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

Govt pushes Ksh4.5 billion tea factories modernization to boost farmer earnings

Sacco ReviewMay 24, 2026011 mins

The government, through the Ministry of Agriculture and Livestock Development, is mobilizing Ksh4.5 billion to modernize tea processing and expand value-addition infrastructure in a move aimed at boosting farmers’ earnings, lowering production costs, and strengthening Kenya’s position in the global tea market. The upgrade programme, which targets aging factories and weak value addition capacity within…

Gov’t to waive import duty on first 100,000 electric vehicles, Says President Ruto

Sacco ReviewMay 23, 202603 mins

President William Ruto has announced that the first 100,000 electric vehicles (EVs) imported into Kenya will be exempt from import duty as part of the government’s efforts to accelerate the country’s transition to clean energy transport and strengthen the economy. The President said the tax waiver will apply to both private and commercial electric vehicles,…

Hustler Fund faces KSh5 billion liquidity crunch as thousands of borrowers are locked out

Sacco ReviewMay 22, 202603 mins

Hustler Fund is grappling with a severe liquidity crisis that has left thousands of borrowers unable to access credit, raising fresh questions about the sustainability of the government’s financial inclusion programme. Appearing before the Parliamentary Committee on Trade, Industry and Investment, officials from the State Department for MSMEs disclosed that the fund requires an immediate…

Oparanya decries persistent underfunding, says ministry struggling to deliver mandate

Sacco ReviewMay 22, 202603 mins

Co‑operatives Cabinet Secretary Wycliffe Oparanya has raised alarm over what he termed persistent underfunding in his Ministry, warning that the financial strain is undermining its ability to deliver on its mandate. Appearing before the National Assembly Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 budget estimates, Oparanya said his office has…

SASRA urges SACCOs to strengthen oversight as digital financial services expand

Sacco ReviewMay 22, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has urged the Savings and Credit Cooperative Organizations (SACCOs) to strengthen oversight by reinforcing compliance, risk management, and regulatory reporting standards in the rapidly evolving digital financial services space. Speaking during a virtual sensitization forum bringing together more than 600 participants from regulated SACCOs, Acting Chief Executive Officer (CEO)…

KEBS initiates public consultations on new regulations targeting substandard goods, faulty testing apparatus

Sacco ReviewMay 22, 202604 mins

The Kenya Bureau of Standards (KEBS) has initiated public consultations on a set of proposed regulations aimed at strengthening oversight in product certification, laboratory testing, and measurement systems. The draft proposals were unveiled during a stakeholder forum held in Meru, where participants raised concerns about the widespread circulation of substandard goods, inconsistent laboratory results, and…

Kagwe wants export of raw agricultural produce banned, pushes for value addition

Sacco ReviewMay 21, 202602 mins

The Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has called for sweeping laws to ban the export of raw agricultural produce and compel value addition before products leave Kenya, saying the move could unlock millions of jobs for young people. Speaking during the International Tea Day celebrations at Momul Tea Factory in Kericho,…

Manufacturers warn of rising consumer goods costs as fuel prices hit record highs

Sacco ReviewMay 19, 202606 mins

The Kenya Association of Manufacturers (KAM) has released a statement expressing concern over the sharp increase in fuel prices following the latest review by the Energy and Petroleum Regulatory Authority (EPRA). In its statement dated May 18, the association highlighted fuel prices at Ksh214.25 for Super Petrol, Ksh242.92 for Diesel, and Ksh152.78 for Kerosene. The…

A protester carrying empty jerry can during the ongoing matatu strike

EPRA cuts diesel prices by Ksh 10.06 as motorists strike enters second day

Sacco ReviewMay 19, 2026May 19, 202603 mins

The Energy and Petroleum Regulatory Authority (EPRA) has announced new fuel prices, reducing the retail price of diesel by Ksh 10.06 while increasing kerosene prices by Ksh 38.60. The announcement comes amid a nationwide strike by public transport operators that has left four people dead, 348 arrested, and 30 others injured. Despite EPRA’s announcement on…

Former CS Adan Mohamed appointed new KRA commissioner general

Sacco ReviewMay 19, 202604 mins

Former Industrialisation Cabinet Secretary (CS) Adan Abdulla Mohamed has been appointed as the new Commissioner General of the Kenya Revenue Authority (KRA) for a three‑year term, effective May 18, 2026. His appointment was confirmed in a special issue of the Kenya Gazette dated May 18, through a notice signed by Treasury Cabinet Secretary John Mbadi….