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

SMEs challenged to leverage on technology for growth, sustainability

Sacco ReviewFebruary 21, 202508 mins

Small and medium-sized enterprises (SMEs) have been challenged to leverage on technology and adopt industry networks to position their businesses better for growth. Industry players noted that for small businesses to flourish, adoption of technology is key as it helps in data management, enhanced protection against cyber threats, facilitates improved service delivery and enables access…

SASRA warns cooperatives of dire consequences for mismanaging funds

Sacco ReviewFebruary 21, 202506 mins

The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…

County Government of Busia launches training initiative for SACCO managers

Sacco ReviewFebruary 21, 202503 mins

The County Government of Busia has launched a major initiative to streamline the disbursement of agricultural funds by training SACCO managers in proper financial management and accountability. The initiative aims to ensure that government resources allocated to farmers are effectively utilized to promote economic growth. During the training session for 126 SACCO managers from 14…

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…

Co-op Bank reduces base lending rate by 2 per cent to 14.5 per cent

Sacco ReviewFebruary 14, 2025February 20, 202505 mins

The Cooperative Bank of Kenya customers can now smile all the way to the bank after the leading lender in the country announced that it has reduced its lending rate by 2 per cent. In a statement dated February 10, 2025 and signed by the Group’s Managing Director and Chief Executive Officer Dr. Gideon Muriuki,…

Kenya Shipyard to fabricate modern fibre boats for Kisumu County

Sacco ReviewFebruary 13, 202505 mins

The County Government of Kisumu has contracted Kenya Shipyard Limited to fabricate and supply six modern fiberglass boats for use in various landing beaches across the area. Making the announcement, Kisumu Governor Anyang’ Nyong’o said each of the modern boats is fitted with 25 to 40 horsepower engines and is fully equipped with cooler boxes…

Ministry of Lands raises alarm over forged title deeds at Kisumu land office

Sacco ReviewFebruary 13, 202503 mins

The Ministry of Lands, Public Works, and Housing and Urban Development raised the alarm over the high number of forged title deeds at the Kisumu land office. Cabinet Secretary for Lands, Public Works, and Housing and Urban Development Alice Wahome further noted that land disputes bordering on boundaries were also on the rise in Kisumu….

Embu moves to have all boda boda riders join saccos

Sacco ReviewFebruary 13, 202508 mins

The County government of Embu has launched campaigns to bring more than 8ooo boda boda riders under Savings and Credit Cooperative Societies (SACCOs) in a bid ensure soberness, decency and profitable financial management in the industry. In one of the most elaborate ever collaborations between the riders and the devolved government, Embu Governor Cecily Njagi…