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

Kenya losing billions to raw export loopholes, says CS Kagwe

Sacco ReviewJuly 1, 202605 mins

Agriculture Cabinet Secretary Mutahi Kagwe has said Kenya continues to lose billions of shillings in potential revenue by exporting raw agricultural produce instead of value-added products, leaving foreign countries to earn the highest returns through processing, packaging, and branding. Speaking on Wednesday, July 1, during the World Food Prize Foundation Dialogue Next Forum, Kagwe criticised…

Biashara DT Sacco mourns the passing of Supervisory Committee Chairman Patrick Wanjohi Maina

Sacco ReviewJuly 1, 202603 mins

Biashara DT Sacco Ltd has announced the death of Patrick Wanjohi Maina, who served as the Chairman of its Supervisory Committee. In a obituary notice in one of the dailies, the Sacco conveyed its heartfelt condolences to his family, friends, colleagues, and all those whose lives he touched. “It is with deep sorrow that we…

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World Bank allocates Ksh97 B to boost Kenya’s anti-corruption and governance reforms

Sacco ReviewJuly 1, 202604 mins

World Bank approves Ksh97 billion to support Kenya’s anti-corruption efforts, governance reforms, and better public financial management. Funds will strengthen transparency through stricter procurement rules, improved financial oversight and enhanced systems to curb fraud and misuse of public resources. The World Bank, through the Second Green and Resilient Inclusive Growth Development Policy Operation (DPO), has…

Kisii Governor urges Boda Boda riders to join Saccos, invest in Agribusiness

Sacco ReviewJuly 1, 202604 mins

Boda boda operators in Kisii County have been urged to join Savings and Credit Cooperative Societies (Saccos) to improve their access to affordable credit, diversify their sources of income, and strengthen their financial stability. Speaking during a meeting with more than 500 boda boda riders at Kisii Stadium, Kisii Governor Simba Arati encouraged the operators…

Kisumu bar owners urge parliament for inclusive Tobacco Bill consultation

Sacco ReviewJuly 1, 2026July 1, 202605 mins

100-metre rule impractical: Andrew Matoka emphasized that restricting tobacco and nicotine sales within 100 metres of schools and child-centered facilities is unrealistic in densely populated urban settings. High licensing costs burden: Erick Ogutu noted that bar owners already face expensive licensing and complex compliance requirements, warning that the new bill risks adding further burdens without…

Abdi Mohamed named I&M Bank Kenya CEO after resignation from ABSA

Sacco ReviewJuly 1, 202604 mins

I&M Group PLC has appointed Abdi Mohamed as the Chief Executive Officer of I&M Bank Kenya, days after his resignation from Absa Bank Kenya was formally announced. In a notice to shareholders issued on Monday, the lender announced that Mohamed will join the bank from Absa Bank Kenya PLC, where he has been serving as…

Kenya secures KSh7.8 billion development package from Germany

Sacco ReviewJuly 1, 2026July 1, 202606 mins

Kenya has secured a KSh7.8 billion development cooperation package from Germany to support key economic programmes over the 2026 – 2028 period, strengthening the long-standing partnership between the two countries. The funding was announced after the Kenya- Germany biennial government-to-government development cooperation negotiations held in berlin, where both governments reaffirmed their commitment to expanding economic…

93% of women traders in Kenya lack formal business training, survey finds

Sacco ReviewJune 30, 202605 mins

A new survey has revealed that the majority of women traders in Kenya have never received formal business or enterprise development training, limiting the growth and sustainability of their businesses. The research, conducted by social enterprise WOW MOM Kenya with support from the International Development Research Centre (IDRC), found that 93 per cent of women…

Parents turn to Saccos as fees top household budget priorities

Sacco ReviewJune 30, 2026June 30, 202604 mins

Education loans surged by 27.1% in Q1 2026, reaching KSh24.81 billion, making school fees the second-largest reason for Sacco borrowing after land and housing. Parents increasingly prefer SACCOs for financing education, attracted by lower interest rates and flexible repayment plans compared to commercial banks. Parents are increasingly relying on Savings and Credit Cooperatives (Saccos) to…

Healthcare loans drive fastest growth in SACCO lending, outpacing housing and education

Sacco ReviewJune 30, 2026June 30, 202604 mins

Healthcare loans recorded the fastest growth among SACCO lending categories, rising 31.03% year-on-year to KSh2.79 billion in March 2026. Overall SACCO lending expanded by 16.23% to KSh115.73 billion, with land and housing remaining the largest recipients, followed by education. Healthcare-related borrowing has emerged as the fastest-growing loan category among Savings and Credit Cooperative Societies (SACCOs)…