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

Umowa Sacco launches 9 new Matatus to enhance transport services in Machakos

Sacco ReviewJune 19, 202604 mins

UMOWA Sacco has unveiled a new fleet of nine matatus in a move aimed at improving public transport services and creating employment opportunities in Machakos County and the surrounding region. Machakos Governor Wavinya Ndeti flagged off the vehicles on Friday outside the County Department of Roads and Public Works offices, reaffirming her administration’s commitment to…

SMEs show strong optimism as mobile money drives growth and digital confidence- Mastercard study

Sacco ReviewJune 19, 202605 mins

Kenya’s small and medium enterprises (SMEs) are entering the year ahead with renewed optimism in mobile money and digital payments. A new Mastercard SME Confidence Index reveals that 66 percent of SMEs are confident about their business outlook, while 70 percent expect revenue growth over the next 12 months. The survey credits Kenya’s deep digital…

National Assembly passes Finance Bill 2026, awaits presidential assent

Sacco ReviewJune 19, 202603 mins

The National Assembly has approved the Finance Bill 2026, clearing the way for the government to raise revenue for the Sh4.8 trillion budget in the 2026/27 fiscal year. The Bill sailed through its Third Reading on Thursday evening, June 18, 2026, after 122 Members of Parliament voted in favour, against 40 opposed, with no abstentions…

Kenya’s investment climate strengthened through IFC collaboration and transformational agenda 2026-2028

Sacco ReviewJune 19, 202608 mins

Kenya has intensified its drive to position itself as a premier investment destination in Africa following a high-level Donor, Development Partner, and Private Sector Roundtable convened by Invest Kenya in collaboration with the International Finance Corporation. The forum brought together development partners, private sector leaders, and investment stakeholders to explore strategic collaboration opportunities aimed at…

Nairobi coffee market Nets KSh31.7 billion in eight months of trading

Sacco ReviewJune 19, 202603 mins

The Nairobi Coffee Market has generated KSh31.7 billion in just eight months of trading, underscoring the sector’s resilience and growing confidence among farmers. Between October 1, 2025, and May 12, 2026, the market, managed by the Nairobi Coffee Exchange (NCE), auctioned 602,973 bags in the 2025/2026 coffee year. Reports show that Alliance Berries Limited led…

SACCO assets surpass Ksh1.2 trillion in first quarter of 2026

Sacco ReviewJune 18, 2026June 18, 202603 mins

SACCO assets exceeded Ksh1.2 trillion following a 12.28 per cent year-on-year increase. Gross loans reached Ksh951 billion, underscoring growing member borrowing and SACCO confidence Land and housing attracted the highest SACCO lending, followed by education and agriculture. By Mercy Kokwon Regulated Savings and Credit Cooperative Societies (SACCOs) recorded strong growth in the first quarter of…

Mwalimu National Sacco, NCBA roll out Salo Xpress to cut payroll delays

Sacco ReviewJune 17, 202604 mins

Mwalimu National DT Sacco has partnered with NCBA Bank Kenya to unveil a digital payroll solution that promises to slash salary processing times from hours or even days to mere minutes. The platform, branded Salo Xpress, was launched on Wednesday at Mwalimu Towers in Nairobi as part of the Sacco’s wider digital transformation agenda aimed…

County Assembly motion fails as Machakos proceeds with land rate collection under approved valuation roll

Sacco ReviewJune 17, 2026June 17, 202603 mins

The County Government of Machakos will continue collecting land rates under the existing law, despite a motion by the County Assembly seeking to suspend the process. Lands Executive Committee Member Nathaniel Nganga said the Assembly had already approved the valuation roll — the legal basis for the new rates — and cannot reverse the process…

KNBS urges Saccos, financial institutions to launch affordable investment products

Sacco ReviewJune 17, 202604 mins

A report by the Kenya National Bureau of Statistics (KNBS) has urged Savings and Credit Cooperative Societies (SACCOs) to develop simple, reliable, and affordable investment products that can attract and channel remittances into productive investments. The report, titled 2025 Remittances Household Report, also urged financial institutions and county governments to develop simple, reliable and affordable…

Ahero irrigation scheme secures Ksh 5.1Bn upgrade to cut farming costs

Sacco ReviewJune 17, 202603 mins

The Ahero Irrigation Scheme in Kisumu County is set for a major transformation following the allocation of Ksh 5.1 billion to modernize its irrigation infrastructure and transition to solar-powered operations, a move aimed at reducing production costs and enhancing agricultural productivity. The funding package includes Ksh 4.2 billion from the Japan International Cooperation Agency (JICA),…