APOLOGY AND CLARIFICATION ON SHIRIKA SACCO STORY
On April 12, 2026, The Sacco Review online paper (www.saccoreview.co.ke) published a story about Shirika Housing Cooperative Ltd titled ‘Crisis at Shirika: Members plot uprising as troubled cooperative heads for explosive AGM’ While the article was exclusively about Shirika Housing cooperative, we erroneously used the photograph and logo of Shirika DT Sacco Ltd which is…
Acting Chief Executive Officer of the Sacco Societies Regulatory Authority (SASRA), David Sandagi-Photo|Courtesy
SASRA flags rising asset concentration as large SACCOs dominate industry
The SACCO Societies Regulatory Authority (SASRA) has raised concern over the ever‑increasing concentration of assets within Kenya’s regulated SACCO industry, warning that a small cluster of large institutions continues to dominate the sector. According to SASRA, by 2024, a total of 60 large‑tiered regulated SACCOs controlled 77.07 per cent of the industry’s total assets, amounting…
Kenyan diaspora remittances mobilized for climate solutions through SACCOs, says WOCCU
Nearly $5 billion in annual remittances from Kenyans abroad is being redirected to support climate solutions through a new program that channels diaspora savings into renewable energy, water access, climate‑smart agriculture, and green housing projects. According to the World Council of Credit Unions (WOCCU), the initiative creates a direct pathway for diaspora funds to finance…
One of Nyamira County rural vegetable organic gardening free of toxics-Photo|Enock Okong'o
Ban use of toxic chemicals in agriculture, environmentalist tells Govt
Scientist and Environmentalist, PM Mokaya has petitioned the African Union to ban the use of toxic chemicals in agriculture, arguing that profit-driven farming is endangering human health, soil fertility, and the continent’s food security. Mokaya cited highly hazardous pesticides, or HHPs, that are still used across Africa despite being banned or restricted in the EU…
FKE, CEO Jacqueline Mugo-Photo|Courtesy
Employers’ federation warns rising business costs threaten jobs and investment
The Federation of Kenya Employers (FKE) has raised alarm over the escalating cost of doing business in Kenya, warning that the trend is undermining competitiveness, discouraging investment, and threatening job creation in the private sector. In a statement, FKE said enterprises across multiple industries are struggling under increased statutory obligations, regulatory burdens, and rising operational…
Pakistan tea importers protest Kenya’s new export levy, warn of rising costs
Kenya’s largest tea export market, Pakistan, has formally protested the newly introduced 0.8 per cent export levy on tea, warning that the measure will raise import costs and strain an already fragile market. In a letter addressed to the Tea Board of Kenya (TBK) Chief Executive Officer Willy Mutai, the Pakistan Tea Association (PTA) urged…
Busia Bodaboda riders during the empowerment drive. Photo Courtesy
Busia Bodaboda riders reap big from empowerment drive, urged to form SACCOs
Busia County Bodaboda riders yesterday received a major boost after Governor Paul Otuoma in the company of distinguished guests, presided over a Riders Empowerment Initiative that doubled as a major harambee, bringing together over 2,000 bodaboda riders. According to the organisers, the initiative focused on smart insurance solutions, enhanced security awareness, financial literacy, and practical…
North Imenti MP Rahim Dawood-Photo|Courtesy
MP Dawood urges KRA to ease tax burden amid harsh economic climate
North Imenti Member of Parliament (MP) Rahim Dawood has called on the Kenya Revenue Authority (KRA) to review and reduce taxes, citing the tough economic conditions facing Kenyans and businesses. Speaking in Meru town during a KRA citizens’ engagement forum, Dawood said the high cost of living, compounded by multiple government levies, has made it…
The Tea Board of Kenya (TBK) CEO Willy Mutai-Photo|Courtesy
TBK defends new tea levy, says it will boost farmer earnings and sector competitiveness
The Tea Board of Kenya (TBK) has moved to address growing concerns over a new tea levy, saying the charge is designed to fund industry development programmes and ultimately raise returns for tea farmers across the country. In a press statement dated May 8, 2026, TBK Chief Executive Officer (CEO) Willy Mutai said the government…
CS Oparanya alongside interim officials of Tushirikiane DT Sacco pose for a photo after the inaugural meeting-Photo|Courtesy
Oparanya meets interim officials of Tushirikiane DT Sacco to drive Western Region’s economic agenda
Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya has held the inaugural meeting with interim officials of Tushirikiane DT Sacco, a newly formed financial institution that is expected to anchor economic transformation in Western Kenya. The Sacco, launched earlier at Emabole, draws membership from Kakamega, Bungoma, Busia, Vihiga, and Trans Nzoia counties. It has already registered…
