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

Mobile money agent transactions hit 3-year low amid rising living costs

Sacco ReviewApril 22, 202604 mins

Kenyans are cutting back on the use of mobile money agents, with transaction values dropping to their lowest level in nearly three years as households grapple with rising living costs and shrinking disposable incomes. According to data from the Kenya National Bureau of Statistics (KNBS), the total value of transactions handled by telco and bank-linked…

State unveils strategy to transform sugar sector into bio-economy and energy hub

Sacco ReviewApril 22, 202603 mins

Kenya is in the process of transforming the vast sugar sector into a bio-economy and energy hub through a decisive shift from traditional sugar production to a diversified agro-industrial model focused on ethanol and renewable energy. Addressing the Informa Africa Sugar Conference, the Kenya Sugar Board (KSB) CEO and Chairman of the International Sugar Organization…

Ex-Mwietheri SACCO employee charged in alleged Ksh8.9 million fraud

Sacco ReviewApril 22, 202603 mins

A former employee of Mwietheri Savings and Credit Co-operative Organization (SACCO) Ltd has been charged with alleged fraud involving more than Ksh 9 million, following investigations by specialised detectives attached to the Sacco Societies Regulatory Authority (SASRA). Alfred Maina Munene was arraigned before the Gichugu Law Courts on Tuesday April 21, a day after his arrest…

Ministry of Trade, KIPI bank on Geographical Indications Bill to create jobs, boost farmers’ income

Sacco ReviewApril 21, 202606 mins

The Kenya Industrial Property Institute (KIPI) in conjunction with the Ministry of Investments, Trade and Industry is banking on the proposed Geographical Indications Bill, 2026, to transform Kenya’s agricultural and industrial sectors by boosting farmers’ incomes, creating jobs and positioning local products in premium global markets. The draft law seeks to establish a legal framework…

Gov’t rolls out second phase of NYOTA youth entrepreneurship training

Sacco ReviewApril 21, 2026April 21, 202603 mins

The government has officially kicked off the nationwide rollout of the second phase of classroom business skills training under the National Youth Opportunities Towards Advancement (NYOTA) Project, marking a major step in its effort to empower youth entrepreneurs across the country. The training, which began on April 20, Monday morning, is being conducted simultaneously in…

Cabinet Secretary, Ministry of Cooperatives and Micro, Small and Medium Enterprises Development Wycliffe Oparanya

Oparanya asks women to join Saccos for financial freedom

Sacco ReviewApril 17, 202607 mins

Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya wants women to prioritise savings, financial literacy and smart investments in order to gain financial independence. According to the CS, fewer women join savings and credit cooperative societies (Saccos) in Kenya compared to men which is detrimental to the overall national economic development of the country. “Saccos…

Edward Obwocha, Walimu Solidarity Savings and Credit Co-operative Chairman and KUPPET National Secretary, Secondary.

TSC approves Walimu Solidarity Sacco for more membership

Sacco ReviewApril 15, 202602 mins

Walimu Solidarity Sacco can now allow teachers outside union leadership to join the Sacco, following approval of the long-awaited check-off system by the Teachers Service Commission (TSC). The system allows for direct salary deductions of member contributions, a major step forward since the Sacco previously only served union officials due to the absence of a…

CS Oparanya unveils Deposit Guarantee Fund in SACCO sector shake-up

Sacco ReviewApril 15, 2026April 15, 202604 mins

Cabinet Secretary for Cooperatives and SMEs, Wycliffe Oparanya, has announced the introduction of a Deposit Guarantee Fund aimed at protecting members’ savings in SACCOs in the event of a SACCO collapse. Oparanya assured members that their deposits would be safeguarded, ensuring that they can recover their money even if their SACCOs fail. Speaking about the…

Jack Ranguma, SASRA Board Chairman. Photo/File

High stakes as stakeholders review experts’ report on Sacco reforms

Sacco ReviewApril 14, 2026010 mins

Stakeholders in the savings and credit co-operative sector are reviewing a report by a team of experts proposing far-reaching reforms that could reshape regulation, governance and operations of Saccos in Kenya. The proposals, which are now at the validation stage, come amid growing pressure to strengthen oversight, protect member savings and address emerging risks in…

Oparanya declares digital compliance mandatory for SACCO licensing

Sacco ReviewApril 12, 202604 mins

Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, has announced that no Savings and Credit Cooperative Society (SACCO) will be licensed to operate unless it demonstrates full commitment to digital transformation. Speaking at the recent Leadership, Ethics and Strategic Governance Forum, Oparanya warned that failure to modernize would erode public trust and ultimately destroy…