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

Newly elected ICA Africa Chair Malonza calls countries to reduce dependence on imports

Sacco ReviewJune 12, 2026June 12, 202605 mins

Newly elected chairperson of the International Co-operative Alliance Africa, McLoud Malonza, has called for stronger regional supply chains and reduced dependence on imports, saying Africa’s long-term prosperity depends on producing more of what it consumes. Malonza, who also chairs Co-operative Bank Holdings and the Co-operative Alliance of Kenya (CAK) was elected unopposed after securing all…

Ufundi Sacco puts landmark Co-op Plaza building up for sale

Sacco ReviewJune 11, 202603 mins

Ufundi Savings and Credit Cooperative Society (Sacco) has announced plans to sell its landmark Co-op Plaza building located at the intersection of Moi Avenue and Moktar Daddah Street in Nairobi’s Central Business District. The property, which stands on a 0.0546-hectare parcel of land, comprises 13 floors and three basement levels, offering approximately 49,000 square feet…

Foreign investors offload Ksh10bn worth of shares from NSE

Sacco ReviewJune 9, 2026June 9, 202602 mins

Over 6,000 foreign investors, both individuals and corporates listed on the Nairobi Securities Exchange(NSE), sold their shares worth Ksh 10 billion from the top five companies in Kenya by the end of April 2026. The top Kenyan companies, Safaricom Plc, Equity Group, KCB Group, EABL, and Cooperative Bank of Kenya, claim normal operation despite the…

Is opening of new branches and satellite offices a plus to Saccos?

Sacco ReviewJune 6, 2026010 mins

Initially the Sacco set up in the cooperative movement brought together members of the community with the common need and could only be set up close to its common bond. They were based on the cooperative values of self-help, self-responsibility, democracy, equality, equity, and solidarity. This was possible since these cooperative were formed by people…

Kirinyaga farmers reject proposed 8 pc tea levy, demand direct export access

Sacco ReviewJune 4, 202604 mins

Tea farmers in Kirinyaga County have come out strongly against a proposed levy by the Tea Board of Kenya, describing it as punitive and ill‑timed. At an emergency meeting, growers warned that the new charge would worsen their already fragile economic situation and erode Kenya’s competitiveness in global markets. The protest was led by John…

KBA urges central bank to maintain benchmark rate at 8.75% amid rising global risks

Sacco ReviewApril 8, 202604 mins

The Kenya Bankers Association (KBA) Centre for Research on Financial Markets and Policy has called on the Central Bank of Kenya (CBK) to maintain the current benchmark policy rate at 8.75%. This recommendation comes in light of rising global risks, including escalating geopolitical tensions and the increasing pressure on inflation and the exchange rate. In…

Business people in Taita Taveta during the training

Taita Taveta suppliers trained on new digital procurement system

Sacco ReviewFebruary 17, 2026February 17, 202608 mins

Business people in Taita Taveta County are being trained on the Electronic Government Procurement (E-GP) System in a move aimed at modernizing public procurement and improving transparency, efficiency and fairness in the awarding of government tenders. The two-day training, which is taking place at Taita Taveta National Polytechnic in Voi, has brought together suppliers and…

Gov’t eyes digital tax revolution to empower MSMEs, boost economic equity

Sacco ReviewOctober 21, 202505 mins

The government is accelerating efforts to overhaul its tax administration through digital innovation and inclusive reforms aimed at empowering Micro, Small and Medium Enterprises (MSMEs), which contribute over 40 percent of the country’s GDP and employ millions nationwide. Speaking at the opening of the Kenya Revenue Authority (KRA) Annual Tax Summit 2025, leaders from government…

SASRA flags Ksh3.49 Billion Non-Remittance crisis, warns of looming SACCO instability

Sacco ReviewSeptember 26, 202504 mins

The SACCO Societies Regulatory Authority (SASRA) has sounded the alarm over a deepening non-remittance crisis that threatens the financial stability of Kenya’s regulated SACCOs. In its SACCO Supervision Annual Report 2024, the regulator revealed that employer institutions, many of them government-linked have failed to remit over Ksh 3.49 billion in member deductions, up from Ksh…

Uasin Gishu Cooperatives to benefit from new agribusiness deal and county-led support

Sacco ReviewSeptember 24, 202503 mins

Uasin Gishu County is stepping up efforts to strengthen cooperative societies by forging strategic alliances with agribusiness firms and development partners. One such partnership is taking shape between Kuona Mbele Cooperative Society and agriBora, a leading player in agricultural innovation. The cooperative is set to lease its store to agriBora, with the revenue earmarked for…