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

IG Sacco names Mary Awino acting CEO after Vuhya exit

Sacco ReviewAugust 14, 2026August 14, 202604 mins

Mary Awino appointed acting CEO of IG Sacco from August 2026. She previously served as Finance Manager, improving revenue, costs, liquidity and compliance Invest and Grow (IG) Sacco has appointed Mary Awino as acting Chief Executive Officer (CEO) with effect from August 2026, after Dr CPA Peter A. Vuhya proceeded on terminal leave pending his…

CMA grants Rubiani Capital new investment platform licence

Sacco ReviewAugust 13, 2026August 13, 202603 mins

CMA has licensed Rubiani Capital as an Intermediary Service Platform Provider to offer digital investment services. The platform connects users to regulated capital markets products while licensed institutions handle execution and asset custody. CMA urged investors to use only licensed and approved capital markets intermediaries. Capital Markets Authority (CMA) has granted an Intermediary Service Platform…

Gov’t hands Kapsara Tea Factory Sh44.6m to power modernisation

Sacco ReviewAugust 13, 202603 mins

Kapsara Tea Factory has received a Ksh44.6 million government grant to upgrade processing machinery. The investment aims to improve tea quality, efficiency and value addition for farmers. The grant is part of a wider government programme to modernise tea factories across Kenya. The government has presented a Ksh 44.6 million grant to Kapsara Tea Factory…

Macadamia earnings rise 73pc as output, acreage expand

Sacco ReviewAugust 13, 202605 mins

Kenya’s macadamia production value rose 73 per cent to Ksh8.6 billion in 2025. Output increased to 53,968 tonnes as macadamia acreage expanded by 849 hectares. Government is targeting India as a new export market to diversify Kenya’s macadamia trade Kenya’s macadamia industry recorded a sharp rise in the value of production last year, as higher…

NGEC urges youth to join cooperatives for capital access

Sacco ReviewAugust 13, 202606 mins

NGEC has urged greater youth participation in Kenya’s economy, with Saccos seen as a key source of savings and credit. Youth businesses still face limited capital, markets and procurement opportunities. The commission called for stronger implementation of youth empowerment programmes and policies. National Gender and Equality Commission (NGEC) has renewed calls for young Kenyans to…

Coffee prices rise to Sh45, 730 per bag at NCE auction

Sacco ReviewAugust 13, 202604 mins

Coffee farmers earned Ksh1.168 billion from 21,223 bags sold at the Nairobi Coffee Exchange, with prices averaging Ksh45,730 per bag. Karii factory recorded the highest Grade AA price at Ksh55,289 per bag, up from Ksh52,964 last week. Since October 1, 637,444 bags have been traded, earning farmers more than Ksh38.3 billion. Coffee farmers earned Ksh…

Palm oil project worth Sh15B set for Lamu County

Sacco ReviewAugust 12, 2026August 12, 202603 mins

Lamu is set to host a Ksh15 billion palm oil project backed by CPF Group and Witu Nyongoro Ranch. The project is expected to create jobs and business opportunities in production, processing, logistics and value addition. Palm trees are expected to mature within three to five years, supporting long term economic activity in the region….

Kenya to import one million bags of maize amid shortage

Sacco ReviewAugust 12, 202604 mins

Kenya faces a projected maize shortfall of 5.4 million bags by the end of September, prompting plans to import one million bags for strategic reserves. Drought in the North Rift is threatening maize production as crops dry up amid inadequate rainfall. The supply gap could push maize prices higher, with a 90 kilogramme bag currently…

Wavinya calls for dialogue with MCAs over budget stalemate

Sacco ReviewAugust 12, 202606 mins

Governor Wavinya Ndeti has called for dialogue with Machakos MCAs to resolve the stalemate over the 2026/27 county budget. The assembly has approved a vote on account allowing the county executive to withdraw 50 per cent of the budget as the impasse continues. Wavinya disputed claims over pending bills and budget allocations, saying Ksh4.6 billion…

ASK opens booking for Nairobi trade fair set for September

Sacco ReviewAugust 12, 202603 mins

ASK has opened bookings for the Nairobi International Trade Fair running from September 28 to October 4, 2026. The fair will be held at Jamhuri Park Showground under the theme of climate smart agriculture and trade. The Agricultural Society of Kenya (ASK) has opened booking for exhibition space at this year’s Nairobi International Trade Fair,…