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

Government to implement decisive measures to curb Saccos’ financial mismanagement

Sacco ReviewFebruary 20, 202506 mins

Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises Development, Wycliffe Oparanya, has assured that the national government is taking decisive steps to curb financial mismanagement in Saccos across Kenya. His remarks follow the alleged misappropriation of KSh 82.8 million at the Kenya Union of Savings and Credit Cooperatives (KUSCCO), raising concerns over financial…

KUSCCO officials charged in connection with KSh83m theft freed on KSh14.5m bail

Sacco ReviewFebruary 19, 202503 mins

Former officials of Kenya Union of Savings and Credit Cooperatives Limited (KUSCCO) who have been charged in connection with theft of KSh83 m from the union have been released on a cumulative KSh14.5 million cash bail. The five George Magutu Mwangi, George Otieno, George Owino, Jackline Atieno and Mercy Muthoni were presented in court on…

LVTA CEO calls for decentralization of Tourism Regulatory Authority to boost community-based projects

Sacco ReviewFebruary 17, 2025February 17, 202505 mins

Lake Victoria Tourism Association Kenya (LVTA) CEO Charles Kataro now wants the Tourism Regulatory Authority functions decentralized to county governments to help oversee the implementation of community-based tourism projects. In his submission during a public participation forum on Tourism Policy and Tourism Amendment Bill 2024, in Kisumu, Kataro stated that the proposal would ensure revenue-sharing. He further…

Kamuthi Farmers Co-operative Society looses Ksh10 Billion land to Nairobi County

Sacco ReviewFebruary 12, 2025February 12, 202507 mins

Kamuthi Farmers Cooperative Society Limited lost 176 acres of land in Kiambu worth Ksh 10 billion to Nairobi City County. The Sacco lost an appeal in court against the county government in pursuit of the land in a matter that has been prolonged in court for 33 years. Court of Appeal judges David Musinga, Sankale…

SASRA publishes list of approved external auditors for Saccos in the year 2025

Sacco ReviewJanuary 27, 202503 mins

The Sacco Societies Regulatory Authority (SASRA) has published a list of approved and registered external auditors for Saccos. This is in accordance with Section 45(b) of the Sacco Societies Act and SASRA’s guidelines. The external auditors have been duly approved and registered by the Authority to provide auditing services to regulated Saccos in Kenya for…

Govt launches online platforms (ardhisasa) for land transactions

Sacco ReviewJanuary 23, 2025January 23, 202502 mins

The Ministry of Lands, Public Works, Housing and Urban Development has stopped use of old generation mutation forms for land transactions. The ministry has instead developed online platforms (ardhisasa) to assist in land transactions in the country. In statement by Director of Surveys Maritim Weldon dated 14th January 2025,the ministry says the online platform will…

Samburu County women rep calls for greater support for women-led innovations

Sacco ReviewJanuary 21, 202503 mins

Samburu County Woman MP Pauline Lenguris has called for greater support for women-led innovations in natural resource management. While engaging researchers, policy makers, NGOs and civil society organizations across the globe the MP Lenguris highlighted some of the innovative empowerment programs that Samburu women have involved themselves in. “Women of Samburu have resolved to traditional…

CS nominee Kagwe proposes consultative approach in livestock vaccination program

Sacco ReviewJanuary 16, 202503 mins

Cabinet Secretary Nominee Mutahi Kagwe (Agriculture and Livestock Development) has proposed a consultative approach in the livestock vaccination program. The former Health CS said the decision to vaccinate livestock ultimately lies with the owner. Experts will be involved to address misconceptions and provide facts. Speaking during the vetting exercise by the Committee on Appointments, Kagwe…

Uriri residents laud govt for fast-tracking Gogo Power Substation expansion

Sacco ReviewJanuary 9, 2025January 9, 202505 mins

Uriri residents have lauded the government for fast-tracking the expansion of the multimillion Kenya Electricity Generating Company (KenGen) Gogo Power Substation, whose groundbreaking ceremony is set for early this year. Area Member of Parliament Mark Nyamita has been leading a major campaign aimed at compensating residents whose parcels have been taken over. Nyamita tabled the…

Govt budget cuts affects agencies that provide loans to youth, women

Sacco ReviewJanuary 8, 202503 mins

The National Government has cut budget for agencies that provide cheap credit to youth and women. Affected agencies include Women Enterprise Fund, Uwezo Fund, Youth Enterprise Development (YEDF) and the Hustler Fund. A report by the Controller of Budget indicates that the National Treasury did not provide loans in the three months to end of…