Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Smallholder tea sales at the Mombasa Tea Auction fell to 128.6 million kg from 138.8 million kg a year earlier. Exporters blame the new Ksh 2.28 per kg tea levy for reducing demand from international buyers. TBK says the levy will fund tea price stabilisation, research and sector infrastructure. Smallholder tea factories sold 128,554,359kgs of…
Government rules out term limits for Sacco directors, saying leadership should remain a democratic choice for members. Ministry plans to expand SASRA oversight to regulate all Saccos, strengthen governance and deploy technology for closer financial monitoring. Proposed Sacco Societies (Amendment) Bill, 2025 creates an independent Deposit Guarantee Fund Board to protect members’ deposits and improve…
EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…
SMEs urged to embrace value addition for sustainable growth. Industry leaders cite Ksh3 trillion SME financing gap. Stronger value chains and market access seen as key. Industry leaders speaking at the Third Annual Small and Medium Enterprises (SME) Conference, Awards and Exhibition on July 23, 2026, encouraged SMEs to build value-added businesses, warning that the…
MPs questioned conflicting Brazil and South Africa sugar import documents. PS Juma Mukhwana promised to investigate the origin discrepancy. Lawmakers queried a new duty free sugar approval before the first shipment was fully accounted for. The government has come under fresh scrutiny over a 27,000 metric tonne consignment of duty-free raw sugar, after lawmakers uncovered…
Ruto launches government funded artisan certification programme. Skilled workers without certificates to receive free formal certification. Certified artisans to support Affordable Housing Programme jobs President William Ruto has unveiled a government funded artisan certification programme aimed at enabling skilled workers to obtain formal qualifications and secure employment opportunities under the Affordable Housing Programme. Speaking on…
Govt has launched nationwide inspections to enforce the new minimum wage, with Saccos among employers expected to comply. Labour officers will audit payrolls, contracts and wage records, while non compliant employers risk prosecution, fines and other legal penalties. Saccos have been urged to review salaries for roles such as cashiers, receptionists, clerks and storekeepers to…
National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…
KJET has opened applications for MSME clusters under cohorts 3 and 4, with submissions closing on 21 August 2026. Eligible cooperatives, associations and cluster based entities in 10 priority value chains will receive business development support, with some qualifying for co investment funding. The World Bank funded programme aims to boost MSME productivity, private sector…
Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…
