Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
North Imenti MP Rahim Dawood has urged President William Ruto to order an audit on Hustlers Fund in a bid to unravel how Ksh 6 billion was lost. The Hustler Fund, a flagship government initiative aimed at empowering low income Kenyans through accessible credit, is now grappling with a massive Ksh 6 billion loss, money loaned…
The Government has intervened with consistency and focus to ensure sugarcane growers receive fair returns for their deliveries, president William Ruto has said. The president said the move is aimed at ensuring that they get paid in full and on time. To anchor these gains sustainably, Ruto said they must recognize that increasing the efficiency…
State Department of Cooperatives, Secretary Administration, Amos Mariba and officials from the Ministry and Busia County Government have officially handed over the Luanda Cooperative Society ginnery, located in Samia Sub-County, to the appointed contractor. The State Department has also allocated Ksh. 20 million for the completion of Phase II of the project, which aims to…
President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…
The High Court has thrown out a petition filed by former officials of the troubled Metropolitan National Sacco, who were seeking to block investigations into financial mismanagement uncovered nearly three years ago. Lady Justice Aburili Roselyne Ekirapa, in a ruling delivered on May 21, 2025, rejected the plea and directed the disgruntled officials to seek…
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…
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…
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…
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%…
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…
