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Court approves phased importation of duty-free rice to address shortfall

Sacco ReviewFebruary 2, 202603 mins

The High Court in Kerugoya has approved the phased importation of duty-free rice to address Kenya’s persistent production deficit, ordering the government to bring in 254,000 metric tonnes (MT) of Grade 1 rice in three equal consignments beginning March 1. In a ruling delivered by Justice Edward Muriithi, the court directed that the imports be…

High Court halts auction of KUSCCO assets over Ksh108.8 million debt

Sacco ReviewJanuary 31, 202602 mins

The High Court has temporarily stopped the auction of assets belonging to the Kenya Union of Savings and Credit Cooperatives (KUSCCO) after the umbrella body challenged enforcement of a Ksh108.8 million debt owed to RUPSA Sacco. Justice Linus Kassan granted a 30-day stay, halting the sale of KUSCCO’s motor vehicles and office equipment to allow…

Tower SACCO AGM highlights membership and asset growth

Sacco ReviewJanuary 29, 2026January 29, 202602 mins

Tower SACCO Society Limited celebrated its Golden Jubilee at Ol’Kalou Catholic Parish Grounds, Nyandarua County, during its 50th Annual General Meeting (AGM), which also connected members in the diaspora virtually. The SACCO reported remarkable financial and membership growth despite economic challenges, with active members rising by 29 per cent to 247,858 and share capital and…

RUPSA Sacco moves to auction KUSCCO assets to recover Ksh.108.8 Million

Sacco ReviewJanuary 29, 202603 mins

RUPSA Sacco, formerly known as PCEA Ruiru Sacco, has announced plans to auction the movable assets of the Kenya Union of Savings and Credit Cooperative Limited (KUSCCO) in a bid to recover Ksh.108.8 million in deposits and accrued interest. The move comes after the apex cooperative allegedly failed to comply with court orders directing it…

New Fortis Sacco pays out Ksh1.106 billion in dividends to members

Sacco ReviewJanuary 28, 202603 mins

New Fortis Sacco paid out Ksh1.106 billion in dividends and interest to members after recording growth in assets, loans and membership, officials said during its 50th Annual General Meeting (AGM) held in Nyeri. According to figures presented at the meeting, members received a 14 per cent dividend on share capital and 13 per cent interest…

Kenya, UAE seal landmark trade deal to boost agriculture

Sacco ReviewJanuary 23, 202604 mins

Kenya and the United Arab Emirates (UAE) have signed a landmark Comprehensive Economic Partnership Agreement (CEPA), the first such trade deal between the UAE and a mainland African country, positioning Kenya as a strategic gateway for trade, investment and technology cooperation with the Gulf region. The agreement is expected to deepen bilateral trade ties, remove…

Tension grips Imani Estate in Ruiru as residents face possible eviction

Sacco ReviewJanuary 23, 2026January 24, 202608 mins

Tensions have heightened at the 600-acre Imani Estate in Ruiru, Kiambu County with residents living in fear of eviction from the posh location. The Sh 10 billion property located along the Ruiru – Githunguri road has been at the center of a bitter dispute between the family of former spy chief, the late James Kanyotu…

PS Mang’eni warns Nyota beneficiaries against betting, misuse of funds

Sacco ReviewJanuary 22, 202605 mins

Principal Secretary for the State Department for Micro, Small and Medium Enterprises (MSME) Development, Susan Auma Mang’eni, has cautioned youth benefiting from the Nyota programme against using the funds for betting or other non-business purposes. Speaking during the launch of the programme at Kinoru Stadium, Mang’eni urged beneficiaries to use the funds responsibly, warning against…

Murkomen pledges action over fishermen harassment on Lake Victoria

Sacco ReviewJanuary 22, 202605 mins

Interior Cabinet Secretary Kipchumba Murkomen has promised to address growing complaints from local fishermen, who decried harassment and robbery by foreign security agencies while fishing on the shared waters of Lake Victoria. Murkomen said with a firm assurance that Kenya’s maritime and inland water security was now a government priority. “Remember that we already have an…

Government unveils tax reforms to boost agricultural exports

Sacco ReviewJanuary 22, 202603 mins

The government has announced wide-ranging tax and regulatory reforms aimed at strengthening Kenya’s export-led growth strategy, with a particular focus on agricultural exporters. The measures are contained in the Finance Bill 2026, which is set to be tabled in Parliament in March. Speaking at the launch of Flamingo Group Investments’ Ksh2 billion expansion project in…