Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Co-operative Bank of Kenya has recorded an after-tax profit of Ksh14.1 billion for the first half of 2025, representing an 8.4 percent increase from Ksh13 billion posted during the same period last year. Profit before tax rose by 8.3 percent to Ksh19.7 billion, up from Ksh18.2 billion in the first half of 2024. The bank…
The High Court in Nairobi has temporarily stopped the government from privatizing the Kenya Pipeline Company (KPC). Justice Bahati Mwamuye issued the conservatory order on August 15, 2025, halting any sale, transfer, or disposal of KPC shares until a petition challenging the move is fully heard. “Pending the inter partes hearing and determination of the…
The delegates attending the 54th Commonwealth Parliamentary Association (CPA) Africa Region Conference in Banjul, Gambia have emphasized on the need for legislative action to mitigate against climate change as well as measures to accelerate the implementation of the African Continental Free Trade Area (AfCFTA). The calls were made during a session presided over by the…
The government has warned that Kenya could face a severe rice shortage and soaring prices if the courts uphold a petition seeking to block the importation of 500,000 metric tonnes of duty-free rice, This comes after the High Court temporarily halted the importation of rice on August 11 after farmers filed a petition arguing that…
Parliament has approved the Affordable Housing Programme new rules cutting the requirement deposit from 10 percent to 5 percent. This will enable more Kenyans hoping to own homes under the government’s Boma Yangu programme to pay much lower deposit. The National Assembly passed the Affordable Housing Regulations of 2025 on August 14, 2025 in a…
Deputy President Kithure Kindiki has reaffirmed that President William Ruto’s administration is delivering on its commitment to transform Kenya, with visible strides in economic growth and development across key sectors. Speaking at his Karen residence in a meeting with more than 3500 Baringo leaders, Kindiki assured Kenyans that peace, economic recovery, infrastructure, and healthcare reforms are firmly underway….
Meru Senator Kathuri Murungi has lauded President William Ruto for assenting to a landmark bill that grants fiscal and administrative independence to county assemblies across the country. The bill, authored by Senator Murungi, aims to empower the 47 county assemblies by providing them with direct access to funds, enabling them to carry out their oversight…
President William Ruto has disclosed that the government has transferred KSh4 trillion to counties in the last 12 years, fostering inclusivity through fair resource distribution and addressing marginalisation. Speaking on Wednesday during the official opening of the Devolution Conference 2025 running from 12th – 15th August 2025 in Homa Bay County, the president said the…
The government of Kenya and Iran have agreed to establish a joint committee tasked with eradicating trade obstacles within 60 days, paving the way for the lifting of the ban on Kenyan tea exports to Iran. The agreement was reached during the 7th Session of the Kenya-Iran Joint Commission for Cooperation (JCC) held in Nairobi…
The Meru County Government has approved its budget for the 2025/2026 financial year. Governor Isaac Mutuma assented to the Sh14.6 billion budget at his office on Monday. Mutuma noted that the health sector received the lion’s share, with Sh1.9 billion allocated for development and procurement of medical supplies. Roads were allocated Sh1.6 billion, water and irrigation…
