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Fertilizer subsidies boosted food production by 50 per cent, President Ruto says

Sacco ReviewJune 4, 2025June 4, 202503 mins

President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…

Murang’a County unveils Ksh.20B agribusiness investment potential in a bid to attract investors

Sacco ReviewJune 2, 2025June 4, 202505 mins

Murang’a County has unveiled more than Ksh.20 billion worth of investment-ready opportunities in the agriculture sector, setting the stage for a major agribusiness investment in the country, in a bid to attract investors. The announcement was made during a high-level pre-conference luncheon jointly hosted by the Kenya Development Corporation (KDC) and the Ministry of Investments,…

CBK to pump KSh 180m into SafetyNet to protect SACCO cash

Sacco ReviewMay 27, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…

Former KUSCCO directors challenges order to vacate office

Sacco ReviewMay 27, 2025May 28, 202504 mins

In the midst of a growing leadership struggle within the Kenya Union of Savings and Credit Cooperatives (KUSCCO), former directors who were recently ousted from office are protesting the decision and the official removal order. The former directors who are now directors and executives in various SACCOs were removed from the KUSCCO office after the…

Stakeholders call for urgent solutions to devastating hacking cases

Sacco ReviewMay 27, 202504 mins

Following an increase in hacking in the country, attributed to massive tech job layoffs, which have in recent years plagued many enterprises, organizations have been urged to convert the negative energy of hackers into positive energy by creating opportunities for them. As a result of increased cyberattacks (hacking) and ransomware, many institutions have been grappling…

Women-led SMEs boosted through Absa Bank, Women’s World Banking partnership

Sacco ReviewMay 20, 202506 mins

Women entrepreneurs across Kenya is set to benefit from Absa bank and Women’s World Banking partnership which aims at deepening their financial inclusion and promoting economic empowerment. This partnership was signed on the sidelines of the Women’s World Banking partners’ breakfast held in Nairobi. It will focus on enhancing Absa’s Women in Business (WIB) proposition…

KRA mulls tax review on cane by-products to curb smuggling from EAC neighbor

Sacco ReviewMay 19, 202505 mins

The Kenya Revenue Authority (KRA) is contemplating a comprehensive review of taxes imposed on sugarcane by-products to curb smuggling from the neighboring East African Community (EAC) partner states. This follows concerns from players in the sector over rising cases of smuggling of molasses, ethanol and alcoholic beverages through the porous borders with the neighboring countries….

CS Oparanya backs leasing of state-owned sugar factories as new strategic managers take over

Sacco ReviewMay 13, 202508 mins

Cooperatives cabinet secretary, Wycliffe Oparanya, has strongly backed the government’s decision to lease state-owned sugar factories, saying the move is long overdue and critical to reviving a struggling sector. Speaking as the transition process officially began, Oparanya disclosed that most of the state-owned mills were in deep financial crisis, with many operating at a loss for…

State halts gambling ads to curb addiction

Sacco ReviewMay 13, 2025May 13, 202505 mins

The Government has imposed an immediate 30-day ban on all gambling advertisements across media platforms in a move to combat the normalization of gambling and its negative effects on society. The directive was issued by the Betting Control and Licensing Board (BCLB) under the Ministry of Interior, led by Chairperson Dr. Jane Mwakali Makau. A…

Gov’t leases four sugar companies as it completes 30-year lease agreement

Sacco ReviewMay 10, 2025May 10, 202504 mins

The Government has completed a 30-year lease agreement, outlining how the four state owned sugar factories will be leased out to private entities. In a press statement agriculture cabinet secretary Mutahi Kagwe says that following the broad-based consultations, the following companies have been awarded a 30-year lease for the operation of the four sugar factories:…