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SACCO usage rises from 9.6% in 2021 to 11.7% in 2024, FinAccess Surveys

Sacco ReviewNovember 24, 202506 mins

SACCO membership and usage in Kenya continue to grow, with the latest 2024 FinAccess Household Survey (SACCO Sub-Sector Report) showing an increase from 9.6 percent in 2021 to 11.7 percent in 2024. The growth is attributed to more households joining SACCOs that offered relatively affordable loans during the high-interest-rate period. The FinAccess Surveys also highlighted…

MP Wamuchomba warns of imminent collapse of Kenya’s tea sector

Sacco ReviewNovember 24, 202506 mins

Githunguri Member of Parliament, MP Gathoni Wamuchomba has raised alarming concerns over the state of Kenya’s tea sector, warning that it is on the brink of collapse unless urgent action is taken by the government. Wamuchomba, who has been an outspoken advocate for tea farmers, criticized the Kenya Tea Development Agency (KTDA), claiming it has…

CS Kagwe calls for intensified farmer sensitization on pest control to safeguard macadamia sector

Sacco ReviewNovember 24, 202506 mins

The Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has called for intensified farmer sensitization on pest control issued to safeguard Kenya’s macadamia sector. According to the Chairperson for Macadamia Association of Kenya, Jane Maigua, he has warned that harmful pesticides and aggressive pest attacks are destroying up to 40% of national production, an…

President Ruto commits to support KRA to achieve tax target

Sacco ReviewNovember 23, 202506 mins

President William Ruto has reaffirmed his government’s commitment to supporting the Kenya Revenue Authority (KRA) in achieving its taxation targets. The president said he would assist the tax body in its policies and resources needed to innovate, simplify processes, build public trust, and serve taxpayers more efficiently. Speaking during this year’s Taxpayers’ Day celebrations held at…

Court orders for fresh public participation on coffee regulation 2024

Sacco ReviewNovember 22, 202504 mins

The state has suffered a blow after the High Court ordered the coffee regulator to hold a public participation forum on the implementation of coffee exchange fees 2024 in six months. High Court Judge Edward Muriithi in a landmark ruling ordered the Capital Markets Authority (CMA) to hold fresh public participation forums in six months,…

What President William Ruto’s administration has done for agriculture sector

Sacco ReviewNovember 22, 202507 mins

President Dr William Samoei Ruto has laid out what his Kenya Kwanza administration has done for the Agriculture sector, the main turbine in the engine that is driving his ambitious 10-year Bottom Up Transformation Agenda blueprint. This is as the countdown for his momentous first term in office draws to a close. In his second…

Digital lenders overtake microfinance banks with ksh 76.8bn in June 2025

Sacco ReviewNovember 22, 202505 mins

The number of licensed Digital Credit Providers (DCPs) in Kenya rose to 126 as of July 2025, reflecting rapid growth in the digital lending sector following the implementation of stricter regulatory requirements by the Central Bank of Kenya (CBK). According to according to the Central Bank of Kenya’s Financial Sector Stability Report DCPs advanced KSh…

Jack Ranguma, SASRA Board Chairman. Photo/File

Joint Financial Regulators forum focus on stability amid rapid tech adoption

Sacco ReviewNovember 21, 202505 mins

The Joint Financial Sector Regulators Forum concluded its 16th Annual Board Retreat in Naivasha, centering its discussions on “Fostering Financial Stability and Resilience Amid Emerging Risks and Regulatory Reforms.” Held against the backdrop of rapid technological transformation in the financial industry, the retreat brought together key regulators to assess the evolving landscape shaped by innovations…

Afya SACCO delegates approve key resolutions on dividends, borrowing powers and audits during SDM

Sacco ReviewNovember 21, 202503 mins

The Afya Cooperative Savings and Credit Society Limited has announced a series of major resolutions following its Special Delegates Meeting (SDM) held on November 7, 2025. The meeting, chaired by Chief Executive Officer Lwanga Mbeche, addressed critical financial and governance matters affecting members and the society’s future operations. Delegates approved the non-payment of dividends on…

Global economic slowdown, rising trade tensions pose risks to financial stability, CBK Report

Sacco ReviewNovember 21, 202506 mins

The global economy is expected to slow in 2025, expanding between 2.8% and 3.0%, down from 3.3% in 2024, according to the Central Bank of Kenya’s Financial Sector Stability Report. The projected deceleration comes despite inflation returning to target levels, with the CBK citing escalating trade tensions, protectionist policies, and heightened policy uncertainty as key…