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

PS Hinga sets record straight on Ksh2.56 billion Boma Yangu withdrawals

Sacco ReviewJuly 23, 202605 mins

Housing PS Charles Hinga said the reported Ksh2.56 billion Boma Yangu withdrawals were misinterpreted, noting Ksh1.76 billion was used as deposits for affordable housing units while Ksh803 million was withdrawn. He said withdrawals were mainly for personal needs, such as school fees, or due to uncertainty over the programme, insisting the figures do not show…

President Ruto to launch Ksh500 million Mitunguu feed factory at Meru Dairy field day

Sacco ReviewJuly 23, 2026July 23, 202607 mins

President William Ruto will launch the approx. Ksh500 million Mitunguu Animal Feed Production Factory during the 11th Meru Dairy Farmers Field Day in Meru on Saturday, with the project expected to lower livestock feed costs for farmers. Meru Dairy says daily milk intake has risen to about 670,000 litres and is projected to reach one…

Machakos Governor pledges to revive agriculture to boost food security and jobs

Sacco ReviewJuly 23, 2026July 23, 202604 mins

Wavinya Ndeti pledged to revive agriculture to boost food security, jobs and economic growth in Machakos. The county stocked Kwa Katiwa Earth Dam with fish fingerlings to expand aquaculture and support local incomes. The governor pledged continued support for farmers through seeds, seedlings and planting vines. Machakos Governor Wavinya Ndeti has stressed the importance of…

Govt targets employers, Saccos in nationwide minimum wage crackdown

Sacco ReviewJuly 22, 2026010 mins

Govt has launched nationwide inspections to enforce the new minimum wage, with Saccos among employers expected to comply. Labour officers will audit payrolls, contracts and wage records, while non compliant employers risk prosecution, fines and other legal penalties. Saccos have been urged to review salaries for roles such as cashiers, receptionists, clerks and storekeepers to…

National Treasury launches review of Sacco supervision framework

Sacco ReviewJuly 22, 2026July 22, 202605 mins

National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…

Trans Nzoia allocates Sh500 million for agriculture in 2026/2027 budget

Sacco ReviewJuly 22, 202605 mins

Trans Nzoia has proposed Ksh500 million for agriculture in the 2026/2027 budget to support small scale farmers. The funding will finance crop, livestock and fisheries programmes, including farm inputs, pest control, livestock health and irrigation. Governor George Natembeya said the investment aims to boost food production and strengthen farmers’ livelihoods. Trans Nzoia government has proposed…

KTDA Chairman faults tea export levy as sales decline

Sacco ReviewJuly 22, 202603 mins

Tea farmers could receive lower bonuses due to weak export sales. KTDA blames the 0.8 per cent export levy for reducing demand for Kenyan tea. The agency wants the government to scrap the levy to protect farmers’ earnings. Tea farmers across the country could receive lower bonus payouts this year due to challenges affecting tea…

Court rules EACC has no power to probe KTDA tea loan deals

Sacco ReviewJuly 22, 202605 mins

High Court ruled EACC cannot investigate KTDA’s private tea factory loan deals. Judge found the loans involved no public funds, public officers or bribery. Court said such cases fall under the DCI, not EACC. A High Court judge has stopped EACC from digging into loan arrangements at two tea factories run by the Kenya Tea…

Kenya National Police Sacco executive Simon Tanui earns global I-CUDE honour in Sydney

Sacco ReviewJuly 22, 2026July 31, 202605 mins

Kenya National Police DT Sacco’s Simon Tanui has earned the global I-CUDE credential, joining just 15 professionals recognised in 2026. The award was presented during the 2026 World Credit Union Conference in Sydney. The recognition highlights Kenya’s growing influence in the global Sacco movement. Simon Kiprotich Tanui, General Manager of Operations and Strategy at Kenya…

EACC moves to recover Ksh4.3B Kisumu prison land from private developers

Sacco ReviewJuly 21, 202606 mins

EACC has sued to recover 7.6 acres of Kenya Prisons land in Kisumu allegedly acquired illegally by private developers. The disputed land is valued at Ksh790 million excluding developments and Ksh4.3 billion including developments. The Commission seeks cancellation of 92 land titles and restoration of the land to the Kenya Prisons Service. Hundreds of private…