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

Kagwe encourages global investors to package tea in Kenya for market appeal

Sacco ReviewSeptember 11, 202504 mins

Agriculture Cabinet Secretary Mutahi Kagwe has called on global investors to package tea in Kenya for export to guarantee a higher value for their clientele. Speaking at the North America Tea Conference in South Carolina, Kagwe heaped praise on the Kenyan government for expunging taxes on packaging materials for agricultural products, hence making it affordable….

Banks now prefer automation over upskilling, says KPMG Report

Sacco ReviewSeptember 11, 202505 mins

A new report by global advisory firm KPMG has revealed that banks across the world are prioritizing automation and digitization over up skilling their staff as they seek to cut costs and boost profits. According to the report, 38% of banks are focusing on automating processes, while 37% are digitising key functions to improve profitability….

Why Kenyans still prefer SACCO to Bank Loans

Sacco ReviewSeptember 8, 202509 mins

A move by commercial banks to cut their lending rates after intense pressure from monetary authorities is attracting the attention of many financial services users. Do these latest cuts in the price of bank loans pose any threat to SACCOs, considered serious players in the lending business and Kenya’s financial sector? “This trend to lower…

Why SACCOs are yet to fully embrace Credit Information Sharing

Sacco ReviewSeptember 8, 202507 mins

Ms. Ndegwa, in an interview with SACCO Review, said that the use of credit scoring as an assessment tool when considering whether to give a loan product to a SACCO member is already happening, particularly where SACCOs are offering mobile loans. “Members apply for mobile loans on online platforms using the mobile app and the…

Matatu Saccos not collecting revenue for county, says Machakos Finance Executive

Sacco ReviewSeptember 6, 202504 mins

Machakos County Finance Executive Member Onesmus Kuyu has refuted claims that Matatu Sacco members have been collecting revenue for onward transmission to the County Treasury contrary to regulations. The claims were made by Mua Ward MCA Mr. Francis Ngunga while contributing to a motion on the floor of the County Assembly on Tuesday. Mr. Kuyu,…

SACCOs should equip their staff adequately to serve members professionally

Sacco ReviewSeptember 6, 2025September 6, 2025011 mins

Among the seven principles of cooperatives/saccos, principle number five talks about Education training and information to members and general public. It encourages that members, stakeholders and the public need to be taught, trained and given information on the operations of the cooperatives. This principle has been adopted and exercised in almost all cooperatives over a…

New dawn for tea farmers as Ombasa elected KTDA Vice Chair

Sacco ReviewSeptember 5, 202503 mins

Tea sector has received new leadership as James Omwemo Ombasa elected as the new Vice Chairman of the Kenya Tea Development Agency Holdings Limited (KTDA) In the election, held on Thursday, August 28, 2025, at Enashipai Resort & Spa, Ombasa was officially certified by Returning Officer. As a dedicated tea grower, Ombasa’s victory signals strong…

Banks set for new risk-based pricing model as clients with poor credit history to pay more for loans

Sacco ReviewSeptember 3, 202505 mins

Central Bank of Kenya (CBK) Governor Kamau Thugge has announced that in the next three months, commercial banks are expected to have transitioned to the new risk-based pricing models with new loans expected to be priced using the new framework beginning December 1, 2025. The model pegged on the Kenya Shilling Overnight Interbank Average (KESONIA),…

Belgium overtakes USA as top buyer of Kenya’s coffee

Sacco ReviewSeptember 2, 2025September 2, 202505 mins

Belgium has over taken the US as the main export market for Kenya’s coffee in the 2023/24 crop season, tipping investors on the opportunities in the European country, which is currently registering a steady growth in consumption of the beverage, driven by an expanding specialty product. New data shows that Belgium bought 8,275.79 tonnes of…

State to roll out e-voucher system for livestock vaccination to curb diseases

Sacco ReviewSeptember 2, 202503 mins

The state through the Ministry of Agriculture and Livestock Development is set to roll out an electronic voucher (e-voucher) system in counties for livestock vaccination, aiming to improve disease surveillance and livestock management. According to Livestock Development Principal Secretary Jonathan Mueke, security agencies will also leverage the system in the ongoing fight against cattle theft…