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

Kenyans face potential food shortages as agriculture budget slashed

Sacco ReviewJune 14, 202504 mins

The agricultural sector faces a significant setback following a substantial budget cut in the latest national allocation. Treasury Cabinet Secretary John Mbadi announced a reduction of Ksh7 billion for agriculture, bringing the total allocation to Ksh47.6 billion down from Ksh54.6 billion in the previous fiscal year. This move has sparked considerable concern, with warnings that…

Kisumu County to sets up various interventions to empower SMEs; Deputy Governor reveals

Sacco ReviewJune 14, 202507 mins

Kisumu Deputy Governor Dr. Mathew Owili has said the county government has reaffirmed its commitment to empowering Micro, Small and Medium Enterprises (MSMEs) through a range of targeted interventions. Owili said the move is aimed at enhancing competitiveness, unlocking growth opportunities, and positioning local businesses for regional and global markets. MSMEs, he said, play a…

Unpacking the Cooperative Bill 2024: A new era for Kenya’s Cooperative sector

Sacco ReviewJune 14, 2025011 mins

As Kenya strides into a transformative phase of its economic landscape, the Cooperative Bill 2024 has emerged as a pivotal piece of legislation poised to reshape the country’s cooperative sector. The law before the Senate comes amid a backdrop of economic challenges and calls for reform. This bill promises to modernize governance, enhance accountability, and…

Why SACCOs are reluctant to use Credit Scores in loan appraisals

Sacco ReviewJune 14, 2025013 mins

The Sacco Societies Regulatory Authority (SASRA) has expressed concerns that while credit scoring has immense value, SACCOs have been slow to adopt credit referencing fully, creating gaps in credit decision-making. The regulator also points to challenges in implementing effective credit-scoring systems, which have hampered responsible lending and long-term financial stability. According to the latest SACCO…

Stakeholders call for urgent solutions to devastating hacking cases

Sacco ReviewJune 14, 202504 mins

Following an increase in hacking in the country, attributed to massive tech job layoffs, which have in recent years plagued many enterprises, organizations have been urged to convert the negative energy of hackers into positive energy by creating opportunities for them. As a result of increased cyberattacks and ransomware, many institutions have been grappling with…

Should Saccos trust their auditors?

Sacco ReviewJune 14, 2025June 16, 2025015 mins

A recent revelation that a dead auditor certified the financial statements and accounts of the now financially crippled Kenya Union of Savings and Credit Cooperative Society (KUSCCO) is raising questions on whether or not members of any Society should trust the opinion and audited accounts presented by these esteemed professionals. It also raises the lid…

Oparanya warns against embezzlement of coffee farmers money

Sacco ReviewJune 13, 202504 mins

Management committees running various coffee cooperative societies in Ukambani region have been cautioned against mismanagement and embezzlement of farmers’ money from the coffee proceeds. Cooperative CS Wycliffe Oparaya said on Thursday that the rampant reports of numerous cooperative societies in the constituency sinking into huge debts from financial institutions were worrying. The CS who addressed…

Sugar Belt Union pushes for more farmers’ representative slots in the decision making committee

Sacco ReviewJune 11, 202506 mins

The Kisumu sugar belt union now wants cane farmers to have more say in making of decisions affecting cane farmers. The members said that the composition of farmers in various committee was too minimal to make any meaningful impact. Union chairman Zedekiah Otene said more farmers should be incorporated in the pricing committee since they…

Machakos Youth Empowerment Program to enroll 1500 trainees in July – Governor Wavinya reveals

Sacco ReviewJune 10, 202502 mins

The Machakos Youth Empowerment Program (MYEP) will enroll 1500 youths in July following successful completion of training of the inaugural cohort of 1000 youths in April. Machakos County Governor Wavinya Ndeti said the program has attracted Ksh20 Million sponsorship from the Kenya Commercial Bank. Speaking at AIC Katoloni in Machakos on during a fundraising event…

Meru traders call for elections of new leaders

Sacco ReviewJune 10, 202503 mins

Traders at Gakoromone market, in Meru County are calling for the election of new leaders, alleging corruption by the current leadership. They have raised concerns over disbursement of empowerment funds that were released by the government a few weeks ago. The bitter traders also raised questions on the formula and methodology of distribution, citing unfairness. “We…