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

MPs push for accountability and budget discipline to benefit Kenyans

Sacco ReviewSeptember 12, 202504 mins

Members of Parliament, (MPs) have emphasized that Kenyans must benefit fully from the digital economy through timely reforms, accountability, and prudent use of public resources. The National Assembly’s Committee on Communication, Information and Innovation had concluded an intensive oversight meeting with the Ministry of Information, Communication and the Digital Economy, scrutinizing budget implementation, stalled projects,…

SACCOs advised to adopt sustainable reporting to tackle climate, build trust

Sacco ReviewSeptember 11, 202505 mins

Savings and Credit Cooperative Organizations (SACCOs) have been advised to adopt sustainable reporting as part of efforts to strengthen climate risk management, improve transparency, and enhance customer confidence. Speaking during the opening of one week forum on audit, governance, and risk management for cooperatives at Voi yesterday, the Cooperative Alliance of Kenya (CAK) Chief Executive…

Kagwe encourages global investors to package tea in Kenya for market appeal

Sacco ReviewSeptember 11, 202504 mins

Agriculture Cabinet Secretary Mutahi Kagwe has called on global investors to package tea in Kenya for export to guarantee a higher value for their clientele. Speaking at the North America Tea Conference in South Carolina, Kagwe heaped praise on the Kenyan government for expunging taxes on packaging materials for agricultural products, hence making it affordable….

Machakos County lauded for digitized revenue gains

Sacco ReviewSeptember 11, 202506 mins

The Senate Standing Committee on Information, Communication and Technology (ICT) has commended Machakos County for its successful automation of revenue and financial management systems, which have significantly boosted local income. During an oversight visit led by Committee Chairperson Senator Allan Kiprotich Chesang (Trans Nzoia), the senators praised Governor Wavinya Ndeti for driving substantial reforms that…

Banks now prefer automation over upskilling, says KPMG Report

Sacco ReviewSeptember 11, 202505 mins

A new report by global advisory firm KPMG has revealed that banks across the world are prioritizing automation and digitization over up skilling their staff as they seek to cut costs and boost profits. According to the report, 38% of banks are focusing on automating processes, while 37% are digitising key functions to improve profitability….

Gov’t to lock out Hustler Fund loan defaulters from bank, SACCO loans

Sacco ReviewSeptember 11, 2025September 11, 202503 mins

The government has announced its intention to lock out Kenyans who have failed to repay Hustler Fund loans from accessing credit from banks, SACCOs, and other financial institutions. This was announced by the Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya in Mombasa during the Kenya Public-Private Sector MSMEs Dialogue, which brought together more than…

Government to work with Boda Boda riders to reform the sector, says DP Kindiki

Sacco ReviewSeptember 9, 202507 mins

Deputy President Prof. Kithure Kindiki has announced that the government is committed to work with boda boda operators in a bid to reform and empower the sector. Addressing the operators from Meru County at his Irunduni home in Tharaka Nithi County on Tuesday, the DP at the same time cautioned them against reckless behavior and…

Why Kenyans still prefer SACCO to Bank Loans

Sacco ReviewSeptember 8, 202509 mins

A move by commercial banks to cut their lending rates after intense pressure from monetary authorities is attracting the attention of many financial services users. Do these latest cuts in the price of bank loans pose any threat to SACCOs, considered serious players in the lending business and Kenya’s financial sector? “This trend to lower…

Why SACCOs are yet to fully embrace Credit Information Sharing

Sacco ReviewSeptember 8, 202507 mins

Ms. Ndegwa, in an interview with SACCO Review, said that the use of credit scoring as an assessment tool when considering whether to give a loan product to a SACCO member is already happening, particularly where SACCOs are offering mobile loans. “Members apply for mobile loans on online platforms using the mobile app and the…

Afya Sacco to hold delegates meeting amid financial irregularities

Sacco ReviewSeptember 6, 202503 mins

Afya Co-operative Savings and Credit Society Limited has convened a Virtual Delegates Meeting on September 22, 2025, as pressure mounts over a KSh550 million scandal that has rocked the country’s 60 year-old Sacco. The meeting notice, signed by Honorary Secretary A. Maweu, outlines a tense agenda that includes adopting financial statements, approving the 2026 budget,…