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PS Kilemi joins cooperative leaders at SACCA Congress

Sacco ReviewOctober 14, 202605 mins

Cooperatives PS Patrick Kilemi joins African cooperative leaders at the 2026 SACCA Congress in Tanzania. Delegates call on Saccos to expand access to affordable loans and strengthen services for members. The congress focuses on trust, digital innovation, governance and partnerships to boost Sacco sustainability across Africa. Principal Secretary (PS) for Cooperatives Patrick Kilemi has joined…

Tea factories in Rift Valley warned over poor performance

Sacco ReviewOctober 14, 2026October 14, 202605 mins

Four Rift Valley tea factories face possible management changes and prosecution over poor performance. The government has issued corrective targets and deadlines to improve efficiency and increase farmers’ earnings. Officials warn that corruption and mismanagement will attract criminal proceedings as scrutiny of factory operations intensifies. Four tea factories in the western Rift Valley face possible…

Meru, Tharaka Nithi tea farmers demand levy scrapping

Sacco ReviewOctober 14, 2026October 14, 202604 mins

Meru tea farmers demand scrapping of the 0.8 per cent levy following disappointing bonus payouts. Bonus rates varied widely across factories, with Michiimikuru recording one of the region’s lowest payments. Farmers and leaders blame rising regulatory costs and shipping expenses for shrinking earnings, urging tax relief and new markets. Tea farmers in Meru and Tharaka…

Tower Sacco hosts four organisations in empowerment talks

Sacco ReviewOctober 14, 202602 mins

Tower Sacco has hosted four organisations at its headquarters for discussions on potential collaboration around financial and economic empowerment. The delegation brought together representatives from the Micro Enterprises Support Programme Trust (MESPT), East Africa Market Development Associates (EAMDA), NCBA CLUSA International and Women’s Empowerment Link (WEL). Tower Sacco Chief Executive Officer Patrick Njenga received the…

Nairobi coffee auction fetches Sh695 million in Sale 2

Sacco ReviewOctober 14, 2026October 14, 202603 mins

Nairobi Coffee Exchange (NCE) sold 15,072 bags on October 13, 2026, earning Ksh695 million as buyers cleared almost every lot offered. Sale 2 of the 2026/2027 season brought 958 lots from 15 marketing agents to the floor. Together they weighed 932,861 kg. Gross value reached US$5.35 million, and the average price settled at US$287 for…

Njuki vows to defend devolution, push county funding to Sh500bn

Sacco ReviewOctober 14, 202607 mins

Njuki pledges to defend devolution against political interference as he takes over leadership of the Council of Governors. He plans to push for Ksh500 billion in county funding and strengthen engagement with Parliament. Njuki vows to pursue stalled development projects and improve funding to support service delivery across the 47 counties. Tharaka Nithi Governor Muthomi…

Kakamega boda boda Sacco launched to boost riders’ savings

Sacco ReviewOctober 14, 202607 mins

Kakamega boda boda riders have formed a Sacco to strengthen savings and improve their livelihoods. The initiative follows training on road safety, financial literacy and the benefits of collective savings. The Sacco plans to help members access loans, acquire motorcycles and property, and create jobs for young people. Boda boda riders in Kakamega County have…

Naipa seeks to freeze New KCC assets over Sh420 million claim

Sacco ReviewOctober 13, 202606 mins

A supermarket has moved to court over a dispute with the dairy processor. Planned restructuring at the state-owned firm has raised concerns over the recovery of disputed funds. The legal battle stems from a distribution agreement that provides for arbitration. Naipa Supermarkets Limited has moved to the High Court in Lodwar seeking orders to freeze…

Livestock takes nearly half of AFC’s Sh19.91B loans

Sacco ReviewOctober 13, 202606 mins

Livestock farming has emerged as the largest beneficiary of AFC’s agricultural lending since 2022. Saccos and microfinance institutions are helping extend agricultural credit to farmers through a dedicated financing facility. Agro-processing remains a smaller part of AFC’s lending despite its potential to boost value addition in agriculture. The Agricultural Finance Corporation (AFC) has advanced Ksh19.91…

Dormant members account for 24pc of Sacco membership

Sacco ReviewOctober 13, 202604 mins

Sacco membership continues to grow, but a rising share of members are becoming inactive. Dormancy rates reveal a widening gap between deposit-taking and non-withdrawable deposit-taking Saccos. SASRA is urging Saccos to investigate why members go inactive and develop products to bring them back. Dormant members now account for 24.14 percent of all members in regulated…