Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Since 2023, Kenyans, especially those working in formal employment, have faced tough times with increased taxation and new statutory deductions eating into their payslips. Over the last three years, the government has increased deductions among salaried Kenyans with the Social Health Insurance Fund (SHIF), requiring a mandatory contribution of 2.75% of an employee’s gross monthly salary….
Mhasibu Sacco has unveiled its 2026-2030 strategic plan, outlining ambitious growth targets that include expanding membership to 100,000, tripling its asset base, and adopting artificial intelligence (AI) to modernise operations. Speaking during the launch, Chief Executive Officer Eunice Kanyi said the Sacco is confident of achieving the membership target well ahead of schedule. “Our target…
President William Ruto has handed over a 10,000‑litre milk cooler to Kangari United Dairy Cooperative Society in Kigumo Constituency, Murang’a County, in a move aimed at strengthening the dairy sector and improving farmers’ incomes. Ruto said the facility will help reduce post‑harvest milk losses, enhance value addition, and increase household earnings, thereby improving livelihoods for…
Agriculture Cabinet Secretary (CS) Mutahi Kagwe has cautioned farmer co‑operative societies against the growing habit of borrowing loans without clear repayment plans, warning that the government will no longer continue writing off debts that fail to benefit farmers. Speaking during a sector forum, Kagwe said stricter accountability measures have been put in place across agricultural…
Women are increasingly taking the reins of entrepreneurship, driving innovation and economic growth in the country. Globally, according to the World Bank, one-third of businesses worldwide have a woman among their principal owners. This number is steadily rising, with the number of startups with female founders doubling globally. Studies also suggest that women-led businesses are…
Co-operative Bank of Kenya has announced plans to restructure into a non-operating holding company, a move that will separate its core banking operations from the broader group and position the lender for regional expansion. The development carries direct implications for Kenya’s 15 million member cooperative movement, which controls the bank through Co-op Holdings Co-operative Society…
The Micro Enterprises Support Programme Trust (MESPT) officially launched its 2026–2030 Strategic Plan, bringing together key stakeholders committed to transforming Kenya’s agricultural and micro, small and medium enterprise (MSME) landscape, as the organisation moves to address deepening gaps in credit access, market linkages and climate resilience. The plan was unveiled at a stakeholder forum in…
The Micro and Small Enterprises Authority (MSEA), in partnership with SNV Netherlands Development Organisation, has launched the fifth phase of business awareness forums aimed at strengthening policy uptake and improving access to support services among micro, small and medium enterprises (MSMEs) across Kenya. The latest phase builds on four previous engagements and targets a more…
The Insurance Regulatory Authority (IRA) has cautioned members of the public against seeking insurance-related services from unlicensed operators. Speaking during the conclusion of the four-day grassroots engagement forum dubbed Bima Mashinani at the Kisii Agricultural Training Centre, IRA Corporate Communications and Public Relations Officer Evans Kibagendi noted the existence of illegal entities posing as insurance…
Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…
