SACCOs are cooperative financial institutions where members pool their resources to save, borrow, and invest. Regulated by the Sacco Societies Regulatory Authority (SASRA), many SACCOs in Kenya are classified as deposit-taking (DT) or non-withdrawable deposit-taking (NWDT). DT SACCOs offer Front Office Service Activities (FOSA), allowing members to access banking-like services, such as withdrawable savings accounts, […]
SACCOs are cooperative financial institutions designed to pool member resources for savings and credit purposes. Regulated by the SACCO Societies Regulatory Authority (SASRA), these organizations provide affordable loans, secure savings platforms, and dividend payouts that often surpass returns from traditional bank accounts. In Kenya, SACCOs have transformed lives by offering financial services tailored to diverse […]
Teachers’ SACCOs provide a lifeline for educators, offering financial products designed to meet their unique needs. Unlike banks, SACCOs are member-owned, meaning profits are redistributed as dividends, and loans come with lower interest rates. Here’s why every teacher should consider joining a SACCO in 2025: With Kenya’s Central Bank Rate (CBR) at 10% in 2025, […]
Kenya’s healthcare system comprises both public and private facilities, but the cost of quality care, especially in private hospitals, can be prohibitive. According to the World Health Organization, nearly 1.5 million Kenyans are pushed into poverty annually due to out-of-pocket healthcare expenses. Medical insurance provides a financial safety net, ensuring access to timely care without […]
The Port of Lamu has marked a historic milestone with the arrival and docking of its first-ever conventional cargo vessel, the MV Van Melody, a development that underscores the port’s growing importance in Kenya’s maritime landscape. The vessel, operated by Oceanfront East Africa Limited, docked to offload 129 coils of break bulk cargo, equivalent to […]
Uber has unveiled Uber Safari, a new product category offering tailored wildlife experiences in Nairobi National Park, the world’s only national park located within a capital city. The launch, announced as part of Uber’s 10-year anniversary in Kenya, aims to blend technology with tourism by making safaris more accessible to both locals and international visitors. […]
Sanlam Kenya PLC has announced that it will hold an Extraordinary General Meeting (EGM) of shareholders on October 9, 2025, at 11:00 a.m. via electronic communication, with the main agenda being the proposed change of the company’s name to Sanlam Allianz Holdings (Kenya) PLC. The name change reflects the deepening integration of Sanlam’s operations in […]
KCB Bank Kenya, one of the largest financial institutions in East Africa, offers a robust mobile banking platform that allows customers to transfer money, pay bills, access loans, and manage savings directly from their phones. Through its partnership with Safaricom, KCB M-PESA enables seamless transactions between KCB accounts and M-PESA wallets, making it a popular […]
The International Livestock Research Institute (ILRI), backed by the Bezos Earth Fund and the Global Methane Hub, has unveiled a three-year, US$3.35 million initiative to breed cattle that emit less methane, while boosting productivity and food security for millions of smallholder farmers across Africa. The project, part of the Global Methane Genetics Initiative, will combine […]
The Shelter Afrique Development Bank (ShafDB) and the African Export-Import Bank (Afreximbank) have signed a landmark Joint Project Preparation Facility (JPPF) Framework Agreement, unlocking a potential US$1 billion in cumulative investments to transform housing, urban development, and trade infrastructure across Africa. The agreement was signed on the sidelines of the fourth Intra-African Trade Fair (IATF2025), […]
