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

President Ruto urges banks to boost MSME lending

Sacco ReviewJune 28, 202604 mins

President William Ruto has called on commercial banks to expand credit access for micro, small, and medium enterprises (MSMEs), warning that limited financing continues to stifle growth in one of Kenya’s most vital economic sectors. Speaking at the World MSME Day celebrations held at the Kenyatta International Convention Centre (KICC) in Nairobi, the President emphasized…

Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales

Sacco ReviewJune 27, 202604 mins

Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…

Sugarcane farmers urge president Ruto to act against cartels blocking sector reforms

Sacco ReviewJune 27, 202604 mins

Sugarcane farmers from the Nyanza region have called on President William Ruto to intervene decisively in the sugar industry, accusing entrenched cartels of undermining reforms and exploiting growers. The farmers, through the Kenya Sugarcane Growers Association, warned that recent gains in the sector risk being eroded unless the government cracks down on vested interests. Speaking…

Nicco Movers Sacco resumes operation after suspension by NTSA

Sacco ReviewJune 27, 2026June 27, 202604 mins

Nicco Movers Sacco will resume operations following an order from the Transport Licensing Appeals Board (TLAB) after being suspended by the National Transport and Safety Authority (NTSA) over the alleged death of a Kenya Medical Training College (KMTC) student. Eugine Mutuku was allegedly thrown out of a moving vehicle, registered under NICCO Sacco, without consideration,…

Parliament summons CS Wahome over stalled housing projects nationwide

Sacco ReviewJune 27, 202606 mins

Parliament has summoned Lands and Housing Cabinet Secretary Alice Wahome to a Speaker’s Kamukunji session scheduled for Thursday, July 2, to respond to concerns over stalled projects across the country, including the Affordable Housing Programme, one of the Kenya Kwanza administration’s flagship initiatives. National Assembly Speaker Moses Wetang’ula issued the directive on Thursday, June 25,…

Uasin Gishu boosts cooperative societies through capacity-building initiative

Sacco ReviewJune 26, 202604 mins

The Uasin Gishu County Government has intensified efforts to strengthen cooperative societies through a comprehensive capacity-building programme aimed at improving governance, promoting enterprise growth, and creating employment opportunities. Speaking on Thursday June 25, during a training session attended by members of more than 40 boda boda Savings and Credit Cooperative Societies (SACCOs), Governor Jonathan Bii…

Oparanya urges SASRA to strengthen institutional capacity, embrace technology

Sacco ReviewJune 25, 202604 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, has urged the Sacco Societies Regulatory Authority (SASRA) to strengthen its institutional capacity, embrace technology, and prepare for the proposed expansion of its regulatory mandate to enhance oversight of the cooperative financial sector. Oparanya made the remarks during a Board and…

Kirubia Cooperative to revive coffee farming through new leadership

Sacco ReviewJune 24, 202603 mins

The Kirubia Farmers’ Cooperative Society has shared its plans towards improving the quality of coffee production, farmers’ timely compensation, and the factory upgrade through the newly elected management. Chairperson Alfan Gitari Njeru, speaking after the polls, said the new leaders will work closely with members to address long‑standing challenges and ensure the cooperative regains its…

PS Kilemi strengthens cooperative ties in meeting with global apex body DGRV

Sacco ReviewJune 24, 202603 mins

Principal Secretary for the Department of Cooperatives Patrick Kilemi has paid a courtesy call to the offices of the German Cooperative and Raiffeisen Confederation (DGRV), a global cooperative apex organisation that supports the strengthening of governance, institutional capacity, financial oversight, and value chain development in cooperative movements. According to the ministry’s social media post, the…

Meru ranked second nationally in Development Funds absorption- COB Report

Sacco ReviewJune 24, 2026June 24, 202605 mins

Meru County has emerged as one of the top performers in the use of development funds after recording a 54 percent absorption rate, ranking second nationally according to the Controller of Budget’s Third Quarter Report for the 2025/26 financial year. The report places Nandi County at the top with a 55 percent absorption rate, while…