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

Old Mutual approves KSh4.67 Billion non‑cash restructuring to resume dividend payouts

Sacco ReviewJuly 7, 202604 mins

The transaction involves no cash payments or distributions to shareholders, meaning it will not alter the number of shares held by investors or dilute their proportionate ownership of the company Old Mutual Holdings PLC shareholders have approved a non-cash balance sheet restructuring plan that will wipe out billions of shillings in accumulated losses and clear…

Auctioneers board pushes for legal reforms to modernise profession

Sacco ReviewJuly 7, 202606 mins

Members of the public have been urged to verify auctioneers’ credentials before engaging them and report suspected imposters to the board or police. The Auctioneers Licensing Board has called for urgent reforms to Kenya’s auctioneering laws, citing outdated legislation, rising operational costs, and persistent public misunderstanding of the profession. Speaking during a regional workshop in…

Treasury dismisses claims of borrowing KShs 1 trillion from SACCO savings for Infrastructure Fund

Sacco ReviewJuly 7, 202604 mins

Kenyans have been urged to verify any claims about the SACCO reforms through official government communication before sharing them further PS Kilemi reaffirmed that SACCO funds remain the property of their respective societies and are managed exclusively by elected officials The National Treasury has dismissed as false and malicious claims circulating on social media alleging…

Second tranche of NYOTA start-up capital set for national rollout this Friday

Sacco ReviewJuly 6, 202605 mins

Unlike the first tranche, which was rolled out in phased clusters across the regions, the second disbursement would reach all eligible beneficiaries at the same time.. the beneficiaries have already completed a mandatory business development skills training programme, a requirement under the initiative before qualifying for the start-up capital. The government will on Friday roll…

KWFT expands services with reopening of Nanyuki branch to empower women entrepreneurs

Sacco ReviewJuly 6, 202604 mins

KWFT reopens Nanyuki branch to expand financial services, empower women entrepreneurs, farmers, and households across Laikipia County, strengthening its national network of 190 branches and 125 agents. The Kenya Women Microfinance Bank (KWFT) has reopened its Nanyuki branch which aims to strengthens its presence around MT Kenya region, expand its financial services and empower women,…

Governor Mutai positions cooperatives as drivers of value addition and MSME growth

Sacco ReviewJuly 6, 2026July 6, 202604 mins

Kericho County Governor Dr. Erick Mutai has identified cooperative societies as integral aspects of rural industrialization, value addition and the development of Micro, Small, and Medium Enterprises (MSMEs), positioning them as the county’s main vehicle for delivering the Bottom-Up Economic Transformation Agenda (BETA) Speaking during the International Day of Cooperatives (Ushirika Day) celebrations held at…

Cooperative leaders warn of looming leadership crisis as kenyan youth shun SACCOs

Sacco ReviewJuly 6, 202605 mins

The absence of young people in SACCOs means many are missing out on the chance to learn financial discipline, savings culture and investment principles that have sustained the sector for decades. The widening age gap in leadership and participation raises uncertainty over succession. Kenya’s cooperative movement is staring at a leadership vacuum in the next…

Kiambu cooperatives drive growth with Ksh109.5 billion in member savings

Sacco ReviewJuly 6, 202605 mins

Kiambu co-ops recorded Ksh109.49 billion in member savings and an annual turnover of over Ksh22 billion in 2025, reflecting strong public confidence and sector expansion. The county’s coffee sector produced 10.8 million kilograms worth Ksh1 billion, while the dairy sector generated Ksh11.7 billion from 146 million litres of milk. Kiambu County’s cooperative sector recorded an…

Taita Taveta sets up Cooperative Fund to expand rural credit access

Sacco ReviewJuly 6, 2026July 6, 202604 mins

The Cooperative Fund will complement existing credit programmes and provide targeted support for agricultural production and other income‑generating activities. Taita Taveta County has unveiled plans to establish a dedicated Cooperative Fund that will serve as a revolving financing facility for farmers, small businesses, and cooperative societies. The initiative is designed to ease access to affordable…

Wetang’ula urges boda boda riders to join SACCOs for financial growth

Sacco ReviewJuly 6, 2026July 6, 202605 mins

National Assembly Speaker Moses Wetang’ula has called on boda boda operators to join savings and credit cooperatives (SACCOs) and channel their earnings into income‑generating ventures, saying this will secure their livelihoods and promote long‑term financial stability. Speaking during a boda boda empowerment forum at Mungatsi Primary School in Nambale Sub‑County on Saturday, Wetang’ula highlighted the…