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

Co-op sector pushes for deposit guarantee fund and central liquidity to safeguard members’ savings

Sacco ReviewApril 24, 202604 mins

Cooperative Societies of Kenya Chief Executive Officer Daniel Marube has called for stronger safeguards to protect members’ savings, including the establishment of a deposit guarantee fund and enhanced regulatory powers for the Sacco Societies Regulatory Authority (SASRA). Speaking during the inaugural Regulatory Policy and Legal Roundtables for Specified Non‑Withdrawable Deposit‑Taking Saccos in Nakuru County, Marube…

Gov’t moves to reform SACCO sector amid push for growth and trust

Sacco ReviewApril 23, 202604 mins

The government has stepped up efforts to reform Kenya’s cooperative movement, with Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya leading a renewed push for structural changes aimed at strengthening the sector. Oparanya said the proposed reforms are designed to make Savings and Credit Cooperative Organizations (SACCOs) more self-sustaining while safeguarding members’ savings. Central to…

Over 4000 Nakuru farmers trained in proper agronomical practices to boost cassava production

Sacco ReviewApril 23, 202605 mins

More than 4,000 farmers in Nakuru County have undergone training in proper agronomical practices aimed at increasing cassava production, in a strategic effort to promote the crop as a climate-resilient solution for food security and commercialisation through value addition. The training, conducted under the Transforming African Agricultural Universities to Meaningfully Contribute to Africa’s Growth and…

Public has until April 24, to submit views on Sacco Amendment Bill

Sacco ReviewApril 23, 202603 mins

The public has until 5:00 p.m. on April 24, 2026, to submit their views on the proposed Sacco Societies (Amendment) Bill, No. 32 of 2025. The National Assembly, in a notice issued on April 10, invited citizens, stakeholders, and organizations to present their views in line with Article 118 of the Constitution of Kenya 2010,…

Mobile money agent transactions hit 3-year low amid rising living costs

Sacco ReviewApril 22, 202604 mins

Kenyans are cutting back on the use of mobile money agents, with transaction values dropping to their lowest level in nearly three years as households grapple with rising living costs and shrinking disposable incomes. According to data from the Kenya National Bureau of Statistics (KNBS), the total value of transactions handled by telco and bank-linked…

State unveils strategy to transform sugar sector into bio-economy and energy hub

Sacco ReviewApril 22, 202603 mins

Kenya is in the process of transforming the vast sugar sector into a bio-economy and energy hub through a decisive shift from traditional sugar production to a diversified agro-industrial model focused on ethanol and renewable energy. Addressing the Informa Africa Sugar Conference, the Kenya Sugar Board (KSB) CEO and Chairman of the International Sugar Organization…

Ex-Mwietheri SACCO employee charged in alleged Ksh8.9 million fraud

Sacco ReviewApril 22, 202603 mins

A former employee of Mwietheri Savings and Credit Co-operative Organization (SACCO) Ltd has been charged with alleged fraud involving more than Ksh 9 million, following investigations by specialised detectives attached to the Sacco Societies Regulatory Authority (SASRA). Alfred Maina Munene was arraigned before the Gichugu Law Courts on Tuesday April 21, a day after his arrest…

Kenya tightens lending rules in sweeping credit sector overhaul

Sacco ReviewApril 22, 202606 mins

Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and Savings and Credit Cooperatives (SACCOs) assess and issue loans. The proposed reforms seek to tighten lending standards, curb rising household debt, and introduce structured support mechanisms for borrowers struggling with repayments. Shift in…

Ministry of Trade, KIPI bank on Geographical Indications Bill to create jobs, boost farmers’ income

Sacco ReviewApril 21, 202606 mins

The Kenya Industrial Property Institute (KIPI) in conjunction with the Ministry of Investments, Trade and Industry is banking on the proposed Geographical Indications Bill, 2026, to transform Kenya’s agricultural and industrial sectors by boosting farmers’ incomes, creating jobs and positioning local products in premium global markets. The draft law seeks to establish a legal framework…

Gov’t rolls out second phase of NYOTA youth entrepreneurship training

Sacco ReviewApril 21, 2026April 21, 202603 mins

The government has officially kicked off the nationwide rollout of the second phase of classroom business skills training under the National Youth Opportunities Towards Advancement (NYOTA) Project, marking a major step in its effort to empower youth entrepreneurs across the country. The training, which began on April 20, Monday morning, is being conducted simultaneously in…