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

President Ruto defends Hustler Fund amid claims of high default rates

Sacco ReviewAugust 9, 202503 mins

President William Ruto has strongly defended the Hustler Fund against mounting criticism over its repayment performance, asserting that the initiative has transformed access to credit for millions of Kenyans. Speaking at the Presidential Private Sector Roundtable in Nairobi Wednesday, Ruto dismissed claims from opposition leaders and experts that the fund is plagued by high default…

CS Wahome calls for Affordable Housing Programme support amid financial shortfall

Sacco ReviewAugust 8, 202508 mins

Lands, Housing and Urban Development Cabinet Secretary (CS) Alice Wahome has called on private sector players to actively support Kenya’s Affordable Housing Programme, amid a massive Ksh326 billion annual financing shortfall. The CS announced that the government was exploring partnerships with commercial banks, retirement benefit schemes, mortgage schemes, SACCOs, development partners, and the wider business…

EU compliance rules threaten Kenya’s coffee exports as deadline draws closer

Sacco ReviewAugust 5, 202506 mins

Kenya’s coffee industry is facing a looming challenge as the deadline for compliance with the European Union’s Deforestation-Free Products Regulation (EUDR) draws closer. The regulation, which aims to prevent imports linked to deforestation, requires all coffee destined for the EU market to be fully traceable and verified as not originating from deforested land after December…

NCPB on spot as Audit uncovers fake firms, unsafe inputs and billions lost in fertilizer subsidy

Sacco ReviewJuly 24, 202505 mins

The integrity of the National Cereals and produce Board (NCPB) is under fire following a damning audit that has uncovered fake supplies, unsafe fertilizer, and billion in losses within President William Ruto’s Ksh.31.5 billion subsidy program. According to the Auditor General Nancy Gathungu’s latest report covering the fiscal year ending June 30, 2024, NCPB paid…

Cooperative Bank advertises job opportunities

Sacco ReviewJuly 24, 202504 mins

Cooperative Bank of Kenya has announced job opportunities, Financial Reporting and Standards Manager and Finance Business Partner. To apply for the position of Financial Reporting and Standards Manager one has to have a bachelor’s degree in Finance, Accounting, or a related field from a recognized institution A master’s degree will be an added advantage and…

Gov’t launches Ksh10.8B KEVEVAPI strategic plan to safeguard livestock health

Sacco ReviewJuly 24, 202504 mins

The Government has unveiled the Ksh10.8 billion Kenya Veterinary Vaccines Production Institute (KEVEVAPI) Strategic Plan that will boost livestock productivity, enhance food security through access to affordable and high quality veterinary vaccines to farmers in the country and the region. The five year Strategic Plan (2023-2027) will guide the institute towards increasing livestock vaccines production…

Cooperative funds face legitimacy questions as MPs demand audit clarity

Sacco ReviewJuly 23, 202504 mins

The legitimacy of two key cooperative sector funds has come under parliamentary scrutiny, with Members of Parliament (MPs) demanding urgent reforms and full disclosure from the State Department for Co-operatives. The Special Funds Accounts Committee, chaired by Migori MP Fatuma Zainab, has directed the department to submit all outstanding audit documents to the Office of…

CS Kagwe meets officials of four leased sugar factories, discuss lease agreements

Sacco ReviewJuly 22, 202503 mins

Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has held a meeting with lessees of the four state-owned sugar factories (Nzoia, Sony, Chemilil, and Muhoroni), to evaluate progress on the ongoing lease agreements and address outstanding concerns affecting the sector. The meeting which was held in Nairobi focused on a range of critical issues,…

State to meet EU regulations on coffee exports, Kagwe says

Sacco ReviewJuly 17, 202503 mins

Agriculture Cabinet Secretary Mutahi Kagwe has assured coffee exporters that the government will comply with European Union Deforestation Regulations, (EUDR) pertaining to coffee exports. He has also committed to fast-tracking all outstanding activities necessary for compliance with the EU Deforestation Regulation (EUDR). “The government has directed relevant agencies, including the Kenya Forest Service, the Kenya…

Gov’t to establish Jumuiya Market in Kisumu to strengthen EAC cross-border trade

Sacco ReviewJuly 17, 202508 mins

East African Community Affairs Principal Secretary Dr Carolyn Karugu has revealed that the government plans to establish a Jumuiya Market in Kisumu to strengthen cross-border trade within the EAC and connect local traders to broader regional markets. Karugu said the flagship initiative under her State Department targets the EAC’s 130 million consumers, positioning Kisumu as…