Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
CS Mutahi Kagwe has warned against counterfeit seeds, saying they threaten farmers and food security. He called for tougher laws and urged farmers to buy certified seeds from recognised suppliers. Kenya Seed Company says seed stocks remain adequate despite drought conditions. Cabinet Secretary for Agriculture and Livestock Development Mutahi Kagwe has issued a stern warning…
Meru farmers will receive six million seedlings, including five million avocado and one million cocoa seedlings. The programme aims to diversify farming, boost incomes and expand production of high value crops. Farmers will also receive extension services and training to support crop management and value addition. Meru farmers are set to receive new planting materials…
KDC has launched a green financing strategy, placing co-operatives and Saccos at the centre of climate finance. KDC plans to establish a dedicated green fund offering debt and equity to sustainable businesses. Its SAFER project has financed 41,741 MSMEs through 11 financial institutions, mainly Saccos. Kenya Development Corporation (KDC) has launched a new Sustainability and…
Kenyan fashion SMEs have been urged to partner with Chinese firms to access global markets, technology and new business opportunities. Nearly 120 companies, including about 100 Chinese and 20 Kenyan firms, participated in the East Africa (Kenya) Fashion Life Show. Buyer supplier matchmaking sessions connected Kenyan businesses with Chinese manufacturers, distributors and investors to promote…
KMRC will host the fifth Kenya Affordable Housing Conference from August 20 to 21 in Naivasha. The conference will focus on expanding affordable housing finance, especially for informal workers and Sacco members. Stakeholders will discuss blended finance, land reforms, green housing and technology in the housing sector. The Kenya Mortgage Refinance Company (KMRC) will convene…
KRA will intensify enforcement against Affordable Housing Levy defaulters, including freezing bank accounts and deactivating tax PINs. Defaulters face a 3 per cent monthly penalty on unpaid levy amounts. KRA is deploying 1,406 revenue service assistants to boost compliance, especially among informal businesses. Kenyans who fail to remit the Affordable Housing Levy risk having their…
Tea and coffee auctions earned farmers Ksh2 billion, up from Ksh1.816 billion. Tea sales earned Ksh890.4 million, while coffee fetched Ksh1.168 billion. Improved tea prices attracted strong buyer interest. Two agriculture markets generated Ksh 2 billion at the weekly auctions that attracted local and international buyers, compared to Ksh 1.816 billion of the previous week,…
PCPB warns agrovets against selling illegal, counterfeit or unregistered pesticides. 51 cases are under investigation, with four convictions recorded last financial year. Illegal pesticides pose risks to people, livestock, wildlife and the environment. Agrovet operators found selling unregistered, counterfeit or prohibited pesticides risk arrest and prosecution, the Pest Control Products Board (PCPB) has warned. The…
High Court suspends Treasury approval requirement for banks seeking to raise loan interest rates. Order follows a legal challenge by the Kenya Bankers Association over Section 44 of the Banking Act. Borrowers are not automatically facing higher rates, but customers with variable rate loans should monitor lender communications. Thousands of Kenyan borrowers face fresh uncertainty…
Saccos are turning to young people to address an ageing membership base, with youth demanding faster, mobile driven financial services. Officials are urging Saccos to offer youth friendly products, digital services, financial education and clear pathways into leadership. Experts say mentorship, transparency and support for youth enterprises are key to making young people feel included…
