified their diplomatic engagement by signing a Defence Cooperation Agreement (DCA) in Nairobi. This agreement aims to strengthen Kenya's defense capabilities, enhance personnel training, and improve preparedness for regional and international peacekeeping and security responsibilities.

New regulations spark fears of price hikes for consumers

Kenya's new Extended Producer Responsibility (EPR) regulations are sparking fears of significant price hikes for consumers and potential disruptions to supply chains. Following a recent court order allowing their enforcement, businesses warn that an import fee charged on every product entering the country will be passed on, potentially increasing consumer goods prices by over 300 percent in some sectors.