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

Matatu SACCOs risk shut down as CS Oparanya orders for review

Sacco ReviewSeptember 25, 202505 mins

Cabinet Secretary (CS) for Co-operatives and MSMEs Development, Wycliffe Oparanya, has raised concerns over the misclassification of Transport Cooperatives as Savings and Credit Cooperative Societies (SACCOs), urging for a comprehensive review of their structure and regulatory oversight. Speaking during the official release of the Sacco Supervision Annual Report 2024, Oparanya noted that several entities operating…

CS Oparanya calls for strict oversight of audited SACCO accounts to boost accountability

Sacco ReviewSeptember 25, 202503 mins

The Co-operatives and MSMEs Development Cabinet Secretary, CS Wycliffe Oparanya have called for financial accountability, directing Sacco Societies Regulatory Authority (SASRA) and the Commissioner of Cooperatives to enforce strict oversight of audited SACCO accounts. Speaking during the SACCO Supervision Annual Report 2024 launch in Nairobi, CS Oparanya said such reforms is aimed at tightening financial…

Kenya’s SACCO sector surges past Ksh 1 trillion, CS Oparanya reveals

Sacco ReviewSeptember 25, 202507 mins

In a resounding affirmation of the cooperative movement’s vitality, Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have shattered the Ksh 1 trillion barrier in total assets, cementing their status as a cornerstone of the nation’s financial ecosystem. The landmark achievement was unveiled by Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs), Wycliffe…

CS Kagwe launches Orthodox Tea Trading Window to boost export and production

Sacco ReviewSeptember 24, 202505 mins

Agriculture and Livestock Development Cabinet Secretary, (CS)Mutahi Kagwe has officially launched the Orthodox Tea Trading Window at the Mombasa Tea Auction, signifying the Government’s commitment to enhancing the production and export of specialty teas. The 2,925 packages, which are equivalent to 91,798 kilos of Orthodox tea is the first of many that will see tea…

Hope for former KCC workers as gov’t commits timeline to clear unpaid benefits

Sacco ReviewSeptember 24, 202505 mins

Former employees of the defunct Kenya Cooperative Creameries (KCC), who have spent almost three decades fighting for their unpaid benefits, have received renewed hope after the government committed to resolving their claims within a clear timeline. Appearing before the Senate Committee on Labour and Social Welfare on Tuesday, Cabinet Secretary for Cooperatives and MSMEs Development,…

CS Mugaa launches Ksh310 Million irrigation project in Meru

Sacco ReviewSeptember 24, 202506 mins

Water and Sanitation Cabinet Secretary Eric Muriithi Mugaa and Principal Secretary for the State Department of Irrigation, Ephantus Kimotho have officially launched a Ksh 310 million irrigation project in Ugoti, Igembe South in Meru County, ushering in what residents hailed as a new era of prosperity. For years, farmers in the region have battled with…

MPs debates motion to zone agricultural and built land use in rural areas

Sacco ReviewSeptember 24, 202503 mins

Members of Parliament, MPs are considering motion seeking the formulation of a national Land Use Policy to guide the zoning of land for agriculture and built development. The motion, sponsored by Westlands MP Timothy Wanyonyi, proposes a policy framework that will ensure effective land use in rural areas to prevent further loss of arable land…

CS Kagwe urges counties to partner with national government to transform livestock sector

Sacco ReviewSeptember 24, 202504 mins

Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe, has called on counties to partner with the national government in transforming Kenya’s livestock sector into a pillar of food security, rural livelihoods, and economic growth. Speaking during a joint consultative meeting with 24 ASAL Governors, he outlined priorities including rangeland restoration, sustainable animal feeds, livestock vaccination,…

Youth Fund disburses Ksh 200M to Kenyan youth working abroad

Sacco ReviewSeptember 23, 202503 mins

The Youth Enterprise Development Fund (YEDF) has reiterated its critical role in empowering young Kenyans through access to affordable financing, entrepreneurship training, market linkages, and labour mobility programs, aligning with the constitutional commitment to youth advancement. YEDF Corporate Communications Manager Benson Muthendi has highlighted the Fund’s recent achievements, including the disbursement of Ksh 200 million…

MSME lending jumps to ksh153 Billion surpassing Ksh150B banks’ target

Sacco ReviewSeptember 23, 202503 mins

Kenya’s banks have surpassed their annual lending target to Micro, Small and Medium Enterprises (MSMEs), exceeding the Ksh150 billion target by 2% to a total of Ksh153 billion. This was announced by Raimond Molenje, the Chief Executive Officer of the Kenya Bankers Association (KBA), during the launch of the Nature Positive Financing Assessment Report. Molenje…