Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The latest food security report by the global financier, World Bank paints a worrying picture for consumers especially to the developing nations. The lender estimates that domestic food price inflation remains stubbornly high in many parts of the world, signalling renewed pressure on both consumers and policymakers. The update shows the benchmark agricultural, export and…
Deputy President Kithure Kindiki has assured tea farmers that the government is rolling out comprehensive reforms aimed at ensuring they reap maximum benefits from their hard work. Speaking during a visit to Londiani in Kericho County, Kindiki revealed that Kenya’s tea industry posted impressive earnings of Ksh 215 billion in 2024, a significant increase from Ksh 138…
The County Government of Kajiado is set to launch a mass vaccination exercise on October 7, targeting Foot and Mouth Disease (FMD) and Peste des Petits Ruminants (PPR), which often strike during prolonged dry spells when animals are weakened by lack of pasture and water. The County has also urged local pastoralists to embrace livestock…
The Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya and Saccos Societies Regulatory Authority, SASRA have raised concern over growing exploitation of Kenya’s sacco sector by influential individuals securing massive unsecured loans by bypassing lending thresholds. CS Wycliffe Oparanya warned that prominent figures are infiltrating saccos with minimal savings yet leveraging their status to pressure officials…
As unemployment crisis in the country continue to impoverish millions of youth, a call has been made urging them to consider venturing into beekeeping as an alternative for employment. Stakeholders observe that high demand for bees’ products in the country creates a huge opportunity for youth. Statistics indicate that the country requires about 100,000 tons…
Kenyan business owners operating in Tanzania can breathe a sigh of relief following reassurances from the Government of the United Republic of Tanzania that their enterprises will not be affected by a controversial new business order. The assurance follows high-level bilateral consultations between Kenya and Tanzania to address concerns raised by Nairobi regarding the Business…
Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has defended the four per cent Sugar Development Levy, arguing it is necessary to sustain industry growth, fund research, and cushion the sector against cane shortages. This is despite pushback from millers who argue that the levy will increase their financial burden, with some calling for a…
The National Assembly’s Public Petitions Committee has questioned the Sacco Societies Regulatory Authority (SASRA) Acting CEO David Sandagi over the allegations of financial mismanagement and ownership disputes at Nandi Teachers Sacco. This comes after the Nandi Hills MP Bernard Kitur filed a petition which raised concerns about how the Sacco handled members’ funds and the…
Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…
Tea farmers affiliated with Boito Tea Factory in Konoin Sub-County in Bomet County are set to hold a peaceful meeting on October 4 at Boito Market Grounds to discuss the recent release of tea bonus payments, which they claim are unjustifiably low. In an official notice addressed to the Officer Commanding Station (OCS) at Konoin…
