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

Govt to settle Ksh1.9 Billion in salary arrears for sugar workers

Sacco ReviewJanuary 14, 202603 mins

The government has committed to clearing Ksh 1.9 billion in salary arrears owed to workers of four former state-owned sugar mills, following their privatization and leasing to private investors. Agriculture Principal Secretary Kiprono Ronoh confirmed that the arrears have been fully audited and allocated for in the national budget, ensuring that payments to the affected…

US tariffs threat risk Kenya- Iran tea trade

Sacco ReviewJanuary 13, 202604 mins

Kenya- Iran tea trade has been shaken following the US President Donald Trump’s threat to slap a 25 per cent tariff on any country trading with Iran. The country is set lose more as Tehran has been a prolific tea importer and a strategic security partner of Washington, in an awkward bind. “Effective immediately, any…

President Ruto launches Ksh173.2 Million NYOTA start-up capital for young entrepreneurs

Sacco ReviewJanuary 12, 202602 mins

President William Ruto has launched the disbursement of Ksh173.2 million in business start-up capital under the NYOTA programme, aimed at supporting young entrepreneurs in the country. The funds will benefit 6,982 youth from Nyeri, Murang’a, Nyandarua, and Kirinyaga counties. The launch event took place at the Kabiru-ini ASK Grounds in Nyeri. The NYOTA initiative targets…

Stima Sacco celebrates excellence with dual prestigious awards

Sacco ReviewJanuary 11, 2026January 12, 202603 mins

Stima Sacco has recently been honored with two major awards recognizing its impact, innovation and leadership in the financial sector. At the Africa Renewable Energy Awards, the Sacco received the Financial Leadership & Inclusion Award. This recognition highlights the Sacco’s commitment to delivering inclusive financial solutions that support Africa’s renewable energy ecosystem. Through these initiatives,…

Kenya’s cooperatives to witness historic SACCO Expo debut

Sacco ReviewJanuary 11, 202608 mins

The cooperative movements are poised to witness the first ever SACCO Expo, a landmark event designed to catalyze growth, innovation, and collaboration within the Savings and Credit Cooperative Organizations (SACCOs) ecosystem. Scheduled for January 29-30, 2026, at the Sarit Expo Centre in Nairobi, this two-day exposition represents a strategic opportunity for stakeholders to align with…

SASRA sets March 15 deadline for SACCOS to submit audited accounts

Sacco ReviewJanuary 10, 202603 mins

The government, through the Sacco Societies Regulatory Authority (SASRA), has directed all Savings and Credit Cooperative Organisations (SACCOs) to submit their audited financial statements by March 15, 2026, as part of regulatory compliance measures. In a notice issued on January 9, SASRA said the submission window will run from January 1 to March 15, 2026,…

The Governor of the Central Bank of Kenya-Dr. Kamau Thugge-Photo|Courtesy

Banks and SACCOs push Treasury to ease PAYE, raise tax‑free threshold to KSh40,000

Sacco ReviewJanuary 10, 202604 mins

Commercial banks and savings and credit cooperatives (SACCOs) have urged the National Treasury to ease payroll taxes to shore up workers’ disposable income, citing rising deductions and persistent inflation that have eroded real wages. In separate submissions, the Kenya Bankers Association (KBA) and the Kenya Union of Savings and Credit Cooperatives (KUSCCO) called for reforms…

Co-operatives cautioned against investing members’ funds in unregulated firms

Sacco ReviewJanuary 9, 202603 mins

Co-operative societies have been warned against placing members’ savings in unregulated institutions, with the government saying the practice violates the law and exposes depositors to serious financial risk. The Commissioner for Co-operative Development, David Obonyo, said some societies are ignoring statutory safeguards by investing funds in entities that fall outside the country’s regulatory framework. In…

Coffee market bounces back, nets Ksh 1.5B after December break

Sacco ReviewJanuary 8, 202602 mins

The Coffee market at the Nairobi Coffee Exchange (NCE) has resumed its weekly auction following the December break, netting Ksh1.5 billion from the sale of 24,890 bags sourced from estates and cooperative societies. This follows a strong performance between October and December 16, where the auction generated Ksh 9.3 billion from 150,008 bags. In the…

Firms in Kenya Pipeline IPO set to pocket over Ksh200 Million in consultancy fees

Sacco ReviewJanuary 8, 2026January 9, 202604 mins

Firms involved in the planned Kenya Pipeline Company (KPC) Initial Public Offering (IPO) are expected to earn more than Ksh200 million in consultancy fees as preparations for the listing at the Nairobi Securities Exchange (NSE) gains momentum. According to official disclosures, the IPO process has attracted a consortium of investment banks, legal firms, registrars, and…