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

fintech firm targets Ksh.6.5 billion capital raise to boost SACCO digitization in Kenya, Africa

Sacco ReviewMay 20, 202505 mins

Norwegian fintech firm Wakandi has launched to raise a capital of Ksh6.5 billion to fast-track the digitization of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy. Speaking in Nairobi during the signing of a partnership between Wakandi and Mastercard East Africa, Wakandi Group CEO Espen…

KUSCCO announces phase 1 auctioning of properties to recover Ksh 13billion lost funds

Sacco ReviewMay 19, 202503 mins

Kenya National Union of Savings and Credit Co-operatives (KUSCCO) has started auctioning houses and land of members who defaulted on mortgages after it was hit by a management scandal. The Sacco umbrella body seeks to cut losses occasioned by years of alleged mismanagement that saw its members lose Ksh 13 billion. Investors and home buyers…

KRA mulls tax review on cane by-products to curb smuggling from EAC neighbor

Sacco ReviewMay 19, 202505 mins

The Kenya Revenue Authority (KRA) is contemplating a comprehensive review of taxes imposed on sugarcane by-products to curb smuggling from the neighboring East African Community (EAC) partner states. This follows concerns from players in the sector over rising cases of smuggling of molasses, ethanol and alcoholic beverages through the porous borders with the neighboring countries….

Meru potato farmers reap big from Korean backed modern farming initiative

Sacco ReviewMay 17, 202505 mins

Potato farmers in Meru County have a reason to smile after realizing significant improvements in their crop yields and income courtesy of a long-term training initiative spearheaded by the Korea Program for International Agriculture (KOPIA) in collaboration with the Meru County Government. The program, which has been running for several years, aims to strengthen food…

Saccos in Mombasa urged to exercise good leadership, governance to boost operations

Sacco ReviewMay 17, 202504 mins

Saccos in Mombasa County have been urged to exercise a high degree of good leadership and good governance for effective operations. Speaking to Sacco Review in Mombasa Township recently, Mombasa county Cooperative director, Nelson Nyoro said that good leadership and good governance will retain members in the Saccos. He warned that bad leadership and bad…

Jumuisha Sacco records remarkable achievement, growth amid challenges

Sacco ReviewMay 15, 2025May 15, 202504 mins

Jumuisha Sacco Society Limited in Bondo and Rarieda sub counties have witnessed remarkable achievement and growth amidst glaring challenges of the tough past year (2024). Sacco chairperson Everline Otieno speaking during the 25th AGM in Bondo town disclosed that the society has been resilient to weather the numerous trials and strived to offer the best services…

Mps slam gov’t over hasty decision, lack of public participation on sugar factories lease

Sacco ReviewMay 14, 2025May 15, 202507 mins

Six Kisumu County Members of the National assembly have slammed the national government for hastily leasing out sugar factories without public participation and local stakeholders’ engagement. They have demanded immediate revocation of the 30-year lease of Muhoroni, Chemelil, and Miwani Sugar Mills through a Presidential Executive Order. By rejecting the opaque leasing, the legislators from…

CS Oparanya backs leasing of state-owned sugar factories as new strategic managers take over

Sacco ReviewMay 13, 202508 mins

Cooperatives cabinet secretary, Wycliffe Oparanya, has strongly backed the government’s decision to lease state-owned sugar factories, saying the move is long overdue and critical to reviving a struggling sector. Speaking as the transition process officially began, Oparanya disclosed that most of the state-owned mills were in deep financial crisis, with many operating at a loss for…

State halts gambling ads to curb addiction

Sacco ReviewMay 13, 2025May 13, 202505 mins

The Government has imposed an immediate 30-day ban on all gambling advertisements across media platforms in a move to combat the normalization of gambling and its negative effects on society. The directive was issued by the Betting Control and Licensing Board (BCLB) under the Ministry of Interior, led by Chairperson Dr. Jane Mwakali Makau. A…

Senators evaluate ongoing agricultural initiatives in Bungoma County

Sacco ReviewMay 13, 202503 mins

Senators have conducted an oversight visit to Bungoma County to evaluate ongoing agricultural initiatives and engage with local stakeholders on sectorial challenges. The senators under the Senate Standing Committee on Agriculture, Livestock and Fisheries, chaired by Senator David Wafula Wakoli of Bungoma County first paid a courtesy call to the County Governor Kenneth Lusaka who…