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

Government moves to purge ghost beneficiaries from Inua Jamii programme

Sacco ReviewJuly 16, 202503 mins

The State Department for Social Protection has announced a major overhaul of the Inua Jamii cash transfer system, aimed at eliminating ghost beneficiaries and halting payments to deceased individuals. The move follows revelations that funds have continued to be disbursed to people who died long ago, exposing loopholes in the programme’s verification process. On Monday…

2025 World Credit Union Conference kicks off in Sweden

Sacco ReviewJuly 16, 2025July 16, 202504 mins

The 2025 World Credit Union Conference (WCUC) kicked off on Monday, July 14, in Stockholm, Sweden and will run through Wednesday, 16 July 2025. Organized by the World Council of Credit Unions (WOCCU), this year’s conference — themed “The Future is Cooperative” — brings together global cooperative leaders to share insights, shape policy, and strengthen…

Committee on Cooperatives question PS over delay in rollout of Nyota program

Sacco ReviewJuly 15, 202504 mins

Members of the National Assembly Committee on Trade, Industry and Cooperatives have questioned the delay in rolling out the National Youth Opportunities Towards Advancement (NYOTA) programme. The programme would have seen 70 Youths in all the wards in the country receive a grant of Sh50, 000 to either start or expand business. The MPs led…

President Ruto commends cooperative sector, highlights key achievements during Ushirika Day 2025

Sacco ReviewJuly 15, 2025010 mins

President William Ruto has commended the cooperative sector for creating jobs, enhancing rural livelihoods, and unlocking the full potential of the country’s economic growth as he highlight key achievements in the sector through his administration. In his speech read by Prime Cabinet Secretary Musalia Mudavadi during International Cooperative Day Celebrations at KICC, Nairobi on 12th…

Government approves Ksh6.6 billion debt waiver for coffee cooperatives

Sacco ReviewJuly 15, 202503 mins

The government has approved a Ksh6.6 billion debt waiver for coffee cooperative societies in coffee-growing counties, aiming to relieve farmers of long standing financial burdens. President William Ruto made the announcement through a speech delivered by Prime Cabinet Secretary Musalia Mudavadi during the 103rd Ushirika Day Celebrations at the Kenyatta International Convention and Conference Centre…

SACCOs need strong IT systems, Insurance covers amid cyber-attacks rise

Sacco ReviewJuly 15, 202509 mins

Savings and Credit Cooperative Societies (SACCOs) are being challenged to tighten their systems and take insurance covers on the back of rising cyber-attacks in the era of digital transactions. Cooperatives are increasingly gaining prominence among formal and informal workers and currently hold over Sh800 billion customer deposit—a sum that makes them a target of cyber…

Ushirika Day 2025: Ruto commends Sacco stakeholders’ contribution to economic growth

Sacco ReviewJuly 14, 2025July 14, 202503 mins

President William Ruto has commended stakeholders, leaders, practitioners, and cooperators for their unwavering dedication and exceptional contribution to Kenya’s socioeconomic advancement through the cooperative model. In a speech read by Prime Cabinet Secretary Musalia Mudavadi during International Cooperative Day Celebrations at Kenyatta International Convention Centre (KICC), Nairobi on July 12, 2025 the president said is…

Government calls for structured cooperative savings to shield economy from political instability

Sacco ReviewJuly 14, 202505 mins

The government has called on Kenyans to embrace structured cooperative savings and move away from traditional fundraising practices, warning that ongoing political uncertainty threatens the stability of foreign investment. Speaking during the 103rd Ushirika day celebration at Kenya International Conference Center, (KICC) the Prime Cabinet Secretary Musalia Mudavadi emphasized that cooperatives offer a more stable…

Government injects Ksh400M to stabilize milk prices and support dairy farmers

Sacco ReviewJuly 14, 202504 mins

The government has unveiled a comprehensive intervention to cushion dairy farmers from market unpredictability by allocating Ksh400 million to stabilize milk prices and safeguard farmer incomes. The announcement was delivered by Prime Cabinet Secretary Musalia Mudavadi on behalf of President William Ruto during the 103rd Ushirika Day celebrations at KICC on July 12, 2025. In…

Gov’t embarks on comprehensive review of Sacco legal framework to restore accountability

Sacco ReviewJuly 13, 2025July 13, 2025010 mins

The government has embarked on an evaluation of the Sacco Societies Act 2008 in order to strengthen and restore trust, transparency and accountability in the cooperatives sub-sector. While delivering a speech on behalf of President William Ruto during Ushirika Day celebrations on July 11, at KICC, Prime Cabinet Secretary Musalia Mudavadi said, the reforms further…