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

Government bans SACCOS from non-core investments amid financial crisis

Sacco ReviewAugust 7, 202507 mins

The government has barred all Savings and Credit Cooperative Societies (SACCOs) in Kenya from investing in non-core business activities until proper regulations and supervisory frameworks are in place. This decision comes amid rising concerns over financial mismanagement and instability within the SACCO sector, which has seen some cooperatives plunge into financial turmoil due to unregulated…

Treasury fast-tracks KPC stake sale to raise Ksh100 billion amid budget crisis

Sacco ReviewAugust 7, 202505 mins

The National Treasury has accelerated plans to sell a majority stake in Kenya Pipeline Company (KPC) as it seeks to raise Ksh100 billion to ease mounting financial pressure. The move comes as the government struggles to access funds from development partners and development finance institutions, prompting a shift toward privatization of profitable state corporations. Under…

Gov’t targets Narok, Bomet, Kericho and Nandi counties in coffee revival campaign

Sacco ReviewAugust 7, 202504 mins

The government has intensified efforts to revive Kenya’s coffee industry by extending sensitization meetings to Narok, Bomet, Kericho and Nandi Counties. The meetings are part of the ongoing Revival of Coffee through the Co-operative Societies Programme, led by New Kenya Planters Cooperative Union (New KPCU) and the Ministry of Cooperatives and MSMEs Development. This nationwide…

State upholds liquidation of Moi University Sacco, cites legal constraints

Sacco ReviewAugust 7, 202503 mins

The government has confirmed that the liquidation of the Moi University Savings and Credit Society (MUSCO) will proceed, despite protests and lobbying efforts by its members and local leaders. This decision, announced by Cooperative and MSME Development Cabinet Secretary Wycliffe Oparanya, follows a legal assessment that found no grounds for reversing the Sacco’s cancellation. Appearing…

Gatagua coffee farmers receive 30,000 seedlings in sector revival plan in Murang’a

Sacco ReviewAugust 6, 202502 mins

Farmers from Gatagua Coffee Farmers Cooperative Society in Murang’a County have received 30,000 coffee seedlings under the Revival of Coffee through Cooperative Societies Programme. The distribution was carried out by New Kenya Planters Cooperative Union (New KPCU PLC) as part of a nationwide effort to boost coffee production. The programme, led by New KPCU, targets…

How adjustments in Central Bank Rate (CBR) affect SACCOs’ lending business

Sacco ReviewAugust 6, 2025010 mins

An adjustment to the Central Bank of Kenya benchmark rate also known as the Central Bank Rate (CBR), a tool that provides a signal to guide how commercial banks charge customers for loans, has a significant effect on the way SACCOs do their lending business. “If commercial banks lower their lending rates below those offered…

State grants taxpayers waiver on late filing of Penalties and Interest

Sacco ReviewAugust 6, 202502 mins

The government has announced a significant relief for taxpayers, granting a waiver of penalties and interest on late filing of Income Tax returns for the year 2024. This decision comes after the National Treasury received a request from the Kenya Revenue Authority (KRA) to approve the waiver. The waiver, which applies to returns, filed by…

Meru MCAs table Ksh12 billion budget estimates with Agriculture given priority

Sacco ReviewAugust 6, 202503 mins

The Meru County Assembly has officially tabled the 2025/2026 itemized budget estimates totaling Ksh 12 billion, with priority being given to agricultural development and accountability in public funds use. The budget was presented on the floor of the Assembly by the Budget Committee Chairperson, Martin Makasi, who noted that previous budget disagreements were among the…

DP Kindiki reaffirms government’s effort to uplift small scale women traders in the country

Sacco ReviewAugust 5, 202504 mins

Deputy President Kithure Kindiki has reaffirmed that the government’s is committed to uplifting women small scale traders by offering them financial grants and construction of modern markets across the country. Addressing over 5000 women at his Irunduni home in Tharaka Nithi County, the DP said the government’s ongoing economic empowerment initiatives are part of the Bottom-Up…

EU compliance rules threaten Kenya’s coffee exports as deadline draws closer

Sacco ReviewAugust 5, 202506 mins

Kenya’s coffee industry is facing a looming challenge as the deadline for compliance with the European Union’s Deforestation-Free Products Regulation (EUDR) draws closer. The regulation, which aims to prevent imports linked to deforestation, requires all coffee destined for the EU market to be fully traceable and verified as not originating from deforested land after December…