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

Govt highlights coffee reforms achievements a head of Mt Kenya tour

Sacco ReviewApril 1, 2025April 1, 202503 mins

Ministry of Co-operatives and Micro, Small & Medium Enterprises (MSMEs) Development, State Department for Cooperatives has highlighted major coffee reforms achievements a head of Mt Kenya region five days tour, the region has majority coffee farmers. Among the major reforms by the Kenya Kwanza government include placing coffee reforms under the Office of the President…

Women-led Enterprises hailed as transformative, key to unlocking a myriad of opportunities

Sacco ReviewMarch 30, 2025March 30, 202507 mins

Women are increasingly taking the reins of entrepreneurship, driving innovation and economic growth in the country. Globally according to the World Bank, one-third of businesses worldwide have a woman among their principal owners. This number is steadily rising, with the number of startups with female founders doubling globally. Studies also suggest that women-led businesses are…

Cooperators shoot down contentious clauses in Meru cooperative societies Bill 2025

Sacco ReviewMarch 29, 2025March 29, 202505 mins

Cooperators have shoot down the contentious clauses proposed through the Tribunal Act 2014 and forwarded to the Meru County assembly sectoral committee on Trade, Tourism and Cooperatives. The committee chaired by Nyaki West MCA Kirima Mubichi that held a public participation at Kamundi Hall on Thursday wanted to align the Meru County Cooperative Act, 2025…

Kisumu DG decries the dwindling potential of the fisheries sector

Sacco ReviewMarch 26, 2025April 18, 202504 mins

Kisumu County deputy governor Dr .Mathews Owili has decried the dwindling fisheries sector, despite the efforts being made by the county government. Speaking during AQUAFEDHA project launch at Ogal Beach in Kisumu West Sub-County, Dr Owili said the fisheries sector still faces significant challenges despite interventions put in place to solve various challenges in order…

EPRA introduces draft regulations to enhance consumer protection

Sacco ReviewMarch 25, 2025March 25, 202504 mins

The Energy and Petroleum Regulatory Authority (EPRA) has introduced three comprehensive draft regulations to enhance safety, reliability, and consumer protection within Kenya’s energy sector. The proposals, currently undergoing public participation, aim to address critical aspects of energy management, from incident reporting to service quality and licensing protocols. EPRA Director in Charge of Electricity and Renewable…

SACCOs maintain Flat Dividend Payouts as Tough Times Bite

Sacco ReviewMarch 20, 202509 mins

A glance at the financial statements for the year ended 31st December 2024 for most deposit-taking SACCOs that have already published their accounts shows that many of these societies have maintained the rate of dividend and interest on members deposits or rebate payments to their members. These returns have been attributed largely to a harsh…

Opening of Common Bond should be done with caution, Co-op body warns

Sacco ReviewMarch 20, 202509 mins

The Kenya Society of Professional Co-operators (KSPC) has urged the Commissioner of Co-operative Development (CCD) to develop a policy guide that will enable co-ops to function in a way that will help open the common bond to the general public. The professional body has argued that though the opening of a common bond in the…

Ufanisi DT Sacco boss hangs up boots after 40 years legacy in the co-op movement

Sacco ReviewMarch 20, 2025014 mins

After a happy 40 years in the cooperative movement, where he rose through the ranks to become one of the renowned leaders, CPA Frederick Masoso Abuyabo, the immediate former Chief Executive Officer (CEO) of Ufanisi Deposit Taking Sacco, hang up his boots. His handwork and determination have seen him climb the career ladder from a…

Transforming the MSMEs sector is a top priority for the govt, CS Oparanya says

Sacco ReviewMarch 19, 202503 mins

Cabinet Secretary Wycliffe Ambetsa Oparanya has said that transforming the Micro, Small, and Medium Enterprises (MSMEs) sector is a top priority for the government. The CS, who was speaking during the official launch of the Kenya Public-Private Sector MSME Dialogue, MSME Connect, stated that the sector makes a significant contribution to the economy. He noted…

Prudent management and expertise fuel sacco growth in Bondo

Sacco ReviewMarch 17, 202504 mins

The sterling performance of the Saccos in Bondo has been attributed to prudent management, proper capacity building, and adherence to best practices. The various Saccos have been placed under an umbrella management entity called Goldian Credit Limited, where experts offer real-time solutions to the Saccos (small businesses), guiding them and taking them through best business…