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Vihiga County, CGA strike deal to boost agribusiness

Sacco ReviewApril 30, 2026April 30, 202604 mins

The Vihiga County Government and the Cereals Growers Association (CGA) on Wednesday inked a five-year memorandum of understanding deal, marking a significant step toward shifting the region’s agriculture from subsistence farming to a more commercial, business-driven model. The Cereals Growers Association, a national non-profit membership organization, works with farmers by providing access to critical information,…

Kenya moves to put its tea on the London Marathon table in multimillion dollar UK deal

Sacco ReviewApril 30, 202603 mins

The agriculture and livestock development Cabinet Secretary (CS) Mutahi Kagwe has held high level talks with a leading United Kingdom (UK) based tea distributor, exploring bold new ways to market Kenyan tea to the world, including serving it to athletes at the prestigious London Marathon. Kagwe met with Nadeem Ahmed, Chairman of Global Tea and…

Cotton farmers in Magarini urged to form SACCOs to improve livelihoods

Sacco ReviewApril 30, 2026April 30, 202603 mins

Cotton farmers in Magarini Sub-County, Kilifi County, have been urged to form Savings and Credit Cooperative Organizations (SACCOs) and invest strategically to improve their living standards. Speaking to Sacco Review in his office in Marafa Town, Magarini Sub-County Cooperative Officer, Edward Fondo, noted that many cotton farmers in the area have yet to form Saccos….

Former CEO of Eco Pillar SACCO arrested in connection with KSh 100 million fraud

Sacco ReviewApril 29, 2026April 30, 202603 mins

The former CEO of Eco Pillar SACCO, Linus Lokira, has been arrested in connection with a major financial fraud that allegedly resulted in a loss of over KSh 100 million to the institution. The suspect was taken into custody on April 26 by police in Kapenguria. OCS Evans Mose confirmed the arrest , stating that…

Sacco leaders reject proposed merger Bill, warn of job losses and threat to small institutions

Sacco ReviewApril 29, 202604 mins

A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…

Banking sector dominates NSE dividend season as sixteen listed firms line up billions for shareholders

Sacco ReviewApril 29, 202606 mins

Kenya’s banking industry is once again cementing its dominance as the engine of shareholder returns on the Nairobi Securities Exchange (NSE), with at least seven banks among sixteen listed companies that have declared or announced dividends in what is shaping up to be one of the busiest pay-out seasons of 2026. The declarations, compiled by…

Daima Sacco annual members’ education forum

Daima Sacco trains members on financial literacy

Sacco ReviewApril 29, 202603 mins

Daima Sacco Society Limited has intensified efforts to promote financial literacy among its members, with a strong focus on empowering young people to build secure financial futures. The recent annual members’ education session attracted significant engagement, with over 70 percent of participants drawn from the youth demographic. The session centered on practical approaches to saving…

When SACCOs lose their soul: Mismanagement, family control, no dividends, and the illusion of opulence

Sacco ReviewApril 28, 2026010 mins

SACCOs (Savings and Credit Cooperative Organisations) are founded on a simple promise—members pool savings, trust leadership, and share in financial growth through affordable credit and annual dividends. In their ideal form, SACCOs represent discipline, transparency, and collective progress. But when governance weakens, and accountability fades, that promise can slowly transform into mismanagement, inequality, and eventually…

Lamu West farmers, cooperatives get Ksh 12.4 million boost under FSRP inclusion grants

Sacco ReviewApril 28, 202603 mins

Farmers and cooperative societies in Lamu West Sub-county are set to transform their agricultural operations after the County Government of Lamu disbursed over Ksh 12.4 million in inclusion grants under the Food Systems Resilience Program (FSRP), marking a significant step toward strengthening food security in the region. Lamu Governor Issa Timam presided over the phase…

New KPCU, Nyamira County seal partnership to revitalize coffee farming

Sacco ReviewApril 28, 202604 mins

The New Kenya Planters Co-operative Union (New KPCU) and the County Government of Nyamira have sealed a new partnership to breathe fresh life into coffee farming in Nyamira County, signaling renewed efforts to restore the crop as a cornerstone of the local economy. The agreement, formalized through a Memorandum of Understanding (MOU) signed on Tuesday,…