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

Muka Mukuu Society in talks to turn historic Macmillan Castle into tourist site

Sacco ReviewDecember 17, 202503 mins

Muka Mukuu Farmers’ Cooperative Society has entered into negotiations with the National Museums of Kenya to transform the historic Macmillan Castle in Matungulu Sub‑county into a tourist attraction that could generate revenue for its members. Speaking during the society’s Annual General Meeting, Chairman Dominic Nthwao said the discussions are progressing well but urged members to…

Report: Kenya’s tax system reduces inequality but deepens poverty

Sacco ReviewDecember 16, 202504 mins

Kenya’s tax system is narrowing income inequality but simultaneously pushing more households into poverty, a new analysis by the Kenya Institute for Public Policy Research and Analysis (KIPPRA) has revealed. The findings paint a picture of a tax‑and‑spend framework that appears progressive on paper yet leaves many Kenyans worse off in practice. According to the…

Kenyan shilling strengthens to 17‑month high of 128.96 against dollar

Sacco ReviewDecember 16, 202503 mins

The Kenyan shilling has climbed to its strongest level in 17 months, opening at 128.96 against the US dollar. The shilling has been trading around the 129 mark for over a year, marking a rare stretch of stability after a turbulent period that saw it touch record lows. The shilling began pulling back from the…

Government urged to clear pending bills to ease cash crunch and revive economy

Sacco ReviewDecember 16, 202504 mins

Business leaders are calling on the government to prioritize the payment of pending bills, warning that delays have worsened the cash crunch affecting companies and slowed economic activity across the country. They argue that settling outstanding dues owed to contractors and suppliers would inject much‑needed liquidity into the economy and help struggling enterprises recover. Speaking…

The perils of playing guarantor in your SACCO

Sacco ReviewDecember 16, 2025011 mins

Listen up, SACCO members: If you’re about to slap your signature on a loan guarantee form for a colleague or another member, pause. Take a deep breath. Then shred that thing unless you’ve done your homework. In the cutthroat world of cooperative lending, guaranteeing a loan isn’t some noble act of camaraderie-it’s a financial landmine…

Kisumu to enforce mandatory SACCO membership for all 20,000 bodaboda riders

Sacco ReviewDecember 15, 2025December 15, 202505 mins

More than 20,000 boda boda riders in Kisumu County will from next year be required to register with SACCOs operating within their respective wards, in a move aimed at restoring order and improving safety in the sector. The Kisumu County Boda Boda Association chairman, Jacob Ogamba, said no rider will be allowed to operate without…

Yetu DT Sacco unveils five‑year plan to grow into a KSh20 billion institution

Sacco ReviewDecember 15, 202504 mins

Yetu DT Sacco has unveiled an ambitious five‑year expansion strategy aimed at transforming the cooperative into a KSh20 billion institution through infrastructure upgrades, digital innovation and community‑driven investments. The plan was announced recently during a Special General Meeting held at the Yetu Pamoja Investment Park in Nkubu, South Imenti constituency. Chief Executive Officer Dennis Kirimi…

Kapkoros tea farmers demand disbandment of board over alleged mismanagement

Sacco ReviewDecember 15, 202503 mins

Tea farmers under the Kapkoros Tea Factory Group of Companies are demanding the immediate dissolution of the board of directors, accusing it of prolonged mismanagement that they say has eroded their earnings and destabilized their livelihoods. The group comprises Kapkoros, Motigo, Tirgaga and Olenguruone tea factories. Led by farmer representative Alice Koros, the growers said…

Nationwide MSME training programme concludes as 94 business clusters begin mentorship phase

Sacco ReviewDecember 15, 202504 mins

The Micro and Small Enterprises Authority (MSEA) has completed nationwide classroom training for the first cohort of its Business Development Services (BDS) programme, marking a major milestone in efforts to strengthen small businesses under the Kenya Jobs and Economic Transformation (KJET) Project. The five‑week training, which began on November 10, 2025, reached 94 MSME clusters…

SACCO assets surge past KSh 1.16 trillion as risky lending outpaces member savings

Sacco ReviewDecember 15, 202505 mins

The SACCO sector is recording strong growth, but the expansion is increasingly being driven by aggressive lending rather than fresh savings, even as bad loans remain stubbornly high. New data from the sector show that while assets and credit are rising at a double‑digit pace, the quality and structure of that growth are tightening pressure…