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

State Department for Cooperatives hands over Luanda Ginnery for Phase II Upgrade

Sacco ReviewJune 4, 202502 mins

State Department of Cooperatives, Secretary Administration, Amos Mariba and officials from the Ministry and Busia County Government have officially handed over the Luanda Cooperative Society ginnery, located in Samia Sub-County, to the appointed contractor. The State Department has also allocated Ksh. 20 million for the completion of Phase II of the project, which aims to…

Fertilizer subsidies boosted food production by 50 per cent, President Ruto says

Sacco ReviewJune 4, 2025June 4, 202503 mins

President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…

Former metropolitan Sacco officials lose plea to halt probe

Sacco ReviewJune 4, 2025June 4, 202504 mins

The High Court has thrown out a petition filed by former officials of the troubled Metropolitan National Sacco, who were seeking to block investigations into financial mismanagement uncovered nearly three years ago. Lady Justice Aburili Roselyne Ekirapa, in a ruling delivered on May 21, 2025, rejected the plea and directed the disgruntled officials to seek…

There’s a need to fast-track recent laws approved by the Cabinet meant to improve SACCOs

Sacco ReviewJune 4, 2025June 4, 202504 mins

During a Cabinet meeting chaired by President William Ruto in March this year at State House, key amendments to the Sacco Societies Act, 2008, were approved in a bid to enhance the stability, efficiency, and competitiveness of the country’s Savings and Credit Cooperatives Societies (SACCOs). The proposed reforms, which are outlined in the Sacco Societies…

Malava Financial Services CBO to digitize its banking services

Sacco ReviewJune 4, 2025June 4, 202504 mins

As part of its plans to improve its services, Malava Financial Services has put in place stratehies aimed at digitizing its service to enable efficient service delivery. During its 16th Annual General Meeting held recently, the financial institution announced the introduction of mobile financing as one way of quickly and effectively serving its members. The…

CBK to pump KSh 180m into SafetyNet to Protect SACCO Cash

Sacco ReviewJune 3, 2025June 4, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…

Manufacturing sector’s contribution to Kenya’s GDP drop from 11.3% in 2010 to 7.3% in 2024

Sacco ReviewJune 3, 202505 mins

Kenya’s manufacturing sector’s contribution to Kenya’s GDP has been on a decline, this is according to the Kenya Association of Manufacturers (KAM). The association in a report to the National Assembly Departmental Committee on Finance and National Planning indicated that the sector contribution has been on the decline falling from 11.3% in 2010 to 7.3%…

Gov’t declares war on deadly farm chemicals

Sacco ReviewJune 3, 2025June 3, 202504 mins

Agriculture Cabinet Secretary Mutahi Kagwe has declared an all-out war on toxic farm chemicals, vowing to rid the country of hazardous substances. Speaking in Meru, Mutahi noted that cancer cases are on the rise and growing fears about food safety in the country. Kagwe’s announcement signals a new era for Kenyan farming, focusing on protecting…

President Ruto unveils the Kshs 120 billion landmark LV Marina master planned development in kisumu

Sacco ReviewJune 2, 2025June 4, 202505 mins

President Ruto led the groundbreaking ceremony of affordable homes named LV Point within LV Marina a first of its kind, privately governed, master planned waterfront development. The massive project in Kisumu is set to become a cornerstone of inclusive growth, sustainable urbanization, and national pride in a defining moment of support for Kenya’s urban and…

Kisumu Assembly wants the public to contribute to SHA to ease health burden

Sacco ReviewJune 2, 202504 mins

The County Assembly of Kisumu now wants everyone to contribute to the Social Health Authority (SHA) fund in order to enable it fully fund reproductive health services effectively. Seth Okumu, Member of County Assembly for East Seme, and a member of the health committee has said that its budgetary allocations have been hard hit by…