Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Deputy President Prof. Kithure Kindiki has announced that the government is committed to work with boda boda operators in a bid to reform and empower the sector. Addressing the operators from Meru County at his Irunduni home in Tharaka Nithi County on Tuesday, the DP at the same time cautioned them against reckless behavior and…
A move by commercial banks to cut their lending rates after intense pressure from monetary authorities is attracting the attention of many financial services users. Do these latest cuts in the price of bank loans pose any threat to SACCOs, considered serious players in the lending business and Kenya’s financial sector? “This trend to lower…
Ms. Ndegwa, in an interview with SACCO Review, said that the use of credit scoring as an assessment tool when considering whether to give a loan product to a SACCO member is already happening, particularly where SACCOs are offering mobile loans. “Members apply for mobile loans on online platforms using the mobile app and the…
Afya Co-operative Savings and Credit Society Limited has convened a Virtual Delegates Meeting on September 22, 2025, as pressure mounts over a KSh550 million scandal that has rocked the country’s 60 year-old Sacco. The meeting notice, signed by Honorary Secretary A. Maweu, outlines a tense agenda that includes adopting financial statements, approving the 2026 budget,…
Machakos County Finance Executive Member Onesmus Kuyu has refuted claims that Matatu Sacco members have been collecting revenue for onward transmission to the County Treasury contrary to regulations. The claims were made by Mua Ward MCA Mr. Francis Ngunga while contributing to a motion on the floor of the County Assembly on Tuesday. Mr. Kuyu,…
Tea sector has received new leadership as James Omwemo Ombasa elected as the new Vice Chairman of the Kenya Tea Development Agency Holdings Limited (KTDA) In the election, held on Thursday, August 28, 2025, at Enashipai Resort & Spa, Ombasa was officially certified by Returning Officer. As a dedicated tea grower, Ombasa’s victory signals strong…
Central Bank of Kenya (CBK) Governor Kamau Thugge has announced that in the next three months, commercial banks are expected to have transitioned to the new risk-based pricing models with new loans expected to be priced using the new framework beginning December 1, 2025. The model pegged on the Kenya Shilling Overnight Interbank Average (KESONIA),…
Belgium has over taken the US as the main export market for Kenya’s coffee in the 2023/24 crop season, tipping investors on the opportunities in the European country, which is currently registering a steady growth in consumption of the beverage, driven by an expanding specialty product. New data shows that Belgium bought 8,275.79 tonnes of…
The state through the Ministry of Agriculture and Livestock Development is set to roll out an electronic voucher (e-voucher) system in counties for livestock vaccination, aiming to improve disease surveillance and livestock management. According to Livestock Development Principal Secretary Jonathan Mueke, security agencies will also leverage the system in the ongoing fight against cattle theft…
The Small and Medium-Sized Enterprises (SMEs) and Micro, Small and Medium-sized Enterprises (MSMEs) in the Coffee, service industry and Leather industries received training on the E-commercial skills and Non-Tariff Measures (NTMs) training courtesy of the partnership between the Kenya Private Sector Alliance(KEPSA) and the ITC’s EU-EAC MARKUP II Program. The training program which took place…
