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

EACC flags governance gaps in Kenya’s co-ops sector

Sacco ReviewAugust 20, 2026August 20, 202604 mins

Commission calls for stronger controls to prevent corruption and protect resources Co-operatives department commits to reviewing and implementing recommendations The Ethics and Anti-Corruption Commission (EACC) has flagged governance and oversight weaknesses in Kenya’s co-operative sector that could open the door to corruption. The Commission presented its report on the examination of systems in the co-operative…

Kenya to import 25 million bags of maize as drought bites

Sacco ReviewAugust 19, 2026August 19, 202603 mins

Kenya plans to import 25 million bags of maize to bridge a drought driven food deficit The shortage threatens supplies and could put pressure on maize prices and consumers Government is turning to irrigation expansion and tax reforms to strengthen local food production Kenya will import 25 million bags of maize to cover a deficit…

KRA Customs revenue hits record Ksh 988.8bn in FY2025/26

Sacco ReviewJuly 30, 202607 mins

KRA Customs collected a record Ksh 988.8 billion in FY2025/26, beating its target. Revenue grew 12.4 per cent as stronger compliance and technology boosted collections. KRA is expanding digital customs systems to improve trade and revenue collection. The Kenya Revenue Authority’s (KRA) Customs and Border Control (C&BC) Department has surpassed its target of Ksh 980.794…

Mwalimu Sacco unveils first sustainability report

Sacco ReviewJuly 30, 202604 mins

Mwalimu National DT Sacco has launched its first sustainability report outlining its ESG progress and governance initiatives. The Sacco reduced its non performing loan ratio to 2.4 per cent, resolved 2,384 member complaints and planted 17,000 trees and mangrove seedlings. The report highlights the Sacco’s commitment to sustainability, transparency and long term growth. Mwalimu National…

Machakos civil society issues 24-hour budget ultimatum

Sacco ReviewJuly 29, 202605 mins

Machakos civil society groups have given the County Assembly 24 hours to pass the 2026/27 budget or face mass protests. The groups said the delay has disrupted salaries, development projects and public service delivery across the county. They want a special Assembly sitting convened within 24 hours to approve the budget. The Machakos County Civil…

Court rules EACC has no power to probe KTDA tea loan deals

Sacco ReviewJuly 22, 202605 mins

High Court ruled EACC cannot investigate KTDA’s private tea factory loan deals. Judge found the loans involved no public funds, public officers or bribery. Court said such cases fall under the DCI, not EACC. A High Court judge has stopped EACC from digging into loan arrangements at two tea factories run by the Kenya Tea…

Commercial banks overtake Saccos as farmers’ top credit source, CBK data shows

Sacco ReviewJuly 20, 202605 mins

Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…

Stanbic Bank Kenya appoints Michael Mutiga as new CEO

Sacco ReviewJuly 17, 202605 mins

Stanbic Bank appoints Michael Mutiga as CEO, effective August 1, subject to CBK approval. Mutiga joins from Safaricom after senior banking roles at Citibank and Barclays. He succeeds acting CEO Abraham Ongenge following Joshua Oigara’s regional promotion Stanbic Bank Kenya has appointed Michael Mutiga as its new Chief Executive Officer (CEO), effective August 1, 2026,…

Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires

Sacco ReviewJuly 15, 2026July 15, 202603 mins

Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires. Chebii, a over 20-year Boresha Sacco veteran, takes over as acting CEO. Board names Philemon Chebii acting CEO pending substantive appointment Boresha Sacco has appointed Philemon Chebii as the Acting Chief Executive Officer (CEO) following the retirement of Jacob Mengich who has been holding…

Nairobi accounts for more than a quarter of Kenya’s economy, KNBS data shows

Sacco ReviewJuly 15, 202605 mins

Nairobi accounted for 27.4 per cent of Kenya’s economy, making it the country’s largest county economy, according to KNBS. Kiambu, Nakuru, Mombasa and Meru completed the top five county economies by Gross County Product. Nairobi also recorded the highest Gross County Product per capita, well above the national average. The Kenya National Bureau of Statistics…