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

President Ruto commits KSh50 million to Shirikiana Sacco at launch

Sacco ReviewJune 13, 202605 mins

President William Ruto has committed KSh50 million to Shirikiana Sacco, pledging personal membership and investment in the newly launched cooperative at its unveiling at Masinde Muliro University of Science and Technology in Kakamega County on Saturday, June 13, 2026. In his address, President Ruto said he had agreed with Cooperatives and MSMEs Development Cabinet Secretary…

Women entrepreneurs still locked out of credit despite growing role in local economy

Sacco ReviewJune 13, 202605 mins

Women‑owned enterprises continue to face significant barriers in accessing business financing despite their expanding role in Kenya’s economy, new data shows. Figures released by Metropol Credit Reference Bureau (CRB) reveal that female‑led businesses account for just 27 per cent of outstanding MSME credit value, compared to 73 per cent for male‑owned firms. This means that…

Why more women need to join the cooperative movement, CS Oparanya

Sacco ReviewJune 13, 202607 mins

Socio-cultural norms, lack of information, and male-dominated management in key sectors also limit participation. Martin Gichangi, an economist in Nairobi says women mostly shun Saccos in Kenya due to low disposable Incomes. By Mwiti Mukunga Fewer women join Savings and Credit Cooperative Societies (Saccos) in Kenya compared to men which is detrimental to the overall…

President Ruto to grace the launch of Shirikiana SACCO in Kakamega

Sacco ReviewJune 13, 202604 mins

President William Ruto will preside over the official launch of Shirikiana SACCO at Masinde Muliro University of Science and Technology (MMUST) in Kakamega County on Saturday, June 13, 2026. The event, hosted by Cabinet Secretary for Co‑operatives and MSMEs Development, Wycliffe Oparanya, marks a significant milestone in advancing financial inclusion and strengthening the cooperative movement…

Mbadi: Hustler Fund disburses KSh 87bn, reaches 28 million accounts since launch

Sacco ReviewJune 12, 202605 mins

The National Treasury has announced that the Hustler Fund has disbursed Sh87 billion since its launch in 2022, reaching 28 million accounts and extending formal financial services to millions of Kenyans who previously had little or no access to credit. Treasury Cabinet Secretary John Mbadi revealed the figures while presenting the 2026/27 Budget Statement in…

Credit Bank commits KSh1 billion to boost MSMEs, expand branch network

Sacco ReviewJune 12, 202603 mins

Credit Bank has committed KSh1 billion in 2026 to support micro, small and medium‑sized enterprises (MSMEs) through financing and transaction banking solutions, in a bid to spur business growth and job creation across Kenya. The lender said the funds will be directed to businesses across diverse sectors, providing access to trade finance, working capital, asset…

Nandi County joins Heifer International in rollout of dairy fodder project targeting 50,000 farmers

Sacco ReviewJune 12, 202605 mins

Tens of thousands of smallholder dairy farmers in Nandi County stand to benefit from improved feed access and higher milk yields following the launch of a major agriculture initiative backed by Heifer International. The County Government of Nandi has officially joined Heifer International in rolling out the Transforming Yield Through Feed and Fodder Access in…

Tea Board bust myths on levy, says unsold stock crisis is a market season problem

Sacco ReviewJune 12, 2026010 mins

Tea Board of Kenya (TBK) has issued a clarification addressing misinformation surrounding the newly introduced Tea Levy. TBK insists the levy is not responsible for unsold tea stocks in Mombasa, price fluctuations, or reduced global competitiveness. The board says no abnormal tea stockpile exists at the Mombasa auction. By Benedict Aoya The Tea Board of…

Safaricom to compensate M-Teen Account innovator Ksh1.4 B over copyright infringement

Sacco ReviewJune 12, 202603 mins

The plaintiff alleged that Safaricom adopted his original idea after he presented it to company executives in 2021. The feature allows parents to monitor and control teenagers’ spending through linked mobile wallet details. Nairobi High Court ruled in favour of the innovators, finding that Safaricom implemented the idea as presented. By Ochola Victor Safaricom is…

Govt allocates Ksh50 billion to strengthen Affordable Housing programme

Sacco ReviewJune 12, 2026June 12, 202604 mins

Government has allocated Ksh50.6 billion for the Affordable Housing Programme in the 2026/27 financial year. Treasury CS John Mbadi said the investment is aimed at accelerating construction of affordable housing units nationwide. The programme is also expected to create jobs across the construction sector, including labour, materials supply, and related services. By Frank Mugwe The…