Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
MPs are reviewing a Bill proposing an additional Ksh 72.26 billion for county governments in the 2026/27 financial year. The funding will support County Aggregation and Industrial Parks, drought resilience, agriculture, informal settlements and other development programmes. The National Assembly is expected to debate the Budget and Appropriations Committee’s report before deciding on the proposed…
Mwalimu National DT Sacco has launched its first sustainability report outlining its ESG progress and governance initiatives. The Sacco reduced its non performing loan ratio to 2.4 per cent, resolved 2,384 member complaints and planted 17,000 trees and mangrove seedlings. The report highlights the Sacco’s commitment to sustainability, transparency and long term growth. Mwalimu National…
Smallholder tea sales at the Mombasa Tea Auction fell to 128.6 million kg from 138.8 million kg a year earlier. Exporters blame the new Ksh 2.28 per kg tea levy for reducing demand from international buyers. TBK says the levy will fund tea price stabilisation, research and sector infrastructure. Smallholder tea factories sold 128,554,359kgs of…
Government rules out term limits for Sacco directors, saying leadership should remain a democratic choice for members. Ministry plans to expand SASRA oversight to regulate all Saccos, strengthen governance and deploy technology for closer financial monitoring. Proposed Sacco Societies (Amendment) Bill, 2025 creates an independent Deposit Guarantee Fund Board to protect members’ deposits and improve…
EBC warns Kenya’s Ksh 995.7 billion domestic borrowing plan could push banks towards government securities, tightening credit terms for small businesses. The brokerage says increased demand for government debt may lead to stricter collateral requirements, shorter repayment periods and reduced lending flexibility for MSMEs. Despite private sector credit growth, EBC cautions that smaller businesses may…
SMEs urged to embrace value addition for sustainable growth. Industry leaders cite Ksh3 trillion SME financing gap. Stronger value chains and market access seen as key. Industry leaders speaking at the Third Annual Small and Medium Enterprises (SME) Conference, Awards and Exhibition on July 23, 2026, encouraged SMEs to build value-added businesses, warning that the…
MPs questioned conflicting Brazil and South Africa sugar import documents. PS Juma Mukhwana promised to investigate the origin discrepancy. Lawmakers queried a new duty free sugar approval before the first shipment was fully accounted for. The government has come under fresh scrutiny over a 27,000 metric tonne consignment of duty-free raw sugar, after lawmakers uncovered…
Ruto launches government funded artisan certification programme. Skilled workers without certificates to receive free formal certification. Certified artisans to support Affordable Housing Programme jobs President William Ruto has unveiled a government funded artisan certification programme aimed at enabling skilled workers to obtain formal qualifications and secure employment opportunities under the Affordable Housing Programme. Speaking on…
Govt has launched nationwide inspections to enforce the new minimum wage, with Saccos among employers expected to comply. Labour officers will audit payrolls, contracts and wage records, while non compliant employers risk prosecution, fines and other legal penalties. Saccos have been urged to review salaries for roles such as cashiers, receptionists, clerks and storekeepers to…
National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…
