Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In a strategic move to foster business growth and reduce unemployment, the Kenyan government, through the Central Bank of Kenya (CBK), has implemented a reduction in interest rates. From 11.25% in 2024, the rates have been lowered by 75 basis points to 10.75% in 2025, with an additional 50 basis point cut anticipated. This move…
The Cooperative Bill (National Assembly Bill No. 7 of 2024) has been introduced in the Senate. In a public notice by Senate Clerk J.M. Nyegenye, the public has been asked to participate and share their views on the bill. This bill seeks to establish a legal framework that supports a sustainable and competitive cooperative sector…
In a new bid to boost trade in East Africa, the East African Business Council (EABC) has organized a consultative meeting on the development of the regional services policy advocacy agenda. According to EABC board member Mr. Emmanuel Butare, the platform is key in providing a space for service sector actors to shape a game-changing…
The County Government of Kisumu has officially handed over the old Ondiek Estate to the National Housing Corporation (NHC) for a major redevelopment project. The announcement, made by Governor Anyang’ Nyong’o, marks the settlement of a long-standing Sh900 million debt owed by the county to NHC. This debt, inherited from the defunct Kisumu Municipal Council,…
Calls have been made to the Government and the private sector to support young innovators, entrepreneurs and creatives to commercialize their products. Key players in the education sector observe that there’s a batch of next generation innovators in learning institutions across the country who have transformative ideas that will shape the future through creativity and…
The Kisumu Sugar Belt Union is now calling for greater representation of cane farmers in decision-making processes that affect them. Union members have expressed concerns that the current composition of farmers in various committees is too minimal to make any meaningful impact. Union chairman Zedekiah Otene emphasized that more farmers should be included in the…
Nyati Deposit-Taking SACCO has taken legal action against the insolvent Kenya Union for Savings and Credit Co-operative Organization (KUSCCO), seeking to recover a sum of KSh 86,433,583.00 held by the Union as Fixed Deposits. The case, with file number Milimani JR Application N.E 035 of 2025, is currently before the High Court of Kenya in…
Small and medium-sized enterprises (SMEs) have been challenged to leverage on technology and adopt industry networks to position their businesses better for growth. Industry players noted that for small businesses to flourish, adoption of technology is key as it helps in data management, enhanced protection against cyber threats, facilitates improved service delivery and enables access…
The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…
The County Government of Busia has launched a major initiative to streamline the disbursement of agricultural funds by training SACCO managers in proper financial management and accountability. The initiative aims to ensure that government resources allocated to farmers are effectively utilized to promote economic growth. During the training session for 126 SACCO managers from 14…
