Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya’s High Court has ruled that agreements reached through WhatsApp messages, SMS and phone calls can be legally binding, reaffirming that the substance of an agreement and the conduct of the parties take precedence over formal paperwork. The ruling arose from a dispute in which the court upheld a Ksh145, 000 judgment based on an…
Apstar Sacco Society Limited, formerly Ukulima Sacco, has announced the sale of a prime 35-acre land parcel in the rapidly developing Lukenya area, just one kilometre from Daystar University. The land, located within Lukenya/Mavoko Municipality (Plot 343/5), comes with a ready title deed under leasehold tenure. According to the Sacco, the property is suitable for…
The government has sought to allay fears among low-income and small cooperative societies, assuring them that proposed mergers with larger Savings and Credit Cooperative Organisations (SACCOs) will not threaten their stability or members’ savings. Cooperatives Principal Secretary Patrick Kilemi said the reforms are intended to stabilise the SACCO sector, improve governance and enhance performance through…
The Kenya Revenue Authority (KRA) collected Ksh307.634 billion against a target of Ksh284.969 billion in December 2025, thereby surpassing the monthly revenue target with the collection representing a performance rate of 108.0 per cent and a growth of 29.3 per cent. Exchequer revenue amounted to Ksh284.265 billion against a target of Ksh261.758 billion, recording a…
Central Bank of Kenya (CBK) Governor Dr. Kamau Thugge has defended the government’s proposal to sell a 15 per cent stake in Safaricom PLC, describing it as an innovative financing option aimed at supporting infrastructure development without increasing public debt. Appearing before lawmakers, Dr. Thugge said the proposed divestiture would have a positive macroeconomic impact,…
The government has outlawed the use of tea farmers’ funds as collateral for bank loans, a move officials say will shield farmers from financial exposure and curb profiteering within factory management. The directive forms part of the reforms targeting the Kenya Tea Development Agency (KTDA), with Agriculture Principal Secretary Paul Ronoh saying the changes are…
Agriculture Cabinet Secretary and Senator Mutahi Kagwe has opposed proposals before the Kenyan Parliament and the East Africa Legislative Assembly (EALA) seeking to merge the regulation of human and veterinary medicines, warning that the move could undermine public health, food safety and livestock production. Speaking during a visit to the Veterinary Medicines Directorate (VMD), Kagwe…
The Kenya Tea Development Agency (KTDA) has announced the launch of a competitive, merit-based recruitment process to appoint a new Group Chief Executive Officer. According to the Agency, so far the process has attracted 50 applicants, of whom five are internal candidates drawn from KTDA’s senior leadership, including serving Managing Directors and General Managers. The…
The government has introduced a modern land registration system to simplify land transactions, secure ownership, and curb fraud. Under the Land Registration Act, 2012, the new framework replaces multiple outdated registration regimes with a standardized and digital process, consolidating fragmented land records into a unified system. The system introduces Certificates of Title and Certificates of…
A youth-focused organization has urged Parliament to ensure transparency and safeguard public interest in the proposed government divestiture of Safaricom shares. Represented by Nelly Chepkemoi, WeCare addressed a joint sitting of the Departmental Committee on Finance and National Planning and the Select Committee on Public Debt and Privatization, calling for independent, multi-firm valuation reports, public…
