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

NSSF declares Ksh715 billion assets, urges workers to save against old‑age poverty

Sacco ReviewJune 9, 202604 mins

The National Social Security Fund (NSSF) has announced unaudited assets worth Ksh715 billion as of March 30, 2026, attributing the growth to increased trust and collaboration among Kenyan employees in securing their retirement plans. In a statement released on its official X (formerly Twitter) account, the Fund said the expansion reflects confidence from both formal…

FAO, ICLEI to hold urban food systems workshop in Nairobi

Sacco ReviewJune 9, 202602 mins

The Food and Agriculture Organization (FAO) and Local Governments for Sustainability (ICLEI) are set to host an all-day workshop in Nairobi focused on designing nutrition-sensitive investment strategies for wholesale food markets. Kicking off on Wednesday, June 10, at 8:00 a.m. at the Argyle Grand Hotel, the event will gather city and county officials from Nairobi,…

Uasin Gishu County moves to revive Kenknit SACCO as members seek justice over lost millions

Sacco ReviewJune 9, 202604 mins

Hundreds of members of the collapsed Kenknit Savings and Credit Cooperative Society (SACCO) in Eldoret may finally see a path to justice after the County Government of Uasin Gishu pledged support for the cooperative’s revival and called for accountability over the alleged mismanagement of millions of shillings belonging to members. Speaking during a consultative meeting…

Tea industry in turmoil as levy triggers market collapse and unsold stock

Sacco ReviewJune 9, 202604 mins

Panic has gripped Kenya’s tea sector following the implementation of a Sh2.28 per kilogram levy at the Mombasa Tea Auction, with farmers and factories warning of reduced bonuses and mounting unsold stock. Producers in the Mt Kenya region say the levy has disrupted the market, forcing buyers to shift to cheaper alternatives from Burundi, Rwanda,…

Ksh1,000 note dominates currency circulation, driving 80% of cash in Kenya

Sacco ReviewJune 8, 202603 mins

Kenya’s Ksh1,000 note has surged to dominate the country’s cash economy, accounting for nearly 80 percent of all notes in circulation, according to new data from the Central Bank of Kenya (CBK). The CBK report shows that total notes in circulation rose by 7 percent, climbing from Ksh 360.46 billion in 2025 to Ksh 388.41…

CS Kagwe calls for global ban on hazardous agricultural chemicals

Sacco ReviewJune 8, 202604 mins

Cabinet Secretary for Agriculture and Livestock Development, Mutahi Kagwe, has called for international action to eliminate hazardous agricultural chemicals, urging that substances deemed unsafe in some countries should not be allowed in markets with weaker regulations. Speaking at the opening of the 2026 World Farmers’ Organisation (WFO) General Assembly in Nairobi, Kagwe emphasized that farmers…

World Farmers Organization Annual Meeting 2026 Kicks Off in Nairobi

Sacco ReviewJune 8, 202603 mins

The World Farmers Organization (WFO) Annual Meeting 2026 officially opened today in Nairobi, with Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe and WFO President Arnold Puech d’Alissac presiding over the inauguration ceremony. The forum provides a critical platform for Kenya to engage with global agricultural leaders, exchange knowledge, and strengthen collaboration on pressing issues…

Macadamia farmers reject push to join Cooperatives, cite past losses and falling prices

Sacco ReviewJune 7, 202604 mins

A section of macadamia farmers and traders under the Nuts Traders Association of Kenya (NUTAK) has opposed a government proposal requiring farmers to join cooperative societies, warning that the move could expose growers to financial risks reminiscent of past failures. Speaking during a meeting in Sagana that brought together traders and farmers from seven counties…

Co-operative leaders chart new governance agenda at Mombasa meeting

Sacco ReviewJune 6, 202603 mins

The Co-operative Alliance of Kenya (CAK) has concluded a high‑level meeting of chairpersons and vice‑chairpersons of co-operatives and SACCOs in Mombasa, setting a new agenda for governance, unity and sector transformation. The gathering brought together leaders from across the country to deliberate on strengthening accountability and aligning operations with emerging regulatory frameworks, including the New…

Saccos join private sector in opposing KRA’s expanded powers under Finance Bill 2026

Sacco ReviewJune 6, 202604 mins

Savings and credit cooperative Societies (Saccos) have become the latest institutions to oppose proposals in the Finance Bill 2026 that would allow the Kenya Revenue Authority (KRA) to freeze bank accounts and recover funds even while tax disputes remain unresolved. The Kenya Union of Savings and Credit Cooperatives (Kuscco) told the National Assembly’s Finance and…