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CBK backs plan to sell 15% safaricom stake to fund infrastructure

Sacco ReviewJanuary 21, 202605 mins

Central Bank of Kenya (CBK) Governor Dr. Kamau Thugge has defended the government’s proposal to sell a 15 per cent stake in Safaricom PLC, describing it as an innovative financing option aimed at supporting infrastructure development without increasing public debt. Appearing before lawmakers, Dr. Thugge said the proposed divestiture would have a positive macroeconomic impact,…

CS Kagwe opposes bid to merge human and veterinary medicines

Sacco ReviewJanuary 20, 2026January 24, 202603 mins

Agriculture Cabinet Secretary and Senator Mutahi Kagwe has opposed proposals before the Kenyan Parliament and the East Africa Legislative Assembly (EALA) seeking to merge the regulation of human and veterinary medicines, warning that the move could undermine public health, food safety and livestock production. Speaking during a visit to the Veterinary Medicines Directorate (VMD), Kagwe…

Kenya, IFAD initiate Ksh 600 million EU funded program to boost soil health, agriculture

Sacco ReviewJanuary 17, 202607 mins

The government, in partnership with the International Fund for Agricultural Development (IFAD), has initiated a Ksh600 million European Union–funded programme aimed at restoring soil health and boosting agricultural productivity for 40,000 smallholder farmers across six counties. The €4.3 million (about Ksh600 million) European Union grant will support integrated soil fertility management, soil testing, agroecological training,…

SACCO Sub-Sector: Achievements, lost chances, challenges and 2026 outlook

Sacco ReviewJanuary 16, 2026013 mins

As the new year begins, this publication takes stock of achievements by Kenya’s vibrant Sacco Sub sector, some of the missed opportunities and what lies ahead. While financial cooperatives are still locked out of the National Payments System and lack an inter-lending facility, they have been able to ride on technology and other delivery channels…

US tariffs threat risk Kenya- Iran tea trade

Sacco ReviewJanuary 13, 202604 mins

Kenya- Iran tea trade has been shaken following the US President Donald Trump’s threat to slap a 25 per cent tariff on any country trading with Iran. The country is set lose more as Tehran has been a prolific tea importer and a strategic security partner of Washington, in an awkward bind. “Effective immediately, any…

SASRA sets March 15 deadline for SACCOS to submit audited accounts

Sacco ReviewJanuary 10, 202603 mins

The government, through the Sacco Societies Regulatory Authority (SASRA), has directed all Savings and Credit Cooperative Organisations (SACCOs) to submit their audited financial statements by March 15, 2026, as part of regulatory compliance measures. In a notice issued on January 9, SASRA said the submission window will run from January 1 to March 15, 2026,…

KUSCCO proposes amendments of Tax Act to provide uniform tax for all SACCOs

Sacco ReviewJanuary 6, 202604 mins

Kenya Union of Savings & Credit Co-operatives (KUSCCO) has submitted policy proposals to the National Treasury aimed at strengthening SACCOs and protecting member welfare. Among the proposals is the amendment of Section 19A of the Income Tax Act (ITA) to provide a uniform tax treatment for all types of cooperatives societies, recognizing their shared goals…

LBDA positions itself as driver of economic growth

Sacco ReviewJanuary 3, 202605 mins

The Lake Basin Development Authority (LBDA) has declared itself a key engine of economic growth, following a strong performance in 2025 that saw gains in revenue, agriculture and institutional ventures. Managing Director Wycliffe Ochiaga said the authority’s improved outlook was anchored on aligning its programmes with the national Bottom‑Up Economic Transformation Agenda, a move that…

Cane farmers praise President Ruto’s efforts to revive sugar sector

Sacco ReviewJanuary 3, 202603 mins

Cane farmers across Kenya have commended President William Ruto for his commitment to revamping the sugar sector, noting that his reforms are already bearing fruit. Led by Kenya National Federation of Sugar Cane Farmers Secretary General Killion Osur Anyango, the farmers said the president’s initiatives must be supported by other industry players to ensure smooth…

Tala CBO eyes micro-finance transformation to empower community

Sacco ReviewJanuary 3, 202603 mins

Upper Manza Focus Community-Based Organization in Tala has announced plans to transform into a micro‑finance institution by 2026, a move aimed at shielding members from predatory loans and creating new growth opportunities. The CBO, which has steadily expanded its membership over the years, currently operates through table banking, offering loans to members. Chairman Nicholas Kyalo…