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

Government agrees to withdraw contested fisheries Bill following stakeholder pressure

Sacco ReviewMay 8, 202505 mins

The Ministry of Mining, Blue Economy and Maritime Affairs and the Council of Governors (CoG) have agreed to jointly petition Parliament to withdraw the Fisheries Management and Development Bill (2023) and initiate a fresh, inclusive review process in a major win for fisheries stakeholders across Kenya. The decision was reached following a high-level presentation made…

Ambassador Kiringo promises to end miraa trade crisis in Somalia

Sacco ReviewApril 28, 2025April 28, 202505 mins

The Kenya ambassador to Somalia Kubai Kiringo has promised to help in the fight to end miraa business crisis in the country. Speaking at the Meru county governor’s residence during the swearing in ceremony of the County Executive Committee Members, Kiringo said several factors have hindered the business for years noting stringent measures have to…

Stop overtaxing companies FKE urges President Ruto

Sacco ReviewApril 28, 202505 mins

The Federation of Kenya Employers(FKE) have urged President William Ruto to stop overtaxing industries and Companies in Kenya, prompting high risk of closure and migrate to the neighboring countries in East and Central Africa. Speaking in Nakuru City during The FKE Regional Annual General Meeting held at Waterbuck Hotel Executive Director Dr.Jacqueline Mugo said companies…

Busia women entrepreneurs boosted through economic empowerment training

Sacco ReviewApril 28, 202503 mins

Women entrepreneurs in Busia County have received a significant boost through a new economic empowerment program aimed at enhancing their skills in entrepreneurship and financial management. The initiative, launched this week, is a partnership between the County Government of Busia, Stanbic Bank Foundation, and Kenya Industrial Estates. It targets women in micro and small enterprises,…

Sugar Board calls for cane development investment to curb shortages

Sacco ReviewApril 26, 202506 mins

The Kenya Sugar Board (KSB) has made an earnest appeal to sugar milers across the country to invest in cane development in order to address the recurrent shortages occasionally experienced. KSB chairman Nicholas Gumbo noted that a number of millers were not keen on investing on cane development hence causing ripples within the sugar industry….

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…