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

Long-delayed Kisumu road project regains momentum after funding boost

Sacco ReviewJune 12, 202608 mins

A parliamentary committee has expressed satisfaction with the progress of the long-delayed Ksh16.7 billion Mamboleo-Miwani-Chemelil-Muhoroni road project, saying accelerated construction works and improved funding have put the flagship infrastructure project back on track. The National Assembly Departmental Committee on Roads and Transport, led by Vice Chairperson Didmus Barasa, made the assessment after inspecting the project…

Newly elected ICA Africa Chair Malonza calls countries to reduce dependence on imports

Sacco ReviewJune 12, 2026June 12, 202605 mins

Newly elected chairperson of the International Co-operative Alliance Africa, McLoud Malonza, has called for stronger regional supply chains and reduced dependence on imports, saying Africa’s long-term prosperity depends on producing more of what it consumes. Malonza, who also chairs Co-operative Bank Holdings and the Co-operative Alliance of Kenya (CAK) was elected unopposed after securing all…

Gov’t plans to end zero-rated VAT for affordable housing

Sacco ReviewJune 12, 202604 mins

The government has announced plans to scrap the zero-rated Value Added Tax (VAT) status currently applied to affordable housing projects, signalling a major change in the taxation of one of its flagship development programmes. Speaking during a press briefing, National Treasury Cabinet Secretary John Mbadi said the proposed reforms will be included in the 2026…

NSSF issues guidelines for families to access deceased members’ savings

Sacco ReviewJune 12, 202602 mins

The National Social Security Fund (NSSF) has released clear guidelines for beneficiaries seeking to retrieve savings belonging to deceased family members, following public inquiries on how to access such funds. According to the Fund, claimants are required to visit the nearest NSSF office with the original death certificate of the deceased, a copy of the…

Brookside Dairy pays out KSh255 million bonus to farmers

Sacco ReviewJune 11, 202603 mins

Milk processor Brookside Dairy has released KSh255 million in bonuses to its contracted farmers during the six months ending May 2026. The payouts were issued to suppliers who met quality standards and surpassed milk delivery targets under the company’s long-running incentive programme. The bonus, which is paid in addition to regular milk payments, is intended…

SASRA launches case digest to guide Sacco governance and dispute resolution

Sacco ReviewJune 11, 2026June 11, 202605 mins

The Sacco Societies Regulatory Authority (SASRA) has unveiled first-ever Cooperative Financial and SACCO Law Case Digest to guide Sacco governance and dispute resolution. The digest was launched by the Principal Secretary for the State Department for Cooperatives, Patrick Kilemi, during the 2026 Regulatory Policy and Legal Roundtable for Deposit-Taking SACCO Societies. The publication was developed…

Parliament reopens Tea Amendment Bill scrutiny after conflict of interest ruling

Sacco ReviewJune 11, 202608 mins

The National Assembly’s Departmental Committee on Agriculture and Livestock has resumed fresh consideration of the Tea (Amendment) Bill, 2023, after Speaker Moses Wetang’ula directed a new review of the legislation following a conflict of interest complaint against a member of parliament. Wetang’ula’s ruling followed a complaint by Nyeri tea farmer Dr John Omanga, who questioned…

SACCOs should access full deposits from Deposit Guarantee Fund, says Credence Africa

Sacco ReviewJune 11, 2026June 13, 202604 mins

Credence Africa Executive Director Muthoni Njoroge, has called for a review of the Sacco Societies (Amendment) Bill, 2025, to ensure that SACCOs fully benefit from the proposed Deposit Guarantee Fund (DGF), rather than receiving compensation through a fixed percentage. Speaking at the Cooperative Expo 2026 at Uhuru Park, Nairobi; Muthoni highlighted that the DGF, which…

SASRA issues governance ultimatum to NWDT SACCOs

Sacco ReviewJune 11, 202608 mins

Kenya’s cooperative regulator has issued its starkest warning yet to non-withdrawable deposit-taking savings societies, telling their leadership that structural reform and professional governance are no longer optional as the sector steers towards a new legislative framework. The Sacco Societies Regulatory Authority (SASRA) convened its inaugural Regulatory Round Table for Non-Withdrawable Deposit-Taking (NWDT) SACCOs on April…

Insider loans emerge as new risk for co-operatives

Sacco ReviewJune 11, 202608 mins

Insider loans are emerging as a growing threat to the stability of co-operatives, with recent disclosures showing how senior officials in some savings societies have borrowed heavily against member funds and later defaulted, exposing governance gaps and weak credit risk controls. The concern is now gaining urgency across the sector as new audit findings and…