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

Mobile money agent transactions hit 3-year low amid rising living costs

Sacco ReviewApril 22, 202604 mins

Kenyans are cutting back on the use of mobile money agents, with transaction values dropping to their lowest level in nearly three years as households grapple with rising living costs and shrinking disposable incomes. According to data from the Kenya National Bureau of Statistics (KNBS), the total value of transactions handled by telco and bank-linked…

State unveils strategy to transform sugar sector into bio-economy and energy hub

Sacco ReviewApril 22, 202603 mins

Kenya is in the process of transforming the vast sugar sector into a bio-economy and energy hub through a decisive shift from traditional sugar production to a diversified agro-industrial model focused on ethanol and renewable energy. Addressing the Informa Africa Sugar Conference, the Kenya Sugar Board (KSB) CEO and Chairman of the International Sugar Organization…

Ex-Mwietheri SACCO employee charged in alleged Ksh8.9 million fraud

Sacco ReviewApril 22, 202603 mins

A former employee of Mwietheri Savings and Credit Co-operative Organization (SACCO) Ltd has been charged with alleged fraud involving more than Ksh 9 million, following investigations by specialised detectives attached to the Sacco Societies Regulatory Authority (SASRA). Alfred Maina Munene was arraigned before the Gichugu Law Courts on Tuesday April 21, a day after his arrest…

Kenya tightens lending rules in sweeping credit sector overhaul

Sacco ReviewApril 22, 202606 mins

Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and Savings and Credit Cooperatives (SACCOs) assess and issue loans. The proposed reforms seek to tighten lending standards, curb rising household debt, and introduce structured support mechanisms for borrowers struggling with repayments. Shift in…

Ministry of Trade, KIPI bank on Geographical Indications Bill to create jobs, boost farmers’ income

Sacco ReviewApril 21, 202606 mins

The Kenya Industrial Property Institute (KIPI) in conjunction with the Ministry of Investments, Trade and Industry is banking on the proposed Geographical Indications Bill, 2026, to transform Kenya’s agricultural and industrial sectors by boosting farmers’ incomes, creating jobs and positioning local products in premium global markets. The draft law seeks to establish a legal framework…

Gov’t rolls out second phase of NYOTA youth entrepreneurship training

Sacco ReviewApril 21, 2026April 21, 202603 mins

The government has officially kicked off the nationwide rollout of the second phase of classroom business skills training under the National Youth Opportunities Towards Advancement (NYOTA) Project, marking a major step in its effort to empower youth entrepreneurs across the country. The training, which began on April 20, Monday morning, is being conducted simultaneously in…

Government warns Saccos against borrowing to pay dividends

Sacco ReviewApril 21, 202603 mins

The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…

Airport Sacco faces KSh49.9 million loan default by former officials and staff

Sacco ReviewApril 20, 202603 mins

Airport Sacco is grappling with a massive loan default amounting to KSh49.96 million, owed by former board members and employees, according to a Supervisory Committee report presented ahead of the institution’s Annual General Meeting. The report reveals that the former Chief Executive Officer alone owes KSh27 million, while the former chairman is indebted to the…

Kakamega Governor Fernandes Barasa addressing residents recently.

Kakamega women, youth benefit as County disburses Ksh 12 Million to boost income generating projects

Sacco ReviewApril 20, 202604 mins

Women self-help groups and youth from Kakamega County are smiling after the County Government of Kakamega has disbursed Ksh 12 Million to help them boost their income generating projects. According to the County, 120 groups of the County Youth Service and Women Empowerment Programme (CYSWEP) in all the 60 wards and each ward which has two registered…

Sugar sector transporters want regulations put in place to weed out cane cartels

Sacco ReviewApril 20, 202605 mins

Transporters in the sugar sector now want the Kenya Sugar board to come up with regulations in order to make cane farming ventures more profitable. Led by the National Chairman of the Sugar Sector Transporters Association of Kenya (SSTAK) Dr. Paul Orengo, they said the regulations will go a long way in weeding out cartels…