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

Jumuisha Sacco records remarkable achievement, growth amid challenges

Sacco ReviewMay 15, 2025May 15, 202504 mins

Jumuisha Sacco Society Limited in Bondo and Rarieda sub counties have witnessed remarkable achievement and growth amidst glaring challenges of the tough past year (2024). Sacco chairperson Everline Otieno speaking during the 25th AGM in Bondo town disclosed that the society has been resilient to weather the numerous trials and strived to offer the best services…

Mps slam gov’t over hasty decision, lack of public participation on sugar factories lease

Sacco ReviewMay 14, 2025May 15, 202507 mins

Six Kisumu County Members of the National assembly have slammed the national government for hastily leasing out sugar factories without public participation and local stakeholders’ engagement. They have demanded immediate revocation of the 30-year lease of Muhoroni, Chemelil, and Miwani Sugar Mills through a Presidential Executive Order. By rejecting the opaque leasing, the legislators from…

CS Oparanya backs leasing of state-owned sugar factories as new strategic managers take over

Sacco ReviewMay 13, 202508 mins

Cooperatives cabinet secretary, Wycliffe Oparanya, has strongly backed the government’s decision to lease state-owned sugar factories, saying the move is long overdue and critical to reviving a struggling sector. Speaking as the transition process officially began, Oparanya disclosed that most of the state-owned mills were in deep financial crisis, with many operating at a loss for…

State halts gambling ads to curb addiction

Sacco ReviewMay 13, 2025May 13, 202505 mins

The Government has imposed an immediate 30-day ban on all gambling advertisements across media platforms in a move to combat the normalization of gambling and its negative effects on society. The directive was issued by the Betting Control and Licensing Board (BCLB) under the Ministry of Interior, led by Chairperson Dr. Jane Mwakali Makau. A…

Senators evaluate ongoing agricultural initiatives in Bungoma County

Sacco ReviewMay 13, 202503 mins

Senators have conducted an oversight visit to Bungoma County to evaluate ongoing agricultural initiatives and engage with local stakeholders on sectorial challenges. The senators under the Senate Standing Committee on Agriculture, Livestock and Fisheries, chaired by Senator David Wafula Wakoli of Bungoma County first paid a courtesy call to the County Governor Kenneth Lusaka who…

DP asserts government efforts to rescue economy through advanced policies, strategies

Sacco ReviewMay 13, 202507 mins

Deputy President Prof. Kithure Kindiki has confirmed that the government has developed policies to rescue the economy and ensure farmers get the highest earnings from their produce. Speaking at a Thanksgiving mass at Riiji Catholic church service in Central Imenti constituency, Meru, the deputy President said Kenya Kwanza administration has already developed strategies and policies to…

Gov’t leases four sugar companies as it completes 30-year lease agreement

Sacco ReviewMay 10, 2025May 10, 202504 mins

The Government has completed a 30-year lease agreement, outlining how the four state owned sugar factories will be leased out to private entities. In a press statement agriculture cabinet secretary Mutahi Kagwe says that following the broad-based consultations, the following companies have been awarded a 30-year lease for the operation of the four sugar factories:…

Government to settle sugarcane farmers, millers’ arrears before lease team takes over

Sacco ReviewMay 10, 202506 mins

The government is expected to settle arrears owed to both farmers and workers before the handover of the four sugar milling factories to private millers. According to a statement released by Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe; the government last year paid out over Ksh. 1.7 billion to sugarcane farmers to clear arrears…

Finance Bill 2025: Gov’t slashed digital assets tax on crypto, NFTs to 1.5%

Sacco ReviewMay 10, 2025May 10, 202506 mins

The National Treasury is slashing the three per cent levy on digital assets trade introduced in 2023 by half to 1.5 per cent in the 2025 Finance Bill. A digital asset is anything identifiable that is created and stored digitally and has or provides value. The tax has targeted people dealing in crypto currencies and non-fungible tokens…

Equity Group, African Guarantee Fund strike Ksh.64B deal to boost MSMEs in Africa

Sacco ReviewMay 10, 202504 mins

Equity Group and the African Guarantee Fund (AGF) have renewed and expanded their strategic partnership in a groundbreaking Ksh.64 billion which seeks to accelerate access to finance for Micro, Small, and Medium Enterprises (MSMEs) across East and Central Africa. The facility is expected to unlock Ksh.129.5 billion in lending and sustain over 50,000 jobs, especially…