Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Tesla will begin winding down production of its Cybertruck electric pickup around the middle of 2027 to create room for more production of its Cybercab driverless taxi, chief executive Elon Musk has said. Mr Musk announced the plan on X on Friday, November 6, 2026, saying the wind-down would take place at the company’s Gigafactory…
More than $750,000 in cryptocurrency has been seized from an account linked to a Kenyan national. The investigation has uncovered thousands of suspicious accounts within America’s student aid system. Kenyan agencies are working with US investigators as the international probe widens. The American investigation has moved beyond identifying suspects to targeting the financial infrastructure allegedly…
A cyberattack has disrupted operations at hundreds of supermarkets in France. Retailers are counting the cost of widespread refrigeration failures. Investigators are examining vulnerabilities in equipment used to preserve food supplies. More than 400 supermarkets in France were affected by a cyberattack that forced refrigeration systems to heat up to 50°C, destroying fresh and frozen…
ACCOSCA seeks stronger cooperative partnerships with Botswana Botswana officials held talks with ACCOSCA leaders in Nairobi The engagement targets financial inclusion and sustainable cooperative growth The African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) is seeking to deepen its partnership with Botswana as part of efforts to strengthen cooperative development and financial inclusion across…
East African farmers will access a Sh25.9bn climate finance fund. The programme targets 260,000 farmers and 500 rural businesses. Funds will support irrigation, livestock, storage, renewable energy and agro-processing. Smallholder farmers and rural businesses across East Africa are set to benefit from a new Sh25.9 billion climate finance mechanism, designed to help them invest in…
Regional trade body urges foreign traders to remain calm. CMSEO EA says the directive targets undocumented businesses, not lawful traders. Traders are urged to keep immigration and business documents in order. Nairobi’s small business scene has been on edge lately, and now a regional trade body wants to bring the temperature down. The Confederation of…
IFAD and Equity launch a US$200 million climate finance mechanism. ARCAFIM targets 260,000 farmers and 500 rural businesses. Women and youth will make up at least 80 percent of beneficiaries. The International Fund for Agricultural Development (IFAD) and Equity Group have launched the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM), a US$200 million (Ksh25.89 billion)…
AfDB awards a clean energy feasibility study contract for KTDA facilities. The six month study will assess viable renewable energy options. BDO India and EACREEE won the contract through competitive bidding. The African Development Bank (AfDB) has awarded a consultancy contract to BDO India Services Private Limited, working in consortium with the East Africa Centre…
Kenya backs AGOA extension to 2028 for continued US market access. Tea, coffee, flowers and nuts could benefit from tariff free exports. Government pushes value addition to boost agricultural export earnings. Kenya has welcomed a proposal to extend the African Growth and Opportunity Act (AGOA) to December 2028, saying the move would provide exporters with…
Nearly 50 cooperative finance professionals from 12 countries have graduated from ACCOSCA’s ADE Programme. The seven day training focused on stronger Sacco leadership, governance and financial inclusion. Applications for the 2027 ADE classes open on September 1, 2026. Nearly 50 cooperative finance professionals from 12 countries have completed the African Development Educators (ADE) Programme in…
