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Cane farmers oppose proposals to exempt manufacturers, importers from 4% levy

Sacco ReviewNovember 27, 202505 mins

Sugar cane farmers in the country have vehemently opposed proposals to exempt exporters and manufacturers importing white refined industrial sugar from paying the four per cent Sugar Development Levy. Sugar Campaign for Change (Sucam), coordinator Michael Arum said in a statement that farmers described the proposal by the Kenya Association of Manufacturers (KAM) as “misguided, legally unfounded,…

Kenya seeks zero-duty access for agricultural exports to China, calls for quick approvals

Sacco ReviewNovember 26, 202504 mins

Kenya has intensified efforts to secure zero-duty access for its agricultural and livestock products in the Chinese market, with Cabinet Secretary Agriculture and Livestock Development Mutahi Kagwe urging senior officials from the General Administration of China Customs (GACC) to fast-track long-pending approvals. In a high-level meeting held in Nairobi, Kagwe engaged a delegation led by…

KCB Group posts Ksh47.3 billion profit for nine months ending September 2025

Sacco ReviewNovember 25, 202503 mins

KCB Group PLC has reported a profit after tax of Ksh47.3 billion for the nine months ending September 2025, a 3.5% increase from Ksh45.7 billion in the same period last year. The Group’s strong performance was driven by higher income across business lines and effective cost management, despite challenges in its markets. KCB’s balance sheet…

SACCOs face challenges in partnering with housing cooperatives amid regulatory restrictions

Sacco ReviewNovember 24, 202505 mins

The Sacco Societies Regulatory Authority (SASRA), in partnership with the Kenya Mortgage Refinance Company (KMRC) and FSD Kenya comprehensive market study on the role of SACCOs in affordable housing finance has revealed that many Savings and Credit Cooperative Societies (SACCOs) are increasingly separating their operations from affiliated housing cooperatives. This shift is largely in response…

SACCO usage rises from 9.6% in 2021 to 11.7% in 2024, FinAccess Surveys

Sacco ReviewNovember 24, 202506 mins

SACCO membership and usage in Kenya continue to grow, with the latest 2024 FinAccess Household Survey (SACCO Sub-Sector Report) showing an increase from 9.6 percent in 2021 to 11.7 percent in 2024. The growth is attributed to more households joining SACCOs that offered relatively affordable loans during the high-interest-rate period. The FinAccess Surveys also highlighted…

Global economic slowdown, rising trade tensions pose risks to financial stability, CBK Report

Sacco ReviewNovember 21, 202506 mins

The global economy is expected to slow in 2025, expanding between 2.8% and 3.0%, down from 3.3% in 2024, according to the Central Bank of Kenya’s Financial Sector Stability Report. The projected deceleration comes despite inflation returning to target levels, with the CBK citing escalating trade tensions, protectionist policies, and heightened policy uncertainty as key…

SASRA Acting Chief Executive Officer, David Sandagi,

SASRA CEO underscores key sector reforms at Cooperative Stakeholders’ Forum

Sacco ReviewNovember 21, 202503 mins

The Sacco Societies Regulatory Authority (SASRA) Chief Executive Officer, David Sandagi, has outlined major reforms aimed at strengthening Kenya’s cooperative sector during a high-level panel discussion at the 4th Annual Cooperative Movement Stakeholders’ Forum held at Lake Naivasha Resort. The forum, themed “Shaping the Future of Co-operatives: Leadership, Innovation and Sustainable Growth,” brought together cooperative…

CS Oparanya calls for merger of small SACCOs to boost their competitiveness

Sacco ReviewNovember 21, 202507 mins

The Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya has called for the merger of small Savings and Credit Cooperative Organizations (SACCOs) as part of boosting their competitiveness both locally and internationally. Spaeking during the 4th annual Cabinet Secretary’s Cooperative Movement Stakeholders’ Forum, CS Oparanya said that small cooperatives cannot endure local and global emerging competitive…

Stakeholders call for stronger laws to protect farmers against counterfeit farm pesticides

Sacco ReviewNovember 20, 2025012 mins

Agrochemical companies and the Pest Control Products Board (PCPB), with other agencies have called for stronger laws to protect farmers against illegal pest control products in the country. Speaking during the campaign run to sensitized farmers on the safe use of legal pesticides, the stakeholders underscored that using illegal pest control products not only harms…

Over 100 Uasin Gishu MSMEs informed on business support opportunities

Sacco ReviewNovember 19, 202506 mins

Over 100 Micro and Small Enterprises entrepreneurs from Turbo Sub County, Uasin Gishu have been trained on business policies so as to empower them with knowledge on existing regulations and support services. The program manned by the Micro and Small Enterprises Authority (MSEA) aims to foster a more informed, compliant, and competitive MSME ecosystem in…