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

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…

Tea industry in turmoil as levy triggers market collapse and unsold stock

Sacco ReviewJune 9, 202604 mins

Panic has gripped Kenya’s tea sector following the implementation of a Sh2.28 per kilogram levy at the Mombasa Tea Auction, with farmers and factories warning of reduced bonuses and mounting unsold stock. Producers in the Mt Kenya region say the levy has disrupted the market, forcing buyers to shift to cheaper alternatives from Burundi, Rwanda,…

Ksh1,000 note dominates currency circulation, driving 80% of cash in Kenya

Sacco ReviewJune 8, 202603 mins

Kenya’s Ksh1,000 note has surged to dominate the country’s cash economy, accounting for nearly 80 percent of all notes in circulation, according to new data from the Central Bank of Kenya (CBK). The CBK report shows that total notes in circulation rose by 7 percent, climbing from Ksh 360.46 billion in 2025 to Ksh 388.41…

CS Kagwe calls for global ban on hazardous agricultural chemicals

Sacco ReviewJune 8, 202604 mins

Cabinet Secretary for Agriculture and Livestock Development, Mutahi Kagwe, has called for international action to eliminate hazardous agricultural chemicals, urging that substances deemed unsafe in some countries should not be allowed in markets with weaker regulations. Speaking at the opening of the 2026 World Farmers’ Organisation (WFO) General Assembly in Nairobi, Kagwe emphasized that farmers…

Sudan ban triggers 69% collapse in Kenya’s tea exports as Pakistan strengthens market share

Sacco ReviewJune 8, 202603 mins

Kenya’s tea sector has suffered a sharp setback following Sudan’s trade ban, which led to a 69 percent collapse in exports during the first quarter of 2025, leaving the country at risk of losing 1.79 million kilograms of tea. The ban, triggered by the ongoing civil war in Sudan, has disrupted one of Kenya’s key…

World Farmers Organization Annual Meeting 2026 Kicks Off in Nairobi

Sacco ReviewJune 8, 202603 mins

The World Farmers Organization (WFO) Annual Meeting 2026 officially opened today in Nairobi, with Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe and WFO President Arnold Puech d’Alissac presiding over the inauguration ceremony. The forum provides a critical platform for Kenya to engage with global agricultural leaders, exchange knowledge, and strengthen collaboration on pressing issues…

Gov’t pushes for SACCO digital and governance overhaul as sector reform talks intensify

Sacco ReviewJune 8, 202603 mins

The Government has stepped up efforts to overhaul the Savings and Credit Cooperative (SACCO) sector, with a strong focus on digital transformation and improved governance as reform discussions gain momentum. This came up during a high-level stakeholder engagement convened by Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya, together with Principal Secretary Patrick Kilemi that…

Meru youth benefit as Shofco disburses Ksh30 million business loans

Sacco ReviewJune 8, 202605 mins

Hundreds of young entrepreneurs from Meru County have benefited from loans worth Ksh30 million disbursed by a non-governmental organisation through its SACCO arm. Governor Isaac Mutuma praised the initiatives, reaffirming the county government’s commitment to collaborating with non-governmental organisations that support youth empowerment. He made the remarks as young entrepreneurs in Meru County received loans…