Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Mwananchi Credit has dismissed claims that it is facing financial difficulties or delaying staff salaries, asserting that the microfinance lender remains stable and on a growth path. In a statement from senior management, the company said all employee salaries have been settled in full and described reports to the contrary as misleading. “The truth is…
Kenya is set to benefit from significant trade opportunities with China after the Asian nation agreed to negotiations allowing Kenyan goods to enter its market without tariffs. The development comes as U.S. imposed trade barriers continue to affect local exports. Trade Cabinet Secretary Lee Kinyanjui announced on Thursday that, following recent bilateral trade talks with…
The Institute of Certified Public Accountants of Kenya (ICPAK) has submitted its views to Parliament on the proposed partial divestiture of the government’s stake in Safaricom PLC, outlining both the strengths and weaknesses of the plan and drawing comparisons with international practices, including India. In its submission, ICPAK noted that the proposed divestiture could provide…
The Kakamega based Invest and Grow, IG SACCO has rolled out 2026 Members’ Education Program, a financial literacy initiative targeting members across four branches in Western Kenya. According to a notice issued by the Sacco, the program will take place on Saturday, January 17, beginning at 10 a.m, with parallel sessions scheduled in Matete, Mumias,…
The United States House of Representatives has passed a Bill to extend the African Growth and Opportunity Act (AGOA) for a further three years, marking a significant milestone in U.S. Africa trade relations and providing renewed certainty for key export sectors in Kenya. In Kenya, the textile and apparel industries operating within Export Processing Zones…
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…
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 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 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,…
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…
