National News – Page 5 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

IRA pitch camp in Western region for Bima Mashinani sensitization drive

Sacco ReviewMarch 26, 202605 mins

The Insurance Regulatory Authority (IRA) has pitched camp in Kakamega County for a four day interactive workshops to sensitise locals on its Bima Mashinani initiative. According to the Authority, Kakamega was chosen following minimal investment in insurance matter within the region. The organisers have planned to engage various stakeholders including the Media, March 24, Boda…

KUSCCO led by MD Arnold Munene at the National Treasury to advocate for the interests of SACCOs as part of the 2026 2027 National Budget preparations.

KUSCCO presents key recommendations for 2026/27 National Budget

Sacco ReviewMarch 26, 202603 mins

Kenya Union of Savings and Credit Cooperatives (KUSCCO) led by Group Managing Director Arnold Munene, has appeared before the National Treasury to advocate for the interests of the SACCO sector as part of the 2026/2027 National Budget preparations. In a significant move for Kenya’s SACCO movement, KUSCCO delivered submissions at the National Treasury Building in…

Senators order immediate stop of fishing activities in Lake Nakuru

Sacco ReviewMarch 26, 202604 mins

Senators have ordered an immediate halt to all fishing activities at Lake Nakuru following declaration that fish from the lake are unfit for human consumption and the allegations of forced disappearances involving young fishermen. The directive was issued on Tuesday by the Senate Committee on National Security, Defence and Foreign Relations, chaired by senator Fatuma…

Ports DT SACCO announces opportunity for an Internal Audit Officer

Sacco ReviewMarch 26, 202604 mins

Ports Deposit Taking Savings and Credit Cooperative Organization (DT SACCO) has announced an exciting opportunity for qualified professionals to join their team as an Internal Audit Officer. This critical role will play a key part in supporting the Sacco’s internal audit function, with responsibilities focused on evaluating internal controls, ensuring compliance, and strengthening operational efficiency….

Kagwe urges tea stakeholders to seek new markets amid global trade shocks

Sacco ReviewMarch 25, 202604 mins

The Cabinet Secretary for Agriculture and Livestock Development Mutahi Kagwe has called for urgent reforms in Kenya’s tea sector to help it withstand global economic shocks and secure the livelihoods of farmers. Speaking during a high level consultative meeting with KTDA Holdings Limited and the Tea Board of Kenya, the CS warned that external geopolitical…

Experts warn of major risks in Kenya’s SACCO sector, call for urgent reforms

Sacco ReviewMarch 25, 202608 mins

A high-level Committee of Experts has warned that serious governance, regulatory and structural weaknesses are threatening the stability of Kenya’s Savings and Credit Co-operatives (SACCOs) sector, calling for sweeping reforms to protect members’ savings and restore confidence in the cooperative movement. The concerns are contained in the Report on the Transformation of the SACCO System…

MPs raise concerns over governance issues in the Veterinary Board

Sacco ReviewMarch 24, 202603 mins

The Public Investments Committee on Social Services, Administration and Agriculture (PIC-SSAA) has raised concerns over financial and governance issues at the Kenya Veterinary Board following audit queries. The committee, chaired by Navakholo MP Emmanuel Wangwe, questioned how the Board constructed its headquarters on land without a title deed. KVB Chief Executive Officer Mary Theresa Agutu…

Why experts recommend deposit insurance to protect Sacco members billions

Sacco ReviewMarch 24, 2026012 mins

For millions of Kenyans, Savings and Credit Cooperative Organisations (SACCOs) are trusted financial lifelines workforce borrow loans and plan their futures. Loans from SACCOs usually have lower interest rates than banks, mobile lenders, or microfinance institution. According to the Sacco Societies Regulatory Authority (SASRA) gross loans across the industry increased to Ksh 948.31 billion in…

Equity Bank's Chief Executive Officer James Mwangi addresses investors at the Equity Bank headquarters recently. Photo/Courtesy

Equity Group enter Africa’s top 10 banks by brand value

Sacco ReviewMarch 24, 202602 mins

Equity Group Holdings has entered Africa’s top 10 banks by brand value, according to the 2026 Brand Finance report. The ranking, traditionally led by South African and Nigerian lenders like Standard Bank, First National Bank, Absa Group, Zenith Bank, and Guaranty Trust Holding Company, now includes the Kenyan lender among Africa’s elite. Equity posted a…

State seeks Ksh300M to pursue recovery of defaulted loans under Hustler Fund

Sacco ReviewMarch 24, 202603 mins

The State Department for Micro, Small and Medium Enterprises is seeking Ksh 300 million in a supplementary budget to pursue recovery of defaulted loans under the Hustler Fund, with Ksh12.5 billion still unpaid by borrowers. According to the department, the funds will primarily be used for awareness and sensitization campaigns aimed at encouraging defaulters to…