Agriculture and Livestock Development CS Mutahi Kagwe in Senate during the Committee session/Photo Courtesy

Kagwe defends four per cent sugar levy amid pushback from stakeholders

Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has defended the four per cent Sugar Development Levy, arguing it is necessary to sustain industry growth, fund research, and cushion the sector against cane shortages. This is despite pushback from millers who argue that the levy will increase their financial burden, with some calling for a…

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SASRA Acting CEO David Sandagi when he appeared before the Committee/Photo Courtesy

MPs question SASRA over alleged financial mismanagement, ownership disputes at Nandi Teachers Sacco

The National Assembly’s Public Petitions Committee has questioned the Sacco Societies Regulatory Authority (SASRA) Acting CEO David Sandagi over the allegations of financial mismanagement and ownership disputes at Nandi Teachers Sacco. This comes after the Nandi Hills MP Bernard Kitur filed a petition which raised concerns about how the Sacco handled members’ funds and the…

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SASRA Board Chair, CPA Jack Ranguma/Photo File

SACCOs overtake banks in affordable loans amid overstretched liquidity

Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…

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Boito Tea Factory in Konoin, Bomet County/Photo Courtesy

Bomet’s Boito Tea farmers to hold forum over low bonus payments

Tea farmers affiliated with Boito Tea Factory in Konoin Sub-County in Bomet County are set to hold a peaceful meeting on October 4 at Boito Market Grounds to discuss the recent release of tea bonus payments, which they claim are unjustifiably low. In an official notice addressed to the Officer Commanding Station (OCS) at Konoin…

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SASRA Acting Chief Executive Officer David A. Sandagi during the past event/Photo Courtesy

Kenya’s Cooperative sector reels from Ksh3.49 Billion remittance crisis

Kenya’s cooperative banking sector, a cornerstone of financial inclusion for millions, is grappling with a deepening liquidity crisis, according to the Sacco Societies Regulatory Authority (SASRA) 2024 Supervision Report, released recently by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya. The report has exposes a staggering Ksh3.49 billion in unpaid salary deductions owed to 85…

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MPs during the Parliament session/Photo Courtesy

Kenyan MPs’ Sacco loan defaults hit Ksh939 Million mark

In a stunning revelation that exposes the gaping chasm between Kenya’s political elite and the everyday struggles of ordinary citizens, Members of Parliament, MPs have emerged as the top defaulters in the country’s Savings and Credit Cooperative (Sacco) sector, racking up nearly Ksh1 billion in unpaid loans by the end of 2024. According to the…

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1 / 1 – Nominated Senator Esther Okenyuri/Photo Courtesy

Senator Okenyuri decries tea bonus disparities in Kisii, Nyamira Counties

Nominated Senator Esther Okenyuri has raised alarm over what she termed as glaring disparities in tea bonus payments, accusing industry stakeholders of unfairly disadvantaging farmers in Kisii and Nyamira counties. Speaking on the floor of the Senate Okenyuri said that while tea growers in Mt. Kenya region are receiving bonus payments averaging Ksh 50 per…

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Chief Officer for Agriculture Dr Kibet Sitienei (right) during the training of vets ahead of countywide vaccination. Photo by Philip Koech

Bomet trains vets ahead of countywide foot and mouth vaccination drive

The County Government of Bomet, through the Department of Agriculture, Livestock and Fisheries, has trained veterinarians and paravets in preparation for a countywide Foot and Mouth Disease (FMD) vaccination exercise. The training, held under the National Agriculture Value Chain Development Project (NAVCDP), brought together veterinary surgeons, paravets, and officials from across the county. The exercise…

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Cooperatives CS Wycliffe Oparanya/Photo File

SACCOs in Kenya report surge in transaction value

Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…

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The National Assembly Committee on Social Protection chair Alice Nga'ng'a. Photo Courtesy

MPs rejects new policy on women empowerment says it undermines existing institutions

The National Assembly Committee on Social Protection has rejected the proposed National Policy for Women’s Economic Empowerment, citing a lack of clear implementation structures and concerns over duplication of the constitutional mandate held by the 47 Women Representatives. The policy, developed by the State Department for Gender and Affirmative Action under the Ministry of Gender,…

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