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

Metropolitan Sacco officials charged over alleged ksh14.4 billion fraud

Sacco ReviewMay 26, 2026May 26, 202603 mins

Nineteen current and former officials of Metropolitan National Sacco have been charged in court over an alleged KSh14.4 billion fraud scheme and a series of violations of Kenya’s Sacco regulations linked to the management of the institution between 2012 and 2021. According to court documents presented by the prosecution, the accused persons face a principal…

National Assembly Departmental Committee on Finance and National Planning chair Molo MP Kuria Kimani.

Stakeholders back tax Amnesty in Finance Bill 2026, seek extended deadlines

Sacco ReviewMay 26, 202606 mins

Stakeholders appearing before the National Assembly Departmental Committee on Finance and National Planning have largely welcomed the government’s proposal to introduce a new tax amnesty programme under the Finance Bill, 2026, describing it as a significant relief measure for businesses burdened by outstanding tax liabilities. The proposed amnesty targets tax liabilities accrued up to December…

Finance Bill 2026: M-Pesa not targeted in proposed digital tax measures

Sacco ReviewMay 26, 202604 mins

Treasury Cabinet Secretary John Mbadi has moved to calm public fears over the Finance Bill 2026, insisting that Safaricom’s M-Pesa platform will not be affected by proposed tax changes on digital money transfer services. Speaking at a press conference on Monday, May 25, 2026, Mbadi said the government’s focus is on ICT-driven digital intermediaries rather…

Fortune Sacco rolls out member engagement drive at Nairobi branch

Sacco ReviewMay 26, 202603 mins

Fortune DT Sacco has launched an on‑ground member engagement and business activation campaign at its Nairobi Branch, targeting small and medium‑sized enterprises (SMEs) and existing members with tailored financial solutions. The initiative focuses on strengthening relationships through financial awareness sessions, deposit mobilisation, merchant account activation, and new member onboarding. Officials said the campaign is designed…

Kenya-Germany pact to unlock financing for youth and women-led enterprises

Sacco ReviewMay 26, 202603 mins

The Ministry of Co-operatives and MSME Development has signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV) that would open new financing opportunities for entrepreneurship, investment, and financial empowerment among young people and women-led enterprises. The deal, signed by Principal Secretary for Cooperatives Patrick Kilemi, aims to bridge the persistent…

Kenya, Germany sign MoU to reform cooperative sector, protect members’ savings

Sacco ReviewMay 25, 202604 mins

Kenya’s cooperative movement is set for sweeping reforms after the Ministry of Co-operatives and MSME Development signed a Memorandum of Understanding (MoU) with the German Cooperative and Raiffeisen Confederation (DGRV), a partnership officials say will tighten governance, strengthen financial oversight, and safeguard millions of members’ investments. The deal, signed by Principal Secretary for Cooperatives Patrick…

Kenya to host Global Avocado Summit as industry eyes expanded markets

Sacco ReviewMay 25, 202603 mins

Kenya will host the sixth edition of Avocado Africa 2026, a major international summit that is expected to draw leading players in the global fruits and vegetables industry. The four‑day conference, scheduled for May 26–29 at the Sarit Expo Centre in Nairobi, will bring together farmers, exporters, investors, policymakers, researchers, development partners and agribusiness leaders…

Why Saccos should adopt Anti-Money Laundering Software

Sacco ReviewMay 25, 2026012 mins

As your Savings and Credit Co-operative (Sacco)expands its influence and network, you are likely to face various risks, such as money laundering. Anti-Money Laundering, commonly referred to as AML, is a set of laws, regulations, and procedures designed to prevent and detect illegal financial activities, primarily money laundering. The primary purpose of AML measures is…

Kakamega Governor backs Likuyani ATM Sacco animal feeds processing plant

Sacco ReviewMay 25, 202603 mins

Kakamega Governor Fernandes Barasa has thrown his weight behind the Likuyani Afya, Taaluma na Maendeleo (ATM) Sacco’s bid to establish an animal feeds processing plant, pledging the county government’s full support for the initiative at a fundraising event held at Ivugwi Secondary School in Likuyani Ward. The project, which seeks to strengthen the agricultural value…

Govt pushes Ksh4.5 billion tea factories modernization to boost farmer earnings

Sacco ReviewMay 24, 2026011 mins

The government, through the Ministry of Agriculture and Livestock Development, is mobilizing Ksh4.5 billion to modernize tea processing and expand value-addition infrastructure in a move aimed at boosting farmers’ earnings, lowering production costs, and strengthening Kenya’s position in the global tea market. The upgrade programme, which targets aging factories and weak value addition capacity within…