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

Treasury raises penalties to rein in predatory digital and microfinance lenders

Sacco ReviewFebruary 25, 202604 mins

The Treasury has unveiled tougher measures against digital and microfinance lenders accused of exploiting Kenyans with excessive interest rates and aggressive debt collection practices. While appearing before senators, Treasury Cabinet Secretary John Mbadi said that fines for violating the Banking Act have been increased from KSh500,000 to KSh2 million. He said the move is intended…

CIS-Kenya appoints Andrew Kioi Njeru as CEO

Sacco ReviewFebruary 25, 202603 mins

The Credit Information Sharing Association of Kenya (CIS-Kenya) has appointed Andrew Kioi Njeru as the new Chief Executive Officer (CEO). This was announced by the Association’s Governing Council, which stated that his appointment takes effect as from February 16, 2026. “The Governing Council of the Credit Information Sharing Association of Kenya (CIS-Kenya) is pleased to…

Sidian Bank to work with SACCOs to spur growth

Sacco ReviewFebruary 25, 202605 mins

The Sidian Bank has reaffirmed its commitment in working with Saving and Credit Cooperative Organisations (SACCOs) to leverage itself through partnerships and linkages in order to spur growth. The banks’ Chief executive officer Chege Thumbi said that SACCOs can serve as trusted financial partners throughout members’ life journeys. Speaking in Kisumu during the Kenya Teachers…

Cooperatives and MSMEs CS Wycliffe Oparanya before Members of the Committee on Trade, Industry and Cooperatives.

State Department for Cooperatives has Ksh7.816 Billion shortfall, Oparanya says

Sacco ReviewFebruary 25, 202604 mins

The Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Wycliffe Oparanya has revealed that the Ministry grappling funding gaps, calling on Members of the Committee on Trade, Industry and Cooperatives to support in addressing the shortfall. Oparanya who was speaking before the committee on Monday said the State Department for Cooperatives has…

IG SACCO gets new chairman as society eyes more growth amid retirees call for inclusion

Sacco ReviewFebruary 24, 202605 mins

The Invest and Grow Savings and Credit Cooperative Organization (IG SACCO), has welcomed Rodgers Waswa as its new chairman, taking over from Kennedy Keya who has completed his tenure. This was announced during the members education programme held at Friends church Shirugu. The outgoing Chairman in his speech read by the IG Sacco treasurer Wycliffe…

SASRA advertises CEO position

Sacco ReviewFebruary 24, 202603 mins

The Sacco Societies Regulatory Authority (SASRA) has announced a vacancy for the position of Chief Executive Officer (CEO), setting the stage for the recruitment of a substantive head to steer the regulation of Kenya’s SACCO sector. In a notice on Tuesday, February 24, inviting applications, the Authority said the successful candidate will be appointed on…

KRA on boards over 500 fuel stations onto eTIMS fuel module

Sacco ReviewFebruary 23, 202607 mins

The Kenya Revenue Authority (KRA) has on boarded over 500 fuel stations onto the Electronic Tax Invoice Management System (eTIMS) fuel module following its rollout in December 2025. The on boarded stations represent approximately 16 percent of fuel stations nationwide. KRA has stated that the eTIMS Fuel Module is designed to provide end-to-end visibility of petroleum …

Meru Dairy Cooperatives conferred ISO Certification

Sacco ReviewFebruary 23, 2026February 23, 202603 mins

The Meru Central Dairy Cooperatives Union was on Tuesday February 19 conferred ISO Certification after union’s training on the Quality-Based Milk Payment System (QBMPS) and their commitment to proceed with a full rollout. The Conferment led by the Principal Secretary in the State Department of Livestock Development Jonathan Mueke represented a well-deserved recognition of years…

PS Mueke urges dairy farmers to adopt quality-based payment systems to enhance milk quality

Sacco ReviewFebruary 23, 2026February 23, 202604 mins

The State Department for Livestock Development Principal Secretary Jonathan Mueke has urged dairy farmers to embrace quality-based payment systems (QBPS) in their co-operatives to improve milk quality and increase earnings. Speaking during a farmers’ training forum held in Meru County, PS Mueke highlighted that cooperatives adopting QBPS will shift the focus from milk volume to…

Sacco gets Ksh70M boost from World Bank to cushion pastoralist communities

Sacco ReviewFebruary 23, 202603 mins

The Savings and Credit Cooperative Organization (SACCO) has received a Ksh 70 million cheque under the World Bank–supported De-Risking Inclusion and Value Enhancement of Pastoral Economies (DRIVE) Project, a strategic initiative designed to transform livestock-based enterprises and strengthen pastoralist livelihoods across the county. The cheque handover was facilitated through the Kenya Development Corporation (KDC). It…