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

Saccos are financial shock absorbers, says Stima Sacco CEO

Sacco ReviewJuly 9, 202604 mins

Stima DT Sacco Chief Executive Officer Dr. Gamaliel Hassan has highlighted the vital role Savings and Credit Cooperative Societies (SACCOs) play in shielding members from economic shocks amid rising living costs. Speaking during an interview with Radio Generation on Thursday, July 9, Dr. Hassan said persistent inflation, both locally and globally, has significantly reduced people’s…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA retains 8 per cent rate across fringe benefit, deemed and low-interest taxes

Sacco ReviewJuly 9, 202605 mins

The Kenya Revenue Authority (KRA) has retained the prescribed interest rate at 8 per cent across three separate tax categories; the Fringe Benefit Tax, deemed interest and low interest benefit. In a public notice issued on July 8, 2026, the tax man said that the three categories will run on different timelines through the rest…

Court orders gov’t to disclose details of duty-free rice importation programme

Sacco ReviewJuly 9, 202605 mins

The High Court in Kisumu has ordered the government to publicly disclose details of its controversial duty-free rice importation programme, requiring key State agencies to explain how the scheme is being implemented. High Court, Justice Alfred Mabeya issued the directive after certifying as urgent a petition filed by the Ahero Rice Farmers Association, which is…

PS Hinga faces contempt sentencing amid 85 lawsuits over Affordable Housing Programme

Sacco ReviewJuly 9, 202604 mins

Housing Principal Secretary (PS) Charles Hinga has revealed that he is battling more than 85 court cases tied to his role in the Affordable Housing Programme, among them a contempt of court matter in which he was due to be sentenced on Wednesday, July 8, “I have over 85 cases that I am defending. This…

Cooperatives champion unity and tight governance amid regional expansion

Sacco ReviewJuly 9, 202606 mins

Leaders of major Savings and Credit Cooperative Societies (Saccos) are calling for heightened unity, strict governance and strategic market cooperation to secure members’ wealth and drive sustainable economic growth. Speaking during the 104th Ushirika Day celebrations held at the Gusii Coffee Farmers Cooperative Union (GCFCU) in Kisii Central, regional industry leaders emphasized that market expansion…

Kenya beats Tanzania to land Dangote’s KSh2.59 trillion refinery in Lamu

Sacco ReviewJuly 9, 2026July 9, 202606 mins

Kenya edged out Tanzania after Dangote Group weighed a combination of geographical positioning, existing infrastructure and commercial viability Nigerian billionaire Aliko Dangote has settled on Lamu as the site for his long-anticipated East African oil refinery, closing months of uncertainty over whether the multibillion-shilling project would rise on Kenya’s coast or in Tanzania’s port town…

Kenya’s new Sovereign Wealth Fund explained in simple terms

Sacco ReviewJuly 9, 2026011 mins

President William Ruto has signed the Sovereign Wealth Fund Act into law, marking a new chapter in Kenya’s economic journey. The name sounds technical and complicated, but the idea behind it is actually quite simple. It is about saving today so that the country can have a better tomorrow. Imagine a family that receives an…

Alarm as proposed SACCO Amendment Bill 2025 sparks fears over members’ savings

Sacco ReviewJuly 8, 202606 mins

Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…

Kirinyaga disburses KSh20 Million credit boost to 20 ward-based SACCOs

Sacco ReviewJuly 7, 2026July 7, 202603 mins

The Kirinyaga County Government has disbursed KSh 20 million to 20 ward-based Savings and Credit Cooperative Societies (SACCOs), in a move aimed at opening up affordable credit access for more than 9,300 farmers across the county. According to Kirinyaga County governor, Anne Waiguru, each of the county’s 20 wards received KSh 1 million under the…

Oparanya reaffirms Gov’t commitment to strengthen MSMEs through credit and market access

Sacco ReviewJuly 7, 202603 mins

Co-operatives and Micro, Small and Medium Enterprises Development Cabinet Secretary, Wycliffe Oparanya has reiterated the government’s commitment to supporting Micro, Small and Medium Enterprises (MSMEs) through progressive policies, affordable credit, and capacity‑building programmes aimed at driving sustainable growth and competitiveness. In a speech delivered on his behalf by his Special Advisor, Dr. Edward Mudibo during…