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

PS defends move to seek additional funding of Ksh5 billion for the Hustler Fund

Sacco ReviewMay 26, 202503 mins

State Department for Micro, Small, and Medium Enterprises (MSMEs) Principal Secretary Susan Mang’eni, has defended the department’s move to seek additional funding of Ksh5 billion for the Hustler Fund. The PS while speaking during the 42nd Annual Institute of Certified Public Accountants of Kenya (ICPAK) Seminar in Mombasa, Mang’eni underscored the fund’s importance in providing…

Kajiado County Assembly register Bunge Sacco

Sacco ReviewMay 26, 202502 mins

Kajiado County Assembly staff and members of county assembly have registered a Sacco to empower themselves through credit, and investment opportunities. The Sacco dubbed Kajiado County Bunge Savings and Credit cooperative Society Limited received the registration certificate on 20th March 2025. Kajiado County Director of Cooperatives James Taiko commended the assembly for the move which…

Lewa conservancy agricultural expo equip 2000 farmers with agricultural skills

Sacco ReviewMay 23, 202505 mins

More than 2,000 farmers from Meru, Isiolo, and Laikipia counties gathered in Ngare Ndare for a hands-on agricultural expo organized by Lewa Wildlife Conservancy and partners. The farmers’ expo was intended to equip farmers with real, actionable solutions to boost crop yields, adapt to climate change, and protect natural resources. The event brought together farmers,…

Government pays sugar factory workers Ksh 600 million as part of arrears

Sacco ReviewMay 23, 202505 mins

The Kenya Union of Sugar Kenya Plantation and Allied Workers (KUSPAW) has confirmed receipt of Ksh 600 million as part of the arears owed to its members by the government. KIUSPAW secretary Francis Wangara said that it is the first phase of the Ksh. 5.3 billion owed to workers leaving Ksh. 4.7 billion in arears….

SACCOs urged to adopt new technology to compete effectively with banks

Sacco ReviewMay 23, 202502 mins

Savings and Credit Cooperative Organizations (SACCOs) have been challenged to adopt new technology to penetrate in the current business market. Speaking during leaders’ meeting and launch of Ushirika activities Cooperative Bank of Kenya vice chairman Macloud Malonza said saccos should also intensify investments in product development to endure the current market competition. Malonza said Saccos…

New Sacco registration suspended as new KUSCCO board takes over

Sacco ReviewMay 23, 202504 mins

The government has suspended registration of new Savings and Credit Cooperatives (SACCOs for a period of three months to allow reform of the sector. Speaking on Wednesday during the inauguration of the five-member Committee of Experts and new Kenya Union of Savings and Credit Co-operatives (KUSCCO) Board Cooperatives and Small and Medium Enterprises (MSMEs) Development…

SACCOs are preferred choice for affordable and accessible loans, KNBS survey indicates

Sacco ReviewMay 23, 202503 mins

Savings and Credit Cooperative Organizations in Kenya are emerging as a preferred choice for affordable and accessible loans as demand for housing in the country. According to the 2025 Economic Survey by The Kenya National Bureau of Statistics (KNBS), 31.8% of real estate firms partnered with SACCOs for financing arrangements in 2023, highlighting the growing…

DP confirms completion of Meru Industrial Park, affirms gov’t efforts to rejuvenate coffee industry

Sacco ReviewMay 23, 2025May 23, 202507 mins

The Deputy President Kithure Kindiki has confirmed that the construction of the Meru Aggregation and Industrial Park (CAIP) will be completed by the end of this year. DP Kindiki said the government is keen on completing and operationalizing the Meru Aggregation and Industrial Park by December. The national and county governments are building 47 CAIPs across…

Kitui County ,B2 Yatta Ranching Cooperative Society sign MoU to unlock economic potential

Sacco ReviewMay 22, 2025May 23, 202505 mins

The County Government of Kitui, led by Governor Dr. Julius Malombe, has signed a Memorandum of Understanding (MoU) with the B2 Yatta Ranching Cooperative Society Limited. The MoU was officially signed on Thursday, April 10, during a well-attended public ceremony that took place at the Governor’s Office Block Grounds in Kitui County. In an event…

Coffee Cooperatives tell Govt to focus on raising production, reject farmers’ direct payment plan

Sacco ReviewMay 22, 202508 mins

Coffee Cooperatives have urged the Government to focus on supporting farmers through their respective cooperative societies or unions to increase coffee production in the country. They argue that focus should be primarily on ensuring farmers have access to subsidized fertilizer, other farm inputs including chemicals and quality seedlings noting that this will put Kenya in…