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

Agritech Leads AI Applications in Kenya, Reveals Report

Sacco ReviewJuly 19, 202405 mins

The adoption of cutting-edge Artificial Intelligence (AI) technology in Kenya is primarily focused on the agricultural sector. This includes the integration of machine learning to provide local farmers with data-driven insights aimed at optimizing productivity, as indicated by a recent report. According to the Global System for Communications Association (GSMA)’s ‘AI for Africa’ report, agriculture…

President Ruto to preside over first Kisumu Livestock auction this month

Sacco ReviewJuly 19, 202404 mins

President William Ruto is expected to preside over a livestock auction at this year’s Agricultural Society of Kenya (ASK) Kisumu Regional Show, slated for July 24-28 at Mamboleo Showground. The auction, which is being held for the first time in Kisumu County, will be a key attraction at the regional show, which has attracted over…

Fertilizer imports decreased drastically this year, study shows

Sacco ReviewJuly 17, 202404 mins

The country’s fertilizer imports reduced by three- quarters ahead of this year’s main planting season with data from Kenya National Bureau of Statistics (KNBS) showing that approximately 143, 569.5 tonnes of chemical fertilizer were imported into the country during the first quarter of the year. The imports represented a 66.27 per cent decrease compared to…

Active Co-op members more optimistic and happier lot, study shows

Sacco ReviewJuly 12, 202407 mins

Active members of a cooperative are more likely to be assisted by their respective entities in case of any unforeseen challenges, a recent research study has shown. According to a Cooperative Resilience Longitudinal Study in Kenya, which was conducted for the last 5 years, about 82 per cent of cooperative members expressed certainty that if…

Saccos holding KSh91 million in unclaimed assets

Sacco ReviewJuly 12, 202408 mins

James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…

Fired Cooperatives CS Chelugui speaks out

Sacco ReviewJuly 12, 202403 mins

Cooperatives and MSME Development Cabinet Secretary Simon Chelugui has issued statement moments after being sacked. In a statement shared on X, Chelugui thanked President William Ruto for entrusting and giving him an opportunity to serve the people of Kenya under his administration. While quoting bible, Chelugui thanked Ruto and Kenyans and promised to support Ruto…

Senator wants private coffee millers audited to tame theft

Sacco ReviewJuly 11, 2024July 11, 202404 mins

Senate Deputy Speaker Kathuri Murungi has called on the government to audit all private coffee millers across the country following the increasing coffee theft cases. Speaking at Kariene in Central Imenti Constituency, Kathuri who is also the Meru Senator urged the ministry of agriculture to move with speed and collect data on source and volumes…

KCB responds to auditor queries on Hustler Fund

Sacco ReviewJuly 10, 2024July 11, 202406 mins

KCB Bank Kenya Limited has issued a response to the queries raised by the Office of Auditor General on Financial Inclusion Fund (Hustler Fund). Auditor General Dr Nancy Gathungu had issued a disclaimer opinion, citing inconsistencies in the management of the fund. Through a statement from the bank Managing Director Annastacia Kimtai , the financial…

KRA records 11.1 per cent growth in revenue collection, misses target

Sacco ReviewJuly 10, 202409 mins

Kenya Revenue Authority (KRA) has recorded an increase in revenue by 11.1 per cent in the Financial Year 2023/2024 up from 6.4 per cent in the previous financial year. The authority collected KSh2.407 trillion compared to KSh2.166 trillion in the previous financial year. KRA says the performance translates to a performance rate of 95.5 per…

No coin of Hustler Fund has been lost, CS Chelugui says

Sacco ReviewJuly 9, 202406 mins

Cabinet Secretary Ministry of Cooperatives and MSME Development Simon Chelugui has maintained that no money has been lost from Financial Hustler Fund. The CS who issued a press statement on Tuesday July 9 said the Ministry has all documentation in connecting with the loans issued through Hustler Fund. Auditor General Dr Nancy Gathungu had issued…