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

There’s a need to fast-track recent laws approved by the Cabinet meant to improve SACCOs

Sacco ReviewJune 4, 2025June 4, 202504 mins

During a Cabinet meeting chaired by President William Ruto in March this year at State House, key amendments to the Sacco Societies Act, 2008, were approved in a bid to enhance the stability, efficiency, and competitiveness of the country’s Savings and Credit Cooperatives Societies (SACCOs). The proposed reforms, which are outlined in the Sacco Societies…

Malava Financial Services CBO to digitize its banking services

Sacco ReviewJune 4, 2025June 4, 202504 mins

As part of its plans to improve its services, Malava Financial Services has put in place stratehies aimed at digitizing its service to enable efficient service delivery. During its 16th Annual General Meeting held recently, the financial institution announced the introduction of mobile financing as one way of quickly and effectively serving its members. The…

CBK to pump KSh 180m into SafetyNet to Protect SACCO Cash

Sacco ReviewJune 3, 2025June 4, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…

Manufacturing sector’s contribution to Kenya’s GDP drop from 11.3% in 2010 to 7.3% in 2024

Sacco ReviewJune 3, 202505 mins

Kenya’s manufacturing sector’s contribution to Kenya’s GDP has been on a decline, this is according to the Kenya Association of Manufacturers (KAM). The association in a report to the National Assembly Departmental Committee on Finance and National Planning indicated that the sector contribution has been on the decline falling from 11.3% in 2010 to 7.3%…

Gov’t declares war on deadly farm chemicals

Sacco ReviewJune 3, 2025June 3, 202504 mins

Agriculture Cabinet Secretary Mutahi Kagwe has declared an all-out war on toxic farm chemicals, vowing to rid the country of hazardous substances. Speaking in Meru, Mutahi noted that cancer cases are on the rise and growing fears about food safety in the country. Kagwe’s announcement signals a new era for Kenyan farming, focusing on protecting…

President Ruto unveils the Kshs 120 billion landmark LV Marina master planned development in kisumu

Sacco ReviewJune 2, 2025June 4, 202505 mins

President Ruto led the groundbreaking ceremony of affordable homes named LV Point within LV Marina a first of its kind, privately governed, master planned waterfront development. The massive project in Kisumu is set to become a cornerstone of inclusive growth, sustainable urbanization, and national pride in a defining moment of support for Kenya’s urban and…

Kisumu Assembly wants the public to contribute to SHA to ease health burden

Sacco ReviewJune 2, 202504 mins

The County Assembly of Kisumu now wants everyone to contribute to the Social Health Authority (SHA) fund in order to enable it fully fund reproductive health services effectively. Seth Okumu, Member of County Assembly for East Seme, and a member of the health committee has said that its budgetary allocations have been hard hit by…

Murang’a County unveils Ksh.20B agribusiness investment potential in a bid to attract investors

Sacco ReviewJune 2, 2025June 4, 202505 mins

Murang’a County has unveiled more than Ksh.20 billion worth of investment-ready opportunities in the agriculture sector, setting the stage for a major agribusiness investment in the country, in a bid to attract investors. The announcement was made during a high-level pre-conference luncheon jointly hosted by the Kenya Development Corporation (KDC) and the Ministry of Investments,…

More SACCOs set up own Headquarters

Sacco ReviewMay 30, 2025June 2, 202508 mins

A number of rich, mature, and well-established Savings and Credit Cooperative Societies (SACCOs) are busy constructing their own ultra-modern head offices, moving away from rented premises, and getting their own office space. The idea behind this move by aging SACCOs to set up their own nerve centers is driven majorly by the desire to support…

Alarm over severe decline of donkey population, NGO calls for action

Sacco ReviewMay 30, 2025June 2, 202505 mins

Donkey population has reduced considerably and the situation is expected to worsen if nothing is done to protect the endangered animals, this is according to Africa Network for Animal Welfare (ANAW). The drop in number of donkeys is due to illegal slaughtering of the animals, the demand for their skins is still high and also…