Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kenya Union of Savings and Credit Co-operatives (KUSCCO) is set to auction properties to recover Ksh1.36 billion in unpaid loans from SACCOs that secured funding against deposits worth Ksh368 million leaving a massive shortfall of nearly Ksh988 million. KUSCCO has since issued demand letters requiring defaulting SACCOs to submit payment or a formal repayment…
The legitimacy of two key cooperative sector funds has come under parliamentary scrutiny, with Members of Parliament (MPs) demanding urgent reforms and full disclosure from the State Department for Co-operatives. The Special Funds Accounts Committee, chaired by Migori MP Fatuma Zainab, has directed the department to submit all outstanding audit documents to the Office of…
President William Ruto has referred the Pensions (Amendment) Bill (National Assembly Bill No. 44 of 2022) back to the National Assembly for reconsideration in line with Article 115 of the Constitution. The Bill, which was sponsored by Kimilili Member of Parliament Didmus Barasa seeks to amend the Pensions Act (Cap 189) to provide statutory timelines…
Ministry of Agriculture Livestock Development alongside partners: PULA Advisors, The Bayer Foundation, Lemonade Foundation, SOMPO Digital Lab, and Etherisc have launched an initiative that integrates agricultural insurance into Kenya’s National Fertilizer Subsidy Program. The pilot phase, targeting 250,000 smallholder farmers across 11 counties of Makueni, Kisii, Migori, Meru, Nyeri, Trans Nzoia, Kakamega, Kericho, Nakuru and…
Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe has held a meeting with lessees of the four state-owned sugar factories (Nzoia, Sony, Chemilil, and Muhoroni), to evaluate progress on the ongoing lease agreements and address outstanding concerns affecting the sector. The meeting which was held in Nairobi focused on a range of critical issues,…
The Insurance Regulatory Authority (IRA) has struck 20 brokerage firms off the industry’s register, citing non-compliance with statutory regulations. These firms are barred from conducting insurance transactions as of June 30, 2025. “The Insurance Regulatory Authority (IRA) hereby notifies the public of the de-registration of twenty insurance brokers under Section 196 of the Insurance Act,”…
Traders at Gakoromone market in Meru town have been left in shock after a vehicle lost control and rammed into roadside market traders, injuring five people in the process. The incident occurred in the afternoon as traders were busy selling their merchandise at the busy market. Witnesses say the vehicle, which was slowly navigating through…
The 3rd Co-operative Movement Stakeholders’ Annual Conference and the 8th CUK Annual Scientific Conference 2025 will be held on 22nd July and 23 July in Naivasha. The conference is organized by The Co-operative University of Kenya (CUK), The State Department of Cooperatives (SDC) and Moshi Co-operative University (MoCU) Tanzania. Together with SDC, MoCU the CUK…
Hundreds of traders in Kisumu have benefited from an economic initiative by Internal Security Principal Secretary, PS Raymond Omollo aimed at improving their wellbeing. The traders have subsequently expressed support for recent government interventions aimed at improving livelihoods, including the distribution of tuk-tuks to small-scale business groups. The support follows an empowerment gesture led by…
Health Cabinet Secretary, (CS) Aden Duale has warned health facilities which engage in fraudulent activities through the Social Health Authority, (SHA) will be s Kisumuhut down, urging the public to be vigilante in monitoring such errant health facilities. The CS was speaking in on Wednesday when he officially launched the Taifa Care programme and the Digital…
