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

SASRA issues governance ultimatum to NWDT SACCOs

Sacco ReviewJune 11, 202608 mins

Kenya’s cooperative regulator has issued its starkest warning yet to non-withdrawable deposit-taking savings societies, telling their leadership that structural reform and professional governance are no longer optional as the sector steers towards a new legislative framework. The Sacco Societies Regulatory Authority (SASRA) convened its inaugural Regulatory Round Table for Non-Withdrawable Deposit-Taking (NWDT) SACCOs on April…

Insider loans emerge as new risk for co-operatives

Sacco ReviewJune 11, 202608 mins

Insider loans are emerging as a growing threat to the stability of co-operatives, with recent disclosures showing how senior officials in some savings societies have borrowed heavily against member funds and later defaulted, exposing governance gaps and weak credit risk controls. The concern is now gaining urgency across the sector as new audit findings and…

Housing Fund Board seeks stronger KRA powers to curb affordable housing levy defaulters

Sacco ReviewJune 11, 202604 mins

The Affordable Housing Fund Board has urged Parliament to grant the Kenya Revenue Authority (KRA) stronger enforcement powers to tackle evasion of the 1.5 per cent housing levy, warning that gaps in the current legal framework undermine compliance and limit revenue collection. Appearing before the National Assembly Departmental Committee on Finance and National Planning during…

Gov’t pushes tea value addition as legislative setbacks stall reform agenda

Sacco ReviewJune 10, 202604 mins

The government is intensifying efforts to shift the tea industry from bulk exports of raw produce to higher‑value processed and branded products, even as political and legislative hurdles threaten to slow the pace of reform. Speaking at the China‑Africa Forum on Agritech and Industrial Cooperation in Nairobi, Tea Board of Kenya (TBK) Chief Executive Officer…

CBK opens Ksh60 billion treasury bond sale with returns of up to 13.92% for long-term investors

Sacco ReviewJune 10, 202605 mins

The Central Bank of Kenya (CBK) has opened bidding for two reopened fixed-coupon Treasury bonds with a combined value of Ksh60 billion, offering Kenyans, including Sacco members and individual investors, an opportunity to earn stable long-term returns with a minimum investment of Ksh 50,000. The bonds, issued under prospectus numbers FXD1/2018/020 and FXD1/2021/025, carry coupon…

Kenya overtakes Egypt as Africa’s top milk producer, says PS Mueke

Sacco ReviewJune 10, 202603 mins

Kenya has surpassed Egypt to become the largest producer of milk in Africa, according to Principal Secretary for Livestock Production Jonathan Mueke. Speaking in an interview with NTV, Mueke revealed that Kenya’s milk output has risen from 4.6 billion litres to 5.4 billion litres, placing the country ahead of Egypt in continental rankings. “We always…

CBK holds lending rate at 8.75% to anchor inflation amid global price shocks

Sacco ReviewJune 10, 202604 mins

The Central Bank of Kenya (CBK) has retained the Central Bank Rate (CBR) at 8.75 percent for the second consecutive time, following its Monetary Policy Committee (MPC) meeting on June 9, 2026. The regulator said the move is aimed at anchoring inflation expectations in the face of rising global and domestic price pressures. Kenya’s inflation…

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…