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

Cooperative Movement in Africa honored at 2025 World Credit Union Conference

Sacco ReviewJuly 17, 202504 mins

The Cooperative Movement in Africa has been honored at the 2025 World Credit Union Conference where different officials were awarded. Amb. Emmanuel O. Darko, ACCOSCA Goodwill Ambassador and Former Chief Executive Officer of the Ghana Cooperative Credit Unions Association, awarded with the Prestigious 2025 Distinguished Service Award – the highest cooperative honor bestowed by World…

Gov’t to establish Jumuiya Market in Kisumu to strengthen EAC cross-border trade

Sacco ReviewJuly 17, 202508 mins

East African Community Affairs Principal Secretary Dr Carolyn Karugu has revealed that the government plans to establish a Jumuiya Market in Kisumu to strengthen cross-border trade within the EAC and connect local traders to broader regional markets. Karugu said the flagship initiative under her State Department targets the EAC’s 130 million consumers, positioning Kisumu as…

Vihiga Dairy farmers rebel against county interference in cooperative leadership

Sacco ReviewJuly 17, 202506 mins

Farmers associated with the Vihiga Dairy Cooperative Society have expressed strong opposition to the Vihiga County Government’s attempts to impose new managerial and accounting personnel upon their organization. This contention escalated during a meeting held at the cooperative’s premises, convened by county cooperative officials with the stated aim of briefing members on proposed leadership transitions….

KCB given greenlight to sell 7 houses in Ksh446 million loan recovery

Sacco ReviewJuly 16, 2025July 16, 202504 mins

Kenya Commercial Bank (KCB) is set to sell 7 residential units, owned by real estate developer Mahugu Limited, to recover a substantial loan amount. This comes after the court cleared the bank to proceed in the loan recovery spree. The ruling by Justice Peter Mulwa comes amidst a Ksh446 million loan dispute and claims by…

State to save Ksh1.5 billion annually as cargo clearance fees reduces by up to 90%

Sacco ReviewJuly 16, 202504 mins

The government has announced significantly reduced customs clearance fees for public-owned cargo, with charges now set at less than 0.6 percent of the total Cost, Insurance, and Freight (CIF), a substantial decrease from the 1.5 to 6 percent typically levied by private clearing and forwarding firms. This strategic move, spearheaded by the State Department for…

Government moves to purge ghost beneficiaries from Inua Jamii programme

Sacco ReviewJuly 16, 202503 mins

The State Department for Social Protection has announced a major overhaul of the Inua Jamii cash transfer system, aimed at eliminating ghost beneficiaries and halting payments to deceased individuals. The move follows revelations that funds have continued to be disbursed to people who died long ago, exposing loopholes in the programme’s verification process. On Monday…

2025 World Credit Union Conference kicks off in Sweden

Sacco ReviewJuly 16, 2025July 16, 202504 mins

The 2025 World Credit Union Conference (WCUC) kicked off on Monday, July 14, in Stockholm, Sweden and will run through Wednesday, 16 July 2025. Organized by the World Council of Credit Unions (WOCCU), this year’s conference — themed “The Future is Cooperative” — brings together global cooperative leaders to share insights, shape policy, and strengthen…

Committee on Cooperatives question PS over delay in rollout of Nyota program

Sacco ReviewJuly 15, 202504 mins

Members of the National Assembly Committee on Trade, Industry and Cooperatives have questioned the delay in rolling out the National Youth Opportunities Towards Advancement (NYOTA) programme. The programme would have seen 70 Youths in all the wards in the country receive a grant of Sh50, 000 to either start or expand business. The MPs led…

President Ruto commends cooperative sector, highlights key achievements during Ushirika Day 2025

Sacco ReviewJuly 15, 2025010 mins

President William Ruto has commended the cooperative sector for creating jobs, enhancing rural livelihoods, and unlocking the full potential of the country’s economic growth as he highlight key achievements in the sector through his administration. In his speech read by Prime Cabinet Secretary Musalia Mudavadi during International Cooperative Day Celebrations at KICC, Nairobi on 12th…

Government approves Ksh6.6 billion debt waiver for coffee cooperatives

Sacco ReviewJuly 15, 202503 mins

The government has approved a Ksh6.6 billion debt waiver for coffee cooperative societies in coffee-growing counties, aiming to relieve farmers of long standing financial burdens. President William Ruto made the announcement through a speech delivered by Prime Cabinet Secretary Musalia Mudavadi during the 103rd Ushirika Day Celebrations at the Kenyatta International Convention and Conference Centre…