Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Uchumi Supermarket PLC has emerged victorious in a commercial dispute with Aljazeera City Market after the High Court awarded the retailer KSh26.7 million in special damages for breach of a franchise agreement. The case revolved around an eight year franchise deal signed between the two parties in October 2018. The court found that Aljazeera had…
Standard Chartered Bank Kenya has blocked a KSh 7.09 billion payout to 629 former employees after obtaining a court order halting enforcement of a tribunal’s ruling. The decision comes after the Retirement Benefits Appeals Tribunal (RBAT) recently ordered the bank and its pension trustees to pay the retirees their revised benefits. The retirees, some of…
In a bid to bolster Kenya’s economy, the government through the Ministry of Cooperatives and MSMEs Development has joined forces with Equity Bank to support Small and Medium-sized Enterprises (SMEs) in accessing capital, expanding markets, and building institutional capacity. Speaking at the second edition of the Annual SME Conference, Cabinet Secretary Wycliffe Oparanya emphasized that…
Co-operatives and MSMEs Development CS Wycliffe Oparanya stood before SACCO leaders at Kenya Union of Savings and Credit Co-operatives (KUSCCO).on 23 June, 2025, and delivered an upbeat progress report on the sector clean-up launched after the KSh 13 billion KUSCCO scandal. He said investigative files have been handed over for prosecution and promised that “every…
Increased budgetary allocations to Kenya’s agricultural sector are expected to trigger a surge in demand for loans among members of agro-based SACCOs. This rise in credit demand is seen as a chance for SACCOs to enhance their loan portfolios, particularly for those directly supporting agriculture and rural development. With expectations of improved crop and animal…
In a landmark achievement for gender equity and inclusivity, the National Cooperative Gender Platform (NCGP) has successfully completed its validation process, marking a significant milestone in the cooperative sector. This development, announced recently, underscores a growing commitment to ensuring that cooperatives—long celebrated for their democratic and community-driven ethos—become equal playing fields for all genders. The…
SACCOs have been urged to embrace prudential regulatory frameworks by working closely with African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) and Policymakers to strengthen SACCOs Regulation for financial stability and also unlock their full potential as engines of inclusive economic transformation in Africa. This was arrived at during the official close of the…
Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME) has extended Kenya Jobs and Economic Transformation (KJET) Project applications deadline to 20th July 2025. The Cooperatives, Associations and other cluster-based entities have been urged to apply for the project before deadline. The KJET project is 5-year GOK project funded by the World Bank (2024-2029)…
Revenue streams at the Jaramogi Oginga Odinga Teaching and Referral Hospital, (JOOTRH) have increased from Ksh 30 million to Ksh 150 million between the financial year 2023-2024 and financial year 2024-2025 it has been revealed. Hospital chief executive officer Dr Richard Lesiyampe said the hospital board has now set a target of Ksh 2.5 billon…
Farmers of Inoi Cooperative society in Kirinyaga County is set to benefit from a 3-year program dubbed ‘Brewing the Future Coffee to Stay’, funded by German (Tchibo) under the Mount Kenya Sustainable Landscape and Livelihoods program (MSuLLi). The project led by the Rainforest Alliance aims to address the challenges in the coffee sector through promotion…
