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CS Oparanya urges African states to adopt Cooperative Model Law for inclusive growth

Sacco ReviewOctober 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs), Dr. Wycliffe Oparanya, has called on African governments to embrace the Cooperative Model Law as a reference point for national legislation aimed at strengthening the cooperative movement across the continent. Speaking during the 14th Africa Ministerial Cooperative Conference (AMCCO) held in Nairobi, CS Oparanya…

Oparanya takes over AMCCO leadership, pledges to elevate cooperative movement

Sacco ReviewOctober 13, 2025October 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Dr. Wycliffe Oparanya has officially assumed the role of Chair of the Africa Ministerial Cooperative Conference (AMCCO), pledging to champion regulatory reforms and elevate the cooperative movement across the continent over the next three years. Oparanya takes over from Major General Eng. Waleed Farouk…

SASRA sounds alarm over fake Saccos masquerading as genuine cooperatives

Sacco ReviewOctober 10, 2025011 mins

Sacco Societies Regulatory Authority (SASRA) has raised concern over the rise of unregulated, pyramid‑style entities masquerading as SACCOs, endangering the trust and work of the well-structured cooperatives. The SASRA said many, regulated SACCOs are safe havens: institutions that allow employees, informal sector workers, farmers, and diaspora Kenyans to pool savings, access loans, and build wealth,…

KUSCCO to auction Ksh1.7B properties in loan recovery drive

Sacco ReviewOctober 9, 202504 mins

The Kenya Union of Savings and Credit Cooperatives (Kuscco) has launched a massive recovery drive targeting Ksh1.7 billion worth of defaulted housing loans from 684 borrowers, in a renewed push to clean up its books and restore confidence in the cooperative sector. The auctions, scheduled for November 6, 14, and 28, will see houses and…

SASRA hosts Nigerian delegation to strengthen Sacco sector ties

Sacco ReviewOctober 9, 202507 mins

The Sacco Societies Regulatory Authority (SASRA) welcomed a high-level delegation from Nigeria recently, in a landmark event that underscored the growing collaboration between two of Africa’s economic powerhouses in the cooperative sector. Led by Senator Dr. Aliyu Sabi Abdullahi, CON, and Nigeria’s Minister of State for the Federal Ministry of Agriculture and Food Security, the…

SACCOs face liquidity constrain as employers withhold over Ksh 3B in non-remittances

Sacco ReviewOctober 9, 2025October 9, 202505 mins

Saccos are grappling with liquidity constrain as employers withhold over Ksh3 billion in non-remittances, the issue which has led to heavy loan defaults among employees. The heavy loan defaults have put the Saccos in a state of dilemma of whether to retain or abandon the check-off system for loan and savings deductions to remain stable….

Nairobi Coffee Exchange sale one results (October 7, 2025)

Sacco ReviewOctober 8, 202503 mins

Sale 1 of the 2025/2026 season took place on 7th October 2025, at the Nairobi Coffee Exchange. A total of 11,179 bags (695,939 kg) of coffee were sold across all brokers. The sale generated a total value of USD 5,222,913, equivalent to approximately Ksh 704 million, with an overall average price of USD 375.24 per…

KRA records Ksh 85.1Billion custom tax collection for September 2025

Sacco ReviewOctober 8, 202503 mins

Kenya Revenue Authority (KRA) has recorded another landmark achievement in customs tax collection, recording a historic monthly performance of Ksh 85.146 billion in September 2025. This represents the highest amount ever collected in a single month in the Authority’s history, surpassing the previous record of Ksh 82.554 billion set in January 2025. In September alone,…

Fibre industry revival on track as CS Kagwe pushes for new regulations

Sacco ReviewOctober 8, 202505 mins

The revival of Kenya’s cotton and sisal industries may soon become a reality following renewed efforts by the Ministry of Agriculture to operationalize the Draft Crops (Fibre Crops and Crop Fibres) Regulations, 2025. Appearing before the National Assembly Committee on Delegated Legislation, Agriculture Cabinet Secretary Mutahi Kagwe said the proposed regulations are critical to revitalizing…

Government orders KTDA to pay tea farmers Ksh2.7 Billion refund

Sacco ReviewOctober 8, 202504 mins

The government has directed the Kenya Tea Development Agency (KTDA) to release Ksh2.7 billion to tea farmers as part of their 2024–2025 bonus payments, following the recovery of funds previously held in two collapsed banks. In a letter addressed to KTDA Holdings Chief Executive Officer Wilson Muthaura, Principal Secretary in the State Department for Agriculture,…