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

Proposed Bill to compel foreign firms to hire Kenyans, with penalties up to Ksh100 million for violation

Sacco ReviewApril 7, 2026April 7, 202604 mins

Kenya is set for a major policy shift in how foreign companies operate, following the introduction of the Local Content Bill, 2025. The proposed law, sponsored by Laikipia County Woman Representative Jane Kagiri, has already passed its First Reading in the National Assembly, and aims to strengthen local participation in the economy by imposing strict…

President Ruto launching the Affordable housing in Mukuru

Parliament approves KSh25 billion to rescue affordable housing projects at risk of stalling

Sacco ReviewApril 7, 202603 mins

More than 1,700 affordable housing units that were on the verge of stalling will now proceed after Members of Parliament approved KSh25 billion to unlock funds previously tied up in Treasury Bills. The allocation, passed under Supplementary Estimates I for the 2025/26 financial year, is expected to ensure contractors are paid and ongoing projects remain…

Machogu urges youth to join SACCOs for financial security and national growth

Sacco ReviewApril 7, 202603 mins

Former Education Cabinet Secretary Ezekiel Machogu has called on school leavers and university graduates to embrace Savings and Credit Cooperative Organisations (SACCOs) as a pathway to financial stability and empowerment. Speaking during a youth empowerment forum hosted by the Kisii Youth Bunge Sacco, Machogu said young people must harness their education, creativity, and talents to…

Stima SACCO assets hit Ksh75.3 Billion, post Ksh10.8 Billion revenue

Sacco ReviewApril 7, 202609 mins

Kenya’s second largest Savings and Credit Co-operative (SACCO) and second-largest in Africa in asset base, Stima DT SACCO Society Limited, posted impressive financial results for the year ending December 31, 2025 after it recorded an increase in revenue by 4.9% from Ksh10.3 billion in 2024 to Ksh10.8 billion in 2025, even as its total assets…

CPA Jared Moenga - Gusii Mwalimu DT Sacco CEO

Gusii Mwalimu DT Sacco records strong growth as assets rise to Ksh18.4 billion

Sacco ReviewApril 7, 2026April 7, 2026011 mins

Gusii Mwalimu DT Sacco has recorded impressive growth across key financial indicators, with total assets rising from Ksh16.2 billion in 2024 to Ksh18.4 billion in 2025, representing an increase of 13.3 per cent. The Sacco also registered steady growth in deposits, loans, revenue and membership, underscoring its strong position within Kenya’s co-operative movement and its commitment…

Report: Mobile money loans surge in Kenya amidst growing financial inclusion

Sacco ReviewApril 7, 202606 mins

A new report by the Global System for Mobile Communications Association (GSMA) has highlighted a significant shift in Kenya and Sub-Saharan Africa, where mobile money has become the preferred source of borrowing for many adults. GSMA’s State of Industry report indicates that the region is driving a major expansion of mobile money accounts, which now…

KUSCCO pushes for tax relief on SACCO transactions in 2026/27 budget submissions

Sacco ReviewApril 6, 202604 mins

Members of Savings and Credit Cooperative Organisations (SACCOs) could soon enjoy significant tax relief if proposals presented to the National Treasury are adopted in the upcoming 2026/27 national budget. The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has urged the Treasury to scrap excise duty on member-based transactions, arguing that the levy unfairly penalises…

Mega SACCO proposal sparks uproar as cooperative principles take centre stage

Sacco ReviewApril 6, 2026April 6, 202606 mins

A legislative proposal by Kikuyu Member of Parliament (MP) Kimani Ichung’wah to establish a “Mega Sacco” that would pool funds from existing Savings and Credit Cooperative Organizations (SACCOs) has ignited intense public debate, exposing deep tensions between state-driven financial consolidation and the foundational philosophy of the cooperative movement. At the heart of the proposal lies…

Kenya tea earns Ksh218.78B in 2025 exports as market, volumes grow amid global disruptions

Sacco ReviewApril 5, 2026April 5, 202604 mins

Kenya’s tea industry has recorded a strong recovery, posting Ksh 218.79Billion in total marketed value in 2025, driven by reforms, market expansion, and a renewed focus on higher farmer earnings and global competitiveness. Speaking at Rukuriri Tea Factory in Embu County during the release of the 2025 Tea Industry Performance Report, the Agriculture Cabinet Secretary…

LBDA, The Hive Ltd partner to implement beekeeping project in Homa Bay

Sacco ReviewApril 5, 202606 mins

The Lake Basin Development Authority (LBDA) has partnered with The Hive Limited to implement a beekeeping project targeting more than 600 farmers in Homa Bay County. The deal, signed at LBDA headquarters in Kisumu County, seeks to support beekeepers operating within Wire Forest under the Wire Forest Management Association (WIFOMA), with a focus on boosting…