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

Cooperatives champion unity and tight governance amid regional expansion

Sacco ReviewJuly 9, 202606 mins

Leaders of major Savings and Credit Cooperative Societies (Saccos) are calling for heightened unity, strict governance and strategic market cooperation to secure members’ wealth and drive sustainable economic growth. Speaking during the 104th Ushirika Day celebrations held at the Gusii Coffee Farmers Cooperative Union (GCFCU) in Kisii Central, regional industry leaders emphasized that market expansion…

Kenya beats Tanzania to land Dangote’s KSh2.59 trillion refinery in Lamu

Sacco ReviewJuly 9, 2026July 9, 202606 mins

Kenya edged out Tanzania after Dangote Group weighed a combination of geographical positioning, existing infrastructure and commercial viability Nigerian billionaire Aliko Dangote has settled on Lamu as the site for his long-anticipated East African oil refinery, closing months of uncertainty over whether the multibillion-shilling project would rise on Kenya’s coast or in Tanzania’s port town…

Kenya’s new Sovereign Wealth Fund explained in simple terms

Sacco ReviewJuly 9, 2026011 mins

President William Ruto has signed the Sovereign Wealth Fund Act into law, marking a new chapter in Kenya’s economic journey. The name sounds technical and complicated, but the idea behind it is actually quite simple. It is about saving today so that the country can have a better tomorrow. Imagine a family that receives an…

Alarm as proposed SACCO Amendment Bill 2025 sparks fears over members’ savings

Sacco ReviewJuly 8, 202606 mins

Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…

Kirinyaga disburses KSh20 Million credit boost to 20 ward-based SACCOs

Sacco ReviewJuly 7, 2026July 7, 202603 mins

The Kirinyaga County Government has disbursed KSh 20 million to 20 ward-based Savings and Credit Cooperative Societies (SACCOs), in a move aimed at opening up affordable credit access for more than 9,300 farmers across the county. According to Kirinyaga County governor, Anne Waiguru, each of the county’s 20 wards received KSh 1 million under the…

Oparanya reaffirms Gov’t commitment to strengthen MSMEs through credit and market access

Sacco ReviewJuly 7, 202603 mins

Co-operatives and Micro, Small and Medium Enterprises Development Cabinet Secretary, Wycliffe Oparanya has reiterated the government’s commitment to supporting Micro, Small and Medium Enterprises (MSMEs) through progressive policies, affordable credit, and capacity‑building programmes aimed at driving sustainable growth and competitiveness. In a speech delivered on his behalf by his Special Advisor, Dr. Edward Mudibo during…

Laikipia County disburses KSh 100 million to boost Cooperative Societies’ growth

Sacco ReviewJuly 7, 202603 mins

Laikipia County Government has disbursed more than KSh100 million to local cooperatives through its Cooperative Revolving Fund, a facility now credited with driving value addition of farm produce and lifting incomes for members across the county. Speaking during the 104th Ushirika Day celebrations, governor Joshua Irungu revealed that the fund has expanded fivefold from an…

Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

KRA launches third tax amnesty window with full waiver on penalties

Sacco ReviewJuly 7, 202603 mins

The Kenya Revenue Authority (KRA) has unveiled its third tax amnesty window, a move expected to unlock billions in revenue while easing compliance burdens for taxpayers. The program, which runs from July 1 to December 31, 2026, offers a 100 percent waiver on penalties, interest, and fines for tax liabilities incurred up to December 31,…

Old Mutual approves KSh4.67 Billion non‑cash restructuring to resume dividend payouts

Sacco ReviewJuly 7, 202604 mins

The transaction involves no cash payments or distributions to shareholders, meaning it will not alter the number of shares held by investors or dilute their proportionate ownership of the company Old Mutual Holdings PLC shareholders have approved a non-cash balance sheet restructuring plan that will wipe out billions of shillings in accumulated losses and clear…

Auctioneers board pushes for legal reforms to modernise profession

Sacco ReviewJuly 7, 202606 mins

Members of the public have been urged to verify auctioneers’ credentials before engaging them and report suspected imposters to the board or police. The Auctioneers Licensing Board has called for urgent reforms to Kenya’s auctioneering laws, citing outdated legislation, rising operational costs, and persistent public misunderstanding of the profession. Speaking during a regional workshop in…