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

SMEs challenged to leverage on technology for growth, sustainability

Sacco ReviewFebruary 21, 202508 mins

Small and medium-sized enterprises (SMEs) have been challenged to leverage on technology and adopt industry networks to position their businesses better for growth. Industry players noted that for small businesses to flourish, adoption of technology is key as it helps in data management, enhanced protection against cyber threats, facilitates improved service delivery and enables access…

SASRA warns cooperatives of dire consequences for mismanaging funds

Sacco ReviewFebruary 21, 202506 mins

The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…

County Government of Busia launches training initiative for SACCO managers

Sacco ReviewFebruary 21, 202503 mins

The County Government of Busia has launched a major initiative to streamline the disbursement of agricultural funds by training SACCO managers in proper financial management and accountability. The initiative aims to ensure that government resources allocated to farmers are effectively utilized to promote economic growth. During the training session for 126 SACCO managers from 14…

Government to implement decisive measures to curb Saccos’ financial mismanagement

Sacco ReviewFebruary 20, 202506 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises Development, Wycliffe Oparanya, has assured that the national government is taking decisive steps to curb financial mismanagement in Saccos across Kenya. His remarks follow the alleged misappropriation of KSh 82.8 million at the Kenya Union of Savings and Credit Cooperatives (KUSCCO), raising concerns over financial…

KUSCCO officials charged in connection with KSh83m theft freed on KSh14.5m bail

Sacco ReviewFebruary 19, 202503 mins

Former officials of Kenya Union of Savings and Credit Cooperatives Limited (KUSCCO) who have been charged in connection with theft of KSh83 m from the union have been released on a cumulative KSh14.5 million cash bail. The five George Magutu Mwangi, George Otieno, George Owino, Jackline Atieno and Mercy Muthoni were presented in court on…

LVTA CEO calls for decentralization of Tourism Regulatory Authority to boost community-based projects

Sacco ReviewFebruary 17, 2025February 17, 202505 mins

Lake Victoria Tourism Association Kenya (LVTA) CEO Charles Kataro now wants the Tourism Regulatory Authority functions decentralized to county governments to help oversee the implementation of community-based tourism projects. In his submission during a public participation forum on Tourism Policy and Tourism Amendment Bill 2024, in Kisumu, Kataro stated that the proposal would ensure revenue-sharing. He further…

Co-op Bank reduces base lending rate by 2 per cent to 14.5 per cent

Sacco ReviewFebruary 14, 2025February 20, 202505 mins

The Cooperative Bank of Kenya customers can now smile all the way to the bank after the leading lender in the country announced that it has reduced its lending rate by 2 per cent. In a statement dated February 10, 2025 and signed by the Group’s Managing Director and Chief Executive Officer Dr. Gideon Muriuki,…

Embu moves to have all boda boda riders join saccos

Sacco ReviewFebruary 13, 202508 mins

The County government of Embu has launched campaigns to bring more than 8ooo boda boda riders under Savings and Credit Cooperative Societies (SACCOs) in a bid ensure soberness, decency and profitable financial management in the industry. In one of the most elaborate ever collaborations between the riders and the devolved government, Embu Governor Cecily Njagi…

Kamuthi Farmers Co-operative Society looses Ksh10 Billion land to Nairobi County

Sacco ReviewFebruary 12, 2025February 12, 202507 mins

Kamuthi Farmers Cooperative Society Limited lost 176 acres of land in Kiambu worth Ksh 10 billion to Nairobi City County. The Sacco lost an appeal in court against the county government in pursuit of the land in a matter that has been prolonged in court for 33 years. Court of Appeal judges David Musinga, Sankale…

Tower Sacco expands to Nyeri as it marks 30th branch nationwide

Sacco ReviewFebruary 12, 202506 mins

Tower Sacco, one of Kenya’s leading Savings and Credit Cooperative Organizations, has officially opened its Nyeri branch, marking a significant milestone as the sacco now boasts 30 branches across nine counties. The grand opening was graced by H.E. David Kinaniri Waroe, representing Nyeri Governor H.E. Mutahi Kahiga, PhD., EGH. In his address, Waroe commended Tower…