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

Gov’t to launch Good Quality Milk certification programme to protect milk exports, boost quality

Sacco ReviewOctober 5, 202504 mins

The government will soon launch a Good Quality Milk certification programme to set clear benchmarks for hygiene and safety, a programme which will also protect milk exports and boost quality. This was revealed by the Agriculture Cabinet Secretary, Mutahi Kagwe who added that farmers who deliver high-quality milk will earn premium payments, while those supplying…

World Bank cautions of rising global food prices as inflation chokes developing nations

Sacco ReviewOctober 4, 202504 mins

The latest food security report by the global financier, World Bank paints a worrying picture for consumers especially to the developing nations. The lender estimates that domestic food price inflation remains stubbornly high in many parts of the world, signalling renewed pressure on both consumers and policymakers. The update shows the benchmark agricultural, export and…

Government is rolling out reforms to boost tea earnings, DP Kindiki says

Sacco ReviewOctober 4, 202504 mins

Deputy President Kithure Kindiki has assured tea farmers that the government is rolling out comprehensive reforms aimed at ensuring they reap maximum benefits from their hard work. Speaking during a visit to Londiani in Kericho County, Kindiki revealed that Kenya’s tea industry posted impressive earnings of Ksh 215 billion in 2024, a significant increase from Ksh 138…

Sacco big borrowers using influence to seek unsecured loans, says Oparanya

Sacco ReviewOctober 3, 202503 mins

The Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya and Saccos Societies Regulatory Authority, SASRA have raised concern over growing exploitation of Kenya’s sacco sector by influential individuals securing massive unsecured loans by bypassing lending thresholds. CS Wycliffe Oparanya warned that prominent figures are infiltrating saccos with minimal savings yet leveraging their status to pressure officials…

Kenyan businesses secure assurance over Tanzanian business order

Sacco ReviewOctober 3, 202505 mins

Kenyan business owners operating in Tanzania can breathe a sigh of relief following reassurances from the Government of the United Republic of Tanzania that their enterprises will not be affected by a controversial new business order. The assurance follows high-level bilateral consultations between Kenya and Tanzania to address concerns raised by Nairobi regarding the Business…

MPs question SASRA over alleged financial mismanagement, ownership disputes at Nandi Teachers Sacco

Sacco ReviewOctober 3, 202504 mins

The National Assembly’s Public Petitions Committee has questioned the Sacco Societies Regulatory Authority (SASRA) Acting CEO David Sandagi over the allegations of financial mismanagement and ownership disputes at Nandi Teachers Sacco. This comes after the Nandi Hills MP Bernard Kitur filed a petition which raised concerns about how the Sacco handled members’ funds and the…

SACCOs overtake banks in affordable loans amid overstretched liquidity

Sacco ReviewOctober 3, 202504 mins

Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…

Kenya’s Cooperative sector reels from Ksh3.49 Billion remittance crisis

Sacco ReviewOctober 2, 2025October 2, 202505 mins

Kenya’s cooperative banking sector, a cornerstone of financial inclusion for millions, is grappling with a deepening liquidity crisis, according to the Sacco Societies Regulatory Authority (SASRA) 2024 Supervision Report, released recently by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya. The report has exposes a staggering Ksh3.49 billion in unpaid salary deductions owed to 85…

Kenyan MPs’ Sacco loan defaults hit Ksh939 Million mark

Sacco ReviewOctober 2, 202508 mins

In a stunning revelation that exposes the gaping chasm between Kenya’s political elite and the everyday struggles of ordinary citizens, Members of Parliament, MPs have emerged as the top defaulters in the country’s Savings and Credit Cooperative (Sacco) sector, racking up nearly Ksh1 billion in unpaid loans by the end of 2024. According to the…

SACCOs in Kenya report surge in transaction value

Sacco ReviewOctober 1, 202506 mins

Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…