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

Relief for Kisii, Nyamira dairy farmers as gov’t delivers milk coolers in push to cut losses

Sacco ReviewMay 24, 202607 mins

Dairy farmers in Kisii and Nyamira counties have received a major boost after the government delivered four milk coolers, each with a capacity of 1,000 litres, to local cooperatives. The units, flagged off by Governor Paul Simba Arati, Livestock Principal Secretary Jonathan Mueke, and Broadcasting PS Stephen Isaboke, are expected to serve about 1,200 farmers…

Tower Sacco Supervisory Board Chairperson passes away after short illness

Sacco ReviewMay 23, 202602 mins

Tower Sacco fraternity has been thrown into mourning following the untimely death of Mr Peter Njenga Kuria, who served as the Supervisory Board Chairperson. According to information from reliable sources, Njenga died on Saturday morning after a short illness. His passing has been described as a major loss to the Sacco community, where he was…

Kenya’s financial sector urged to embrace AI and modern credit scoring to expand access to credit

Sacco ReviewMay 23, 202605 mins

Kenya’s financial institutions have been urged to adopt emerging technologies such as artificial intelligence (AI) and modern credit scoring systems to strengthen lending processes and widen access to credit as the country’s financial sector undergoes rapid transformation. The call was made during a financial sector engagement forum held in the North Rift region on May…

Gov’t to waive import duty on first 100,000 electric vehicles, Says President Ruto

Sacco ReviewMay 23, 202603 mins

President William Ruto has announced that the first 100,000 electric vehicles (EVs) imported into Kenya will be exempt from import duty as part of the government’s efforts to accelerate the country’s transition to clean energy transport and strengthen the economy. The President said the tax waiver will apply to both private and commercial electric vehicles,…

Hustler Fund faces KSh5 billion liquidity crunch as thousands of borrowers are locked out

Sacco ReviewMay 22, 202603 mins

Hustler Fund is grappling with a severe liquidity crisis that has left thousands of borrowers unable to access credit, raising fresh questions about the sustainability of the government’s financial inclusion programme. Appearing before the Parliamentary Committee on Trade, Industry and Investment, officials from the State Department for MSMEs disclosed that the fund requires an immediate…

Oparanya decries persistent underfunding, says ministry struggling to deliver mandate

Sacco ReviewMay 22, 202603 mins

Co‑operatives Cabinet Secretary Wycliffe Oparanya has raised alarm over what he termed persistent underfunding in his Ministry, warning that the financial strain is undermining its ability to deliver on its mandate. Appearing before the National Assembly Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 budget estimates, Oparanya said his office has…

Kagwe defends Tea Levy as strategic investment to safeguard Kenya’s global market

Sacco ReviewMay 22, 202604 mins

Agriculture Cabinet Secretary Mutahi Kagwe has defended the Tea Levy Regulations 2026, describing the measure as a strategic investment aimed at securing the long‑term competitiveness of Kenya’s tea industry. Speaking on Thursday, May 21, 2026, Kagwe said the levy is not intended to burden farmers or businesses but to ensure that proceeds from tea exports…

Bankers Association warns Finance Bill 2026 taxes could undermine digital payments

Sacco ReviewMay 22, 202604 mins

Kenya Bankers Association (KBA) has cautioned against new tax measures proposed in the Finance Bill 2026, warning that levies on card transactions and digital payment services could sharply raise the cost of financial services and drive more Kenyans away from formal cashless systems. Appearing before the National Assembly Departmental Committee on Finance and National Planning,…

SASRA urges SACCOs to strengthen oversight as digital financial services expand

Sacco ReviewMay 22, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has urged the Savings and Credit Cooperative Organizations (SACCOs) to strengthen oversight by reinforcing compliance, risk management, and regulatory reporting standards in the rapidly evolving digital financial services space. Speaking during a virtual sensitization forum bringing together more than 600 participants from regulated SACCOs, Acting Chief Executive Officer (CEO)…

AFA intensifies cotton revitalization to boost production in Embu

Sacco ReviewMay 22, 202604 mins

In a bid to increase cotton production and support thousands of cotton growing households, Agriculture and Food Authority (AFA) through Miraa, Pyrethrum, Fibre and other Industrial Crops Directorate (MPFID) has intensified revitalization of cotton production in all the cotton-growing counties in the country. Speaking during the Cotton and Pesticides Distribution Launch in Mbeere South, Embu…