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EAC Affairs PS Dr. Caroline Karugu (centre) before National Assembly’s Departmental Committee on Finance and National Planning. Photo Courtesy.jpg

EAC affairs PS urges parliament to amend tax laws to align with EAC partner states

Sacco ReviewJune 11, 202606 mins

The State Department for East African Community (EAC) Affairs has urged the National Assembly to fast-track amendments to Kenya’s tax laws to align them with regional frameworks, warning that failure to do so could trigger retaliatory trade measures from neighbouring countries. Appearing before the National Assembly’s Departmental Committee on Finance and National Planning, Principal Secretary…

DCI arrest 3 suspects in connection with Ksh22.4 M SACCO fraud

Sacco ReviewJune 11, 202603 mins

Detectives from Directorate of Criminal Investigations (DCI) have arrested three individuals suspected of orchestrating a sophisticated fraud scheme that siphoned over Ksh22.4 million from a local savings and credit cooperative society (SACCO). Investigations revealed a complex network in which the suspects exploited the SACCO’s computerized financial systems to illegally transfer funds for personal gain. At…

CBK opens Ksh60 billion treasury bond sale with returns of up to 13.92% for long-term investors

Sacco ReviewJune 10, 202605 mins

The Central Bank of Kenya (CBK) has opened bidding for two reopened fixed-coupon Treasury bonds with a combined value of Ksh60 billion, offering Kenyans, including Sacco members and individual investors, an opportunity to earn stable long-term returns with a minimum investment of Ksh 50,000. The bonds, issued under prospectus numbers FXD1/2018/020 and FXD1/2021/025, carry coupon…

Sacco leaders push for unified Cooperative movement to strengthen governance and investor confidence

Sacco ReviewJune 10, 202604 mins

Leaders in the Savings and Credit Cooperative (Sacco) sector are seeking to establish a unified cooperative movement aimed at enhancing governance, strengthening advocacy, and influencing policy discussions on agriculture, housing, and consumer affairs to improve the country’s economic well-being. The proposed movement is expected to address persistent management and governance challenges that have contributed to…

CPA Samuel Ndung’u confirmed as NCPB CEO

Sacco ReviewJune 10, 202603 mins

The Board of Directors of the National Cereals and Produce Board (NCPB) has confirmed CPA Samuel Karogo Ndung’u as the organization’s substantive Chief Executive Officer (CEO). In a notice, the Board stated that Ndung’u’s appointment followed a competitive recruitment process that received concurrence from the parent ministry. Before his confirmation, he had been serving as…

Oparanya leads Shirikiana Sacco delegates training ahead of presidential launch

Sacco ReviewJune 10, 202604 mins

The Cabinet Secretary for Cooperatives and MSME Development Wycliffe Oparanya on Wednesday presided over a training session for delegates of Shirikiana Sacco at Masinde Muliro University of Science and Technology (MMUST), as preparations intensify for the Sacco’s official launch later this week. The training programme, held ahead of the Sacco’s launch by President William Ruto…

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,…

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…

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…