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Imarika Sacco assets hit Ksh16.1 billion as performance surpasses targets

Sacco ReviewApril 8, 2026May 7, 202605 mins

Imarika Sacco, one of Kenya’s fastest-growing cooperatives, has once again recorded strong financial performance, posting total assets of Ksh16.1 billion in the year ended 31st December 2025. The Sacco also reported increased member deposits, which rose to Ksh10.5 billion against a target of Ksh10.6 billion falling short by Ksh100 million. In contrast, loans and advances…

Report: Mobile money loans surge in Kenya amidst growing financial inclusion

Sacco ReviewApril 7, 202606 mins

A new report by the Global System for Mobile Communications Association (GSMA) has highlighted a significant shift in Kenya and Sub-Saharan Africa, where mobile money has become the preferred source of borrowing for many adults. GSMA’s State of Industry report indicates that the region is driving a major expansion of mobile money accounts, which now…

Kenya tea earns Ksh218.78B in 2025 exports as market, volumes grow amid global disruptions

Sacco ReviewApril 5, 2026April 5, 202604 mins

Kenya’s tea industry has recorded a strong recovery, posting Ksh 218.79Billion in total marketed value in 2025, driven by reforms, market expansion, and a renewed focus on higher farmer earnings and global competitiveness. Speaking at Rukuriri Tea Factory in Embu County during the release of the 2025 Tea Industry Performance Report, the Agriculture Cabinet Secretary…

KRA launches innovative WhatsApp filing solution to simplify tax compliance

Sacco ReviewApril 5, 202604 mins

The Kenya Revenue Authority (KRA) has officially launched a new WhatsApp filing solution, marking a significant milestone in the Authority’s journey toward digital transformation and customer-focused tax reforms. Speaking during a press briefing, KRA Commissioner General Humphrey Wattanga emphasized the Authority’s commitment to providing simplified, efficient, and inclusive tax solutions that drive domestic revenue growth….

Tourism stakeholders ask Govt to harmonize multiple licenses hurting businesses

Sacco ReviewApril 3, 202603 mins

The Domestic Tourism Association (DTA) has called on both the National and County Governments to consider consolidating and harmonizing all licenses and regulatory requirements within the hospitality and tourism sector. Kisii Branch Coordinator Moses Okemwa said that currently the industry players are burdened by multiple licensing processes across different government agencies at both levels; often…

Government launches crackdown on Sacco boards over misuse of members’ savings

Sacco ReviewApril 2, 202604 mins

The government has announced a sweeping crackdown on Sacco boards accused of misusing members’ deposits through lavish foreign trips, manipulation of financial statements, and unsustainable borrowing practices. Cooperatives Principal Secretary Patrick Kilemi, speaking during the Harambee Sacco Annual Delegates Meeting (ADM) in Nairobi, revealed that legislative and policy reforms are already before the ministry and…

SASRA orders SACCOs to bolster cyber-security ahead of holiday attack risks

Sacco ReviewApril 2, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has directed all regulated SACCOs to institute round‑the‑clock surveillance and mandatory offline data back‑ups of their digital platforms, warning of heightened cyber‑attack risks during the upcoming Easter and Labour Day holidays. According to SASRA, analysis of past incidents shows cyber‑attacks peak during long weekends and public holidays, particularly in…

Livestock sector set for transformation as Kagwe unveils new KVB Board

Sacco ReviewApril 2, 202606 mins

Kenya’s livestock sector is set for a significant transformation after the inauguration of a new Board at the Kenya Veterinary Board (KVB), in a ceremony that underscored the sector’s central role in economic growth, public health and global trade. The event, presided over by Agriculture Cabinet Secretary Mutahi Kagwe, signaled a bold shift toward a…

TAC, Norwegian agency partner to empower youth in fish farming in bid to reduce country’s deficit

Sacco ReviewApril 1, 2026April 1, 202607 mins

The Aquaculture consortium (TAC) in Kenya in conjunction with the Norwegian Agency for Cooperation (NORAD) has launched youth-led initiatives in the aquaculture sector aimed at bridging Kenya’s 450,000 metric tons fish annual deficit. Speaking during the launch in Kisumu, TAC CEO, Felix Osok, said the Young-fish-and-the-Girls in aquaculture initiatives will not only attract but also…

Controller of Budget warns Kenya risks sinking deeper into a debt trap

Sacco ReviewMarch 31, 2026March 31, 202604 mins

The Controller of Budget (CoB), Dr. Margaret Nyakang’o, has warned that the Kenya risks falling deeper into a debt trap due to expensive borrowing and poor project coordination. Speaking before the National Assembly’s Committee on Public Debt and Privatization, chaired by Mbalambala MP Shurie Omar, Dr. Nyakang’o painted a bleak picture of the nation’s finances,…