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

CS Wahome calls for Affordable Housing Programme support amid financial shortfall

Sacco ReviewAugust 8, 202508 mins

Lands, Housing and Urban Development Cabinet Secretary (CS) Alice Wahome has called on private sector players to actively support Kenya’s Affordable Housing Programme, amid a massive Ksh326 billion annual financing shortfall. The CS announced that the government was exploring partnerships with commercial banks, retirement benefit schemes, mortgage schemes, SACCOs, development partners, and the wider business…

Senate committee approves affordable housing regulations

Sacco ReviewAugust 8, 202503 mins

The Senate Committee on Delegated Legislation has consented to the Affordable Housing Regulations 2025 to facilitate seamless implementation of the Affordable Housing Programme. Chaired by Senator Mwenda Gataya (Tharaka Nithi), the committee was taken through the objectives and key components of the proposed Regulations, which are set to guide the implementation of the Affordable Housing…

Fire destroys 54 stalls at Kisumu Bus Park, affecting 112 traders

Sacco ReviewAugust 7, 2025August 7, 202503 mins

A fire outbreak in the early hours of August 6, 2025, razed down 54 business stalls at the Kisumu Bus Park, directly affecting 112 traders and leaving behind massive destruction. The inferno, which began around 2:00 am, spread quickly before being contained by the Kisumu County Fire Brigade. The stalls destroyed included those dealing in…

Kisumu County acquires modern waste collection truck

Sacco ReviewAugust 7, 202505 mins

County Government of Kisumu has acquired a high-capacity modern waste collection truck to strengthen organic waste management efforts. The truck, launched at City Hall, is fitted with a 290-horsepower engine and a safety cabin to limit human contact with garbage. It can collect up to 15 tonnes of waste, equivalent to four conventional truckloads, and…

Government bans SACCOS from non-core investments amid financial crisis

Sacco ReviewAugust 7, 202507 mins

The government has barred all Savings and Credit Cooperative Societies (SACCOs) in Kenya from investing in non-core business activities until proper regulations and supervisory frameworks are in place. This decision comes amid rising concerns over financial mismanagement and instability within the SACCO sector, which has seen some cooperatives plunge into financial turmoil due to unregulated…

Treasury fast-tracks KPC stake sale to raise Ksh100 billion amid budget crisis

Sacco ReviewAugust 7, 202505 mins

The National Treasury has accelerated plans to sell a majority stake in Kenya Pipeline Company (KPC) as it seeks to raise Ksh100 billion to ease mounting financial pressure. The move comes as the government struggles to access funds from development partners and development finance institutions, prompting a shift toward privatization of profitable state corporations. Under…

Gov’t targets Narok, Bomet, Kericho and Nandi counties in coffee revival campaign

Sacco ReviewAugust 7, 202504 mins

The government has intensified efforts to revive Kenya’s coffee industry by extending sensitization meetings to Narok, Bomet, Kericho and Nandi Counties. The meetings are part of the ongoing Revival of Coffee through the Co-operative Societies Programme, led by New Kenya Planters Cooperative Union (New KPCU) and the Ministry of Cooperatives and MSMEs Development. This nationwide…

State upholds liquidation of Moi University Sacco, cites legal constraints

Sacco ReviewAugust 7, 202503 mins

The government has confirmed that the liquidation of the Moi University Savings and Credit Society (MUSCO) will proceed, despite protests and lobbying efforts by its members and local leaders. This decision, announced by Cooperative and MSME Development Cabinet Secretary Wycliffe Oparanya, follows a legal assessment that found no grounds for reversing the Sacco’s cancellation. Appearing…

Gatagua coffee farmers receive 30,000 seedlings in sector revival plan in Murang’a

Sacco ReviewAugust 6, 202502 mins

Farmers from Gatagua Coffee Farmers Cooperative Society in Murang’a County have received 30,000 coffee seedlings under the Revival of Coffee through Cooperative Societies Programme. The distribution was carried out by New Kenya Planters Cooperative Union (New KPCU PLC) as part of a nationwide effort to boost coffee production. The programme, led by New KPCU, targets…

How adjustments in Central Bank Rate (CBR) affect SACCOs’ lending business

Sacco ReviewAugust 6, 2025010 mins

An adjustment to the Central Bank of Kenya benchmark rate also known as the Central Bank Rate (CBR), a tool that provides a signal to guide how commercial banks charge customers for loans, has a significant effect on the way SACCOs do their lending business. “If commercial banks lower their lending rates below those offered…