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

Over 1,200 Bodaboda Operators Empowered in Kakamega through Watu Credit Initiative

Sacco ReviewApril 24, 202504 mins

In a groundbreaking initiative, over 1,200 Bodaboda operators in Kakamega have been transformed into entrepreneurs, thanks to the efforts of Watu Credit, an asset financing institution. This week, Watu Credit launched the “Watu Credit Clinic Project,” aimed at empowering various entrepreneurs in the Bodaboda sector across the country. During the launch, project lead officer Duncan…

Gov’t announces airport expansion, set Kisumu city international trade hub

Sacco ReviewApril 24, 202505 mins

The government has announced plans to expand Kisumu International Airport aimed at positioning the lakeside city as a hub for international trade. Speaking during a funeral at Wathorego village in Kisumu East Sub-County, the State House deputy chief of staff Eliud Owalo said the expansion will include the extension of the airport’s runway and the…

Former KUSCO directors fight directive of removal from Saccos office

Sacco ReviewApril 22, 2025April 22, 202503 mins

Kenya Union of Savings and Credit Cooperatives (KUSCCO) former directors who were removed from office are now fighting a directive for their removal from positions they hold in their respective Saccos. The former directors who are now directors and executives in various Sacco were removed from KUSCCO office after disbandment of the KUSCCO board by…

Kirinyaga coffee farmers reap big as season payouts released

Sacco ReviewApril 21, 202508 mins

Coffee farmers in Kirinyaga have a reason to smile following the release of huge payout rates for the 2024/2025 season. Already 27 coffee factories out of the 75 wet mills have announced a payout of between sh100 and sh.145 per kilogramme for the cherry. Gacami Coffee factory under the Baragwi Farmers Cooperative Society made the…

Parliament passes Anti-Money Laundering Laws Bill, proposes to amend Sacco Act

Sacco ReviewApril 18, 202507 mins

The National Assembly has passed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The bill will see amendment of the Sacco Societies Act (Cap. 490B), empowering the Sacco Societies Regulatory Authority (SASRA) in regulating the Saccos, the societies have mobilized deposits of members to the tune of more than ksh 1…

DP decries the slow construction of the Aquaculture and Fisheries centre

Sacco ReviewApril 18, 202505 mins

Deputy President Prof. Kithure Kindiki has expressed concerns over the delay of Sh1.3 billion Kabonyo Kanyagwal Aquaculture and Fisheries Centre in Nyando sub-county, Kisumu County, saying it might not meet its set timelines. The DP said the multi-billion-shilling initiative, which is currently 15% complete should now be jumpstarted, calling on the contractors on site to…

Joy as Imenti Central groups receive Kshs 6.9 million from Uwezo fund

Sacco ReviewApril 18, 2025April 18, 202504 mins

Imenti Central Member of Parliament Moses Kirima has disbursed Kshs 6.9 million Uwezo Fund to over 80 local groups comprising youth and women in a bid to promote self-reliance and small-scale entrepreneurship. Speaking after disbursing cheques to groups, the law maker emphasized that the money is interest-free and meant for development-focused groups. Kirima also noted…

Meru Governor assent the Coop amendment bill

Sacco ReviewApril 18, 202505 mins

Meru Governor Isaac Mutuma has assented to the Cooperative Societies Amendment Bill aimed at strengthening governance of the cooperative movement. The assentment ceremony, held at the county headquarters, was attended by members of the County Assembly, representatives of cooperative societies, and various stakeholders from finance and agricultural sectors. Governor Mutuma, while speaking at the ceremony,…

CS declares war on deadly farm chemicals

Sacco ReviewApril 18, 2025April 18, 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 recently, the CS 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…

Senator petition Senate to probe collapse of Metropolitan SACCO

Sacco ReviewApril 17, 2025April 17, 202503 mins

Nominated Senator Tabitha Mutinda has petitioned the Senate to urgently probe the financial collapse of Metropolitan National SACCO Limited. Auditors had uncovered Kshs12 billion loss, over 75,000 members were unable to access their savings. Senior officers were dismissed and replaced by a caretaker committee in 2022. In a Statement to the Senate Committee on Trade,…