Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The National Construction Authority’s (NCA) Nyanza Regional Coordinator Festus Mariera has revealed that the body has begun enforcing the newly enacted Building Code 2024, which took effect on 1st March 2025. He said the new arrangement will replace the outdated 1968 building regulations. Mariera said the new code introduces stricter safety measures, sustainable building practices,…
In a strategic move to foster business growth and reduce unemployment, the Kenyan government, through the Central Bank of Kenya (CBK), has implemented a reduction in interest rates. From 11.25% in 2024, the rates have been lowered by 75 basis points to 10.75% in 2025, with an additional 50 basis point cut anticipated. This move…
The Cooperative Bill (National Assembly Bill No. 7 of 2024) has been introduced in the Senate. In a public notice by Senate Clerk J.M. Nyegenye, the public has been asked to participate and share their views on the bill. This bill seeks to establish a legal framework that supports a sustainable and competitive cooperative sector…
Nyati Deposit-Taking SACCO has taken legal action against the insolvent Kenya Union for Savings and Credit Co-operative Organization (KUSCCO), seeking to recover a sum of KSh 86,433,583.00 held by the Union as Fixed Deposits. The case, with file number Milimani JR Application N.E 035 of 2025, is currently before the High Court of Kenya in…
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…
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…
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 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…
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…
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…
