Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The battle between Kirinyaga county coffee farmers and the Nairobi Coffee Exchange (NCE) is now in the corridors of justice, as the high court extended conservatory orders barring the implementation of the Direct Settlement System (DSS) and new reforms in the coffee sector until July 28, 2025. The Cooperative Bank that operates the DSS also…
Within Kenya’s healthcare system lies a growing threat: medical debt. Many households, particularly those in low-income brackets, struggle to pay their medical bills, often forced to choose between their health and financial stability. This presents a critical opportunity for cooperative societies to step in by running health facilities or offering medical insurance cover or credit…
The Sacco Societies Regulatory Authority (SASRA) has expressed concern that, despite the immense value of credit scoring, SACCOs have been slow to fully adopt credit referencing, resulting in gaps in credit decision-making. The regulator also highlights challenges in implementing effective credit-scoring systems, which have hindered responsible lending and undermined long-term financial stability. However, some senior…
The Agriculture and Food Authority (AFA) has launched a cotton seed milling equipment at Luanda cotton ginnery in Samia Sub County in Busia. Speaking during the launch Director General of AFA Dr Bruno Linyiru said the milling equipment will help in value addition as a way of boosting cotton farming and profit to the farmers…
As Kenya gears up for this year’s Ushirika Day celebrations, the Cooperative Alliance of Kenya (CAK) has urged county governments to scale up budgetary allocations toward the cooperative sector, emphasizing its pivotal role in driving financial inclusion, rural prosperity, and food security. Speaking at a media briefing ahead of the event, CAK CEO Daniel Marube…
The air in Kenya’s automotive sector crackles with contention as the Kenya Revenue Authority (KRA) staunchly defends its freshly unveiled price list for used motor vehicles, a list set to dictate the taxes on second-hand models entering the country from July 1, 2025. This move has ignited a fierce debate, particularly with the Car Importers…
Members of parliament, (MPs) have raised concerns about unpaid salary arrears at Nzoia Sugar Company. The legislatures said that employees have been passing through hardships due to arrears owed by the company even though government had assured the workers that it will cover their salaries and pensions for the first year as they face transition…
A move by commercial banks to cut their lending rates after intense pressure from monetary authorities, is attracting the attention of many financial services users. Do these latest cuts in the price of bank loans pose any threat to SACCOs, considered a serious player in the lending business and Kenya’s financial sector? “This trend to lower…
Police have recovered part of 7,354 bags of fertilizer stolen from the National Cereals and Produce Board (NCPB) depot in Maua, Meru County. Eight suspects were also arrested in connection with the looting and several vehicles believed to have been used in ferrying fertilizer including motorbikes and probox cars have been impounded. The looting happened…
Housing Co-operatives, SACCOs as well as Investment units of these Societies appear to have given the state-run affordable housing program a wide berth. A spot check of various players in the Housing Cooperatives Segment reveals lack of interest in the program by most while others cite numerous bottlenecks. Savings and credit co-operatives (SACCOs) Top Executives…
