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

Why SACCOs are reluctant to use Credit Scores in loan appraisals

Sacco ReviewJune 14, 2025013 mins

The Sacco Societies Regulatory Authority (SASRA) has expressed concerns that while credit scoring has immense value, SACCOs have been slow to adopt credit referencing fully, creating gaps in credit decision-making. The regulator also points to challenges in implementing effective credit-scoring systems, which have hampered responsible lending and long-term financial stability. According to the latest SACCO…

Stakeholders call for urgent solutions to devastating hacking cases

Sacco ReviewJune 14, 202504 mins

Following an increase in hacking in the country, attributed to massive tech job layoffs, which have in recent years plagued many enterprises, organizations have been urged to convert the negative energy of hackers into positive energy by creating opportunities for them. As a result of increased cyberattacks and ransomware, many institutions have been grappling with…

Sugar Belt Union pushes for more farmers’ representative slots in the decision making committee

Sacco ReviewJune 11, 202506 mins

The Kisumu sugar belt union now wants cane farmers to have more say in making of decisions affecting cane farmers. The members said that the composition of farmers in various committee was too minimal to make any meaningful impact. Union chairman Zedekiah Otene said more farmers should be incorporated in the pricing committee since they…

Counterfeit, illicit trade cost the government billion losses annually; ACA reveals

Sacco ReviewJune 10, 2025010 mins

Kenya loses an estimated Ksh100 billion annually to counterfeiting and illicit trade the Anti-Counterfeit Authority (ACA) has revealed. ACA’s Deputy Director-Research and Policy, Henry Maina, said statistics indicate that the government revenue loss was estimated at Ksh129.72 billion and Ksh153.1 billion in 2017 and 2018, respectively. According to the National Baseline Survey on Counterfeit and…

CS Oparanya orders Cooperatives, MSMEs to file annual returns or face deregistration

Sacco ReviewJune 9, 2025June 9, 202506 mins

Cabinet Secretary for Cooperatives and MSMEs, CS Wycliffe Oparanya, has ordered all cooperative societies that have not filed their annual returns to do so by June 30, or risk deregistration. “As stipulated under the Cooperative Societies Act, all cooperative societies, including unions, national cooperative organizations, and apex cooperatives, are required to file their annual returns…

MP Dawood urges President Ruto to order audit on Hustler fund

Sacco ReviewJune 6, 2025June 6, 202505 mins

North Imenti MP Rahim Dawood has urged President William Ruto to order an audit on Hustlers Fund in a bid to unravel how Ksh 6 billion was lost. The Hustler Fund, a flagship government initiative aimed at empowering low income Kenyans through accessible credit, is now grappling with a massive Ksh 6 billion loss, money loaned…

Fertilizer subsidies boosted food production by 50 per cent, President Ruto says

Sacco ReviewJune 4, 2025June 4, 202503 mins

President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…

Former metropolitan Sacco officials lose plea to halt probe

Sacco ReviewJune 4, 2025June 4, 202504 mins

The High Court has thrown out a petition filed by former officials of the troubled Metropolitan National Sacco, who were seeking to block investigations into financial mismanagement uncovered nearly three years ago. Lady Justice Aburili Roselyne Ekirapa, in a ruling delivered on May 21, 2025, rejected the plea and directed the disgruntled officials to seek…

Manufacturing sector’s contribution to Kenya’s GDP drop from 11.3% in 2010 to 7.3% in 2024

Sacco ReviewJune 3, 202505 mins

Kenya’s manufacturing sector’s contribution to Kenya’s GDP has been on a decline, this is according to the Kenya Association of Manufacturers (KAM). The association in a report to the National Assembly Departmental Committee on Finance and National Planning indicated that the sector contribution has been on the decline falling from 11.3% in 2010 to 7.3%…

Gov’t declares war on deadly farm chemicals

Sacco ReviewJune 3, 2025June 3, 202504 mins

Agriculture Cabinet Secretary Mutahi Kagwe has declared an all-out war on toxic farm chemicals, vowing to rid the country of hazardous substances. Speaking in Meru, Mutahi noted that cancer cases are on the rise and growing fears about food safety in the country. Kagwe’s announcement signals a new era for Kenyan farming, focusing on protecting…