Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KRA Customs collected a record Ksh 988.8 billion in FY2025/26, beating its target. Revenue grew 12.4 per cent as stronger compliance and technology boosted collections. KRA is expanding digital customs systems to improve trade and revenue collection. The Kenya Revenue Authority’s (KRA) Customs and Border Control (C&BC) Department has surpassed its target of Ksh 980.794…
Mwalimu National DT Sacco has launched its first sustainability report outlining its ESG progress and governance initiatives. The Sacco reduced its non performing loan ratio to 2.4 per cent, resolved 2,384 member complaints and planted 17,000 trees and mangrove seedlings. The report highlights the Sacco’s commitment to sustainability, transparency and long term growth. Mwalimu National…
Machakos civil society groups have given the County Assembly 24 hours to pass the 2026/27 budget or face mass protests. The groups said the delay has disrupted salaries, development projects and public service delivery across the county. They want a special Assembly sitting convened within 24 hours to approve the budget. The Machakos County Civil…
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…
Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…
Stanbic Bank appoints Michael Mutiga as CEO, effective August 1, subject to CBK approval. Mutiga joins from Safaricom after senior banking roles at Citibank and Barclays. He succeeds acting CEO Abraham Ongenge following Joshua Oigara’s regional promotion Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer (CEO), effective August 1, 2026,…
Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires. Chebii, a over 20-year Boresha Sacco veteran, takes over as acting CEO. Board names Philemon Chebii acting CEO pending substantive appointment Boresha Sacco has appointed Philemon Chebii as the Acting Chief Executive Officer (CEO) following the retirement of Jacob Mengich who has been holding…
Nairobi accounted for 27.4 per cent of Kenya’s economy, making it the country’s largest county economy, according to KNBS. Kiambu, Nakuru, Mombasa and Meru completed the top five county economies by Gross County Product. Nairobi also recorded the highest Gross County Product per capita, well above the national average. The Kenya National Bureau of Statistics…
SASRA says proposed SACCO Bill will establish a Deposit Guarantee Fund to protect members’ eligible savings. Regulator says reforms will strengthen liquidity management and improve stability across the SACCO sector. Clarification comes amid misinformation linking members’ savings to the National Infrastructure Fund. The Sacco Societies Regulatory Authority (SASRA) has clarified that the proposed Sacco Societies…
Ksh950 billion of Sacco assets already lent to members Saccos say Ksh1.2 trillion assets are not idle cash Sector clarifies loans account for nearly 80 per cent of Sacco assets Kenya’s Sacco sector has clarified that its Ksh1.2 trillion asset base does not represent cash held in bank accounts, noting that nearly 80 per cent…
