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

Matatu SACCOs not collecting revenue for county, Machakos finance executive says

Sacco ReviewMarch 12, 2025March 12, 202504 mins

Machakos County Finance Executive Member, Onesmus Kuyu, has refuted claims that Matatu Sacco members have been collecting revenue for onward transmission to the County treasury in violation of regulations. The claims were made by Mua Ward MCA, Mr. Francis Ngunga, while contributing to a motion on the floor of the County Assembly on Tuesday. Mr….

SACCOs go big on digital platforms to attract the youth

Sacco ReviewMarch 12, 2025March 12, 2025010 mins

Savings and Credit Cooperative Societies (SACCOs) have, in the recent past, stepped up their digital marketing campaigns, running attractive TV advertisements, updating their websites to make them more interactive, and going big on X, Facebook, and other social media platforms. SACCOs are also investing huge sums of cash to spruce up their online presence. This…

Foundation launched to train SMEs, youth on entrepreneurship and financial literacy

Sacco ReviewMarch 11, 202506 mins

A Foundation seeking to train the youth and Small and Medium Enterprises (SMEs) on entrepreneurship and financial literacy has been unveiled. Munyiri Africa Foundation (MAF) has embarked on a programme aimed at mentoring and imparting relevant knowledge and skills to the youth which will help hone their business skills and start and sustain their business…

35 Saccos in Busia receive Ksh. 24.5M cooperative grant

Sacco ReviewMarch 8, 202503 mins

In a major boost to financial inclusion and agricultural transformation, the County Government of Busia has disbursed a Ksh. 24.5 million cooperative inclusion grant to 35 Savings and Credit Cooperative Organizations (SACCOs). The grant aims to enhance production and value addition, empowering farmers and agripreneurs across the county. As part of this initiative, the government…

Government’s interest rate cut aims to boost economic growth and entrepreneurship

Sacco ReviewMarch 8, 202504 mins

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…

Public requested to give views on Cooperative bill that has been introduced in Senate

Sacco ReviewMarch 7, 202503 mins

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…

East Africa Business Council (EABC) organizes meeting with key players in new bid to boost trade

Sacco ReviewMarch 7, 2025010 mins

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…

Kisumu County Government hands over Ondiek Estate to NHC for redevelopment

Sacco ReviewMarch 4, 202505 mins

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,…

Support budding innovators, entrepreneurs to commercialize their products-State, investors urged

Sacco ReviewMarch 4, 202506 mins

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…

Kisumu Sugar Belt Union calls for greater farmer representation in decision-making

Sacco ReviewMarch 3, 202506 mins

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…