Sacco Review - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Omtatah demands Senate probe into affordable housing projects over land-grabbing claims

Sacco ReviewJune 10, 202604 mins

Busia Senator Okiya Omtatah has formally petitioned the Senate to investigate what he describes as irregular development of Affordable Housing projects on public and community land, warning that the programme risks becoming “a cover for land grabbing.” In a request for a statement submitted to the Senate Standing Committee on Land, Environment and Natural Resources,…

CBK holds lending rate at 8.75% to anchor inflation amid global price shocks

Sacco ReviewJune 10, 202604 mins

The Central Bank of Kenya (CBK) has retained the Central Bank Rate (CBR) at 8.75 percent for the second consecutive time, following its Monetary Policy Committee (MPC) meeting on June 9, 2026. The regulator said the move is aimed at anchoring inflation expectations in the face of rising global and domestic price pressures. Kenya’s inflation…

NSSF declares Ksh715 billion assets, urges workers to save against old‑age poverty

Sacco ReviewJune 9, 202604 mins

The National Social Security Fund (NSSF) has announced unaudited assets worth Ksh715 billion as of March 30, 2026, attributing the growth to increased trust and collaboration among Kenyan employees in securing their retirement plans. In a statement released on its official X (formerly Twitter) account, the Fund said the expansion reflects confidence from both formal…

FAO, ICLEI to hold urban food systems workshop in Nairobi

Sacco ReviewJune 9, 202602 mins

The Food and Agriculture Organization (FAO) and Local Governments for Sustainability (ICLEI) are set to host an all-day workshop in Nairobi focused on designing nutrition-sensitive investment strategies for wholesale food markets. Kicking off on Wednesday, June 10, at 8:00 a.m. at the Argyle Grand Hotel, the event will gather city and county officials from Nairobi,…

How Saccos can leverage data mining to revolutionize governance and member services

Sacco ReviewJune 9, 2026June 9, 2026022 mins

Data mining is extracting meaningful, significant, implicit, largely undiscovered, potentially beneficial patterns or knowledge from massive amounts of data. It is the series of steps to discover new, hidden, or unexpected ways in data Data mining is not just about understanding the past but also about preparing for the future. It helps businesses understand demand…

Uasin Gishu County moves to revive Kenknit SACCO as members seek justice over lost millions

Sacco ReviewJune 9, 202604 mins

Hundreds of members of the collapsed Kenknit Savings and Credit Cooperative Society (SACCO) in Eldoret may finally see a path to justice after the County Government of Uasin Gishu pledged support for the cooperative’s revival and called for accountability over the alleged mismanagement of millions of shillings belonging to members. Speaking during a consultative meeting…

NCPB releases 100,000 bags of subsidised fertiliser after farmer protests in North Rift

Sacco ReviewJune 9, 202604 mins

The National Cereals and Produce Board (NCPB) has announced the release of 100,000 bags of subsidised fertiliser following protests by farmers in the North Rift region over a severe shortage that disrupted top-dressing activities during a critical stage of maize production. The shortage, which affected several depots across the region, sparked demonstrations on June 3,…

CAK chair Malonza elected chairperson International Cooperative Alliance Africa

Sacco ReviewJune 9, 202604 mins

Kenya has reinforced its standing as a leading force in Africa’s cooperative movement following the election of Macloud Malonza as Chairperson of International Cooperative Alliance Africa(ICA-Africa). Malonza, who also serves as Chairman of Co-operative Bank Holdings and Chairman of the Co-operative Alliance of Kenya (CAK) secured a decisive victory during elections held by the Cooperative…

SASRA confirms appointment of David Sandagi as substantive CEO

Sacco ReviewJune 9, 202602 mins

The Sacco Societies Regulatory Authority (SASRA) has announced the appointment of David Sandagi as its substantive Chief Executive Officer (CEO) effective June 2026, following a decision by the Board after consultations with the Head of the Public Service and the Cabinet Secretary for Co-operatives and MSME Development. Sandagi has been serving in an acting capacity…

Foreign investors offload Ksh10bn worth of shares from NSE

Sacco ReviewJune 9, 2026June 9, 202602 mins

Over 6,000 foreign investors, both individuals and corporates listed on the Nairobi Securities Exchange(NSE), sold their shares worth Ksh 10 billion from the top five companies in Kenya by the end of April 2026. The top Kenyan companies, Safaricom Plc, Equity Group, KCB Group, EABL, and Cooperative Bank of Kenya, claim normal operation despite the…