Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Coffee growers earned a combined USD 6.05 million in Sale 38 at the Nairobi Coffee Exchange. AB dominated volumes, while AA fetched the highest average price among major grades. New KPCU led marketing agents, handling nearly a third of the coffee sold. Kenyan coffee growers pocketed a combined USD 6.05 million after Sale 38 of…
George Kamal resigns after just over eight months as Kenya Airways acting CEO. His exit comes as the airline battles mounting financial pressure. A new acting CEO will steer the carrier as it searches for a permanent replacement. Kenya Airways Acting Group Managing Director and Chief Executive Officer Capt. George Kamal has resigned, ending a…
Milk deliveries fall again, raising supply concerns. Dry weather hits pasture and milk production. KDB expects relief with the October to December rains. Formal milk deliveries to processors dropped 3.7 per cent between June and July 2026, the Kenya Dairy Board (KDB) has confirmed, as it moves to reassure consumers that current shortages are temporary…
Milk brands are disappearing from shelves as shortages push prices higher. Falling formal milk intake is putting pressure on supplies and farmers. COFEK wants urgent government action to stabilise production and prices. Popular milk brands have grown scarce on supermarket shelves across Kenya as an intensifying shortage pushes prices higher, the Consumers Federation of Kenya…
KAWU has called off its airport strike after reaching a deal with the government. Workers will resume duties as negotiations on pay and a CBA begin. The strike had disrupted operations at major Kenyan airports. Aviation workers under the Kenya Aviation Workers’ Union (KAWU) called off their strike on Tuesday after reaching a return-to-work agreement…
Government suppliers must now meet eTIMS requirements before seeking payment. KRA will electronically validate supplier invoices submitted through IFMIS. The integration aims to improve tax compliance and transparency in government payments. Government suppliers in Kenya will now have to ensure their invoices meet Kenya Revenue Authority (KRA) eTIMS requirements before they can be submitted for…
KUSCCO shareholders have approved the union’s dissolution as debts far outweigh its assets. Members have backed a new umbrella body, KEFESCO, focused on advocacy, training, research and consultancy. A creditor has moved to court to challenge the transition, putting the new federation’s future in question. Shareholders of the Kenya Union of Savings and Credit Cooperatives…
KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…
Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…
KUSCCO has spent the week training SACCO leaders on budgeting, liquidity management and cost control, while Supervisory Committee members have been sharpening their oversight skills. The combination is telling: financial performance is not just about raising more money. It is also about how SACCOs plan, control costs, manage liquidity and keep management accountable. READ MORE: …
