Magarini Sub-County Cooperative Officer, Edward Fondo speaking at his office. Photo by Tsozungu Kombe
Cotton farmers in Magarini urged to form SACCOs to improve livelihoods
Cotton farmers in Magarini Sub-County, Kilifi County, have been urged to form Savings and Credit Cooperative Organizations (SACCOs) and invest strategically to improve their living standards. Speaking to Sacco Review in his office in Marafa Town, Magarini Sub-County Cooperative Officer, Edward Fondo, noted that many cotton farmers in the area have yet to form Saccos….
Former CEO of Eco Pillar SACCO arrested in connection with KSh 100 million fraud
The former CEO of Eco Pillar SACCO, Linus Lokira, has been arrested in connection with a major financial fraud that allegedly resulted in a loss of over KSh 100 million to the institution. The suspect was taken into custody on April 26 by police in Kapenguria. OCS Evans Mose confirmed the arrest , stating that…
EALA MP Maina Karobia-Photo|Courtesy
Sacco leaders reject proposed merger Bill, warn of job losses and threat to small institutions
A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…
Some of the Banks in Kenya. File image
Banking sector dominates NSE dividend season as sixteen listed firms line up billions for shareholders
Kenya’s banking industry is once again cementing its dominance as the engine of shareholder returns on the Nairobi Securities Exchange (NSE), with at least seven banks among sixteen listed companies that have declared or announced dividends in what is shaping up to be one of the busiest pay-out seasons of 2026. The declarations, compiled by…
Daima Sacco annual members during the education forum. Photo Courtesy
Daima Sacco trains members on financial literacy
Daima Sacco Society Limited has intensified efforts to promote financial literacy among its members, with a strong focus on empowering young people to build secure financial futures. The recent annual members’ education session attracted significant engagement, with over 70 percent of participants drawn from the youth demographic. The session centered on practical approaches to saving…
When SACCOs lose their soul: Mismanagement, family control, no dividends, and the illusion of opulence
SACCOs (Savings and Credit Cooperative Organisations) are founded on a simple promise—members pool savings, trust leadership, and share in financial growth through affordable credit and annual dividends. In their ideal form, SACCOs represent discipline, transparency, and collective progress. But when governance weakens, and accountability fades, that promise can slowly transform into mismanagement, inequality, and eventually…
Lamu West farmers, cooperatives get Ksh 12.4 million boost under FSRP inclusion grants
Farmers and cooperative societies in Lamu West Sub-county are set to transform their agricultural operations after the County Government of Lamu disbursed over Ksh 12.4 million in inclusion grants under the Food Systems Resilience Program (FSRP), marking a significant step toward strengthening food security in the region. Lamu Governor Issa Timam presided over the phase…
Nyamira Governor Amos Nyaribo (c) alongside New KPCU Chairman Daniel Chemno after signing partnership deal to boost coffee farming. Photo Courtesy
New KPCU, Nyamira County seal partnership to revitalize coffee farming
The New Kenya Planters Co-operative Union (New KPCU) and the County Government of Nyamira have sealed a new partnership to breathe fresh life into coffee farming in Nyamira County, signaling renewed efforts to restore the crop as a cornerstone of the local economy. The agreement, formalized through a Memorandum of Understanding (MOU) signed on Tuesday,…
Perminus Kariuki, Nyota Njema CEO, speaks to journalists at the Depedable Brands awards ceremony in Nairobi.
Business players urge govt to create conducive environment for economy growth
As the country gears towards 2027 general elections and leaders jostle for votes, the business fraternity is faced with uncertainties on the fate of their ventures. Historical trends indicate that while some sectors might see temporary boosts from political spending, the overall business environment usually experiences a “wait-and-see” approach. Investors, both local and foreign, typically…
Kajiado County Assembly Committee on Gender, Culture, Cooperatives, Tourism and Wildlife chair Naisiae Karia-Photo|Courtesy
Kajiado Assembly committee proposes reforms to strengthen women economic empowerment fund
The Kajiado County Assembly’s Committee on Gender, Culture, Cooperatives, Tourism and Wildlife has unveiled a series of far-reaching recommendations aimed at sealing loopholes and improving accountability in the Women Economic Empowerment Fund. The committee, chaired by nominated Member of County Assembly Naisiae Karia, is pushing for structural reforms to ensure the revolving fund benefits genuine…
