Top News – Page 22 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

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:…

Equity Group, African Guarantee Fund strike Ksh.64B deal to boost MSMEs in Africa

Sacco ReviewMay 10, 202504 mins

Equity Group and the African Guarantee Fund (AGF) have renewed and expanded their strategic partnership in a groundbreaking Ksh.64 billion which seeks to accelerate access to finance for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa. The facility is expected to unlock Ksh.129.5 billion in lending and sustain over 50,000 jobs, especially…

Parliament passes Anti-Money Laundering Laws Bill, proposes to amend Sacco Act

Sacco ReviewApril 18, 202507 mins

The National Assembly has passed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The bill will see amendment of the Sacco Societies Act (Cap. 490B), empowering the Sacco Societies Regulatory Authority (SASRA) in regulating the Saccos, the societies have mobilized deposits of members to the tune of more than ksh 1…

Senator petition Senate to probe collapse of Metropolitan SACCO

Sacco ReviewApril 17, 2025April 17, 202503 mins

Nominated Senator Tabitha Mutinda has petitioned the Senate to urgently probe the financial collapse of Metropolitan National SACCO Limited. Auditors had uncovered Kshs12 billion loss, over 75,000 members were unable to access their savings. Senior officers were dismissed and replaced by a caretaker committee in 2022. In a Statement to the Senate Committee on Trade,…

West Kano Irrigation Scheme rice farmers encouraged to join cooperatives

Sacco ReviewApril 14, 2025April 14, 202505 mins

Rice farmers in West Kano Irrigation Scheme have been encouraged to join cooperatives to improve their yields, The farmers drawn from Kolwa, Ahero, and Kobura Ward were told the move would secure better markets, and maximize returns on investment through fair pricing. Speaking during the Annual General Meeting at Nyang’ande Centre in Kabonyo Kanyagwal, Kadibo…

Kenya sugar board moves to next subsidiary legislation on the proposed Sugar Act of 2024

Sacco ReviewApril 14, 202505 mins

The Kenya Sugar Board (KSB) is moving into the next phase of subsidiary legislation to enforce the Act following a series of public participation meetings designed to gather insights from cane farmers about the proposed Sugar Act of 2024, This next step involves conducting a comprehensive Regulations Impact Assessment (RIA), guided by the Statutory Instruments…

KEBS calls on Kenyans to be more vigilant when buying goods

Sacco ReviewApril 14, 202506 mins

Kenya Bureau of Standard (KEBS), Mount Kenya Regional Manager Jacqueline Kang’iri urged members of the public to be vigilant when purchasing goods by checking out for the KEBS standardization Mark. “We urge residents to always verify that the products they buy have the KEBS standardization mark. This is one of the surest ways to protect…

Agriculture CS issues an ultimatum to miraa traders, announces key reforms

Sacco ReviewApril 14, 2025April 14, 202503 mins

Agriculture and Livestock Development Cabinet Secretary, Mutahi Kagwe, has issued a two week ultimatum to all miraa traders and exporters to comply with the government’s set minimum prices or face delisting. Speaking during a Farmers’ Day event in Meru, CS Kagwe warned that non-compliant traders will be required to reapply for licenses and clearly state…