Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kenya Kwanza government is set to build 400 new markets countrywide in a bid to uplift the economic status of the small scale traders in the country. This was revealed by Deputy President Kithure Kindiki, who reiterated that out of the 400 markets, 17 will be located in Meru County. He further confirmed that…
Cabinet Secretary for Cooperatives and MSMEs, CS Wycliffe Oparanya, has ordered all cooperative societies that have not filed their annual returns to do so by June 30, or risk deregistration. “As stipulated under the Cooperative Societies Act, all cooperative societies, including unions, national cooperative organizations, and apex cooperatives, are required to file their annual returns…
North Imenti constituency has been ranked top in the repayment of Uwezo funds standing at a record of 89.6 percent. The Uwezo funds Director Wanjiku Muhato noted that it is encouraging to see the determination with the groups that have attained the percentage, urging them to aim to a high of 95 percent. “Nationally, North…
North Imenti MP Rahim Dawood has urged President William Ruto to order an audit on Hustlers Fund in a bid to unravel how Ksh 6 billion was lost. The Hustler Fund, a flagship government initiative aimed at empowering low income Kenyans through accessible credit, is now grappling with a massive Ksh 6 billion loss, money loaned…
The Government has intervened with consistency and focus to ensure sugarcane growers receive fair returns for their deliveries, president William Ruto has said. The president said the move is aimed at ensuring that they get paid in full and on time. To anchor these gains sustainably, Ruto said they must recognize that increasing the efficiency…
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…
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…
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…
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…
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…
