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

PS Mang’eni denies hustler funds misuse, Kshs 8 billion withdrawal from treasury

Sacco ReviewJune 20, 202504 mins

The State Department for Micro, Small and Medium Enterprises (MSMEs) Principal Secretary Susan Mang’eni has defended the Ksh8 billion allocated for the Financial Inclusion Fund (Hustler Fund) savings support, insisting it was never withdrawn from the National Treasury. In a statement on Thursday the PS stated that the initial capitalization of the Fund was Ksh20.2…

Gov’t allocates Ksh47.6 billion in 2025/26 budget to transform agriculture sector

Sacco ReviewJune 20, 2025June 20, 202507 mins

Cabinet Secretary for National Treasury and Economic Planning John Mbadi on Thursday, June 12, 2025 presented a Ksh 4.2 trillion spending plan for the 2025/26 financial year at Parliament buildings in Nairobi. The CS proposed an allocation of a total of Ksh 47.6 billion for various programs under agriculture sector. The allocation is expected to …

Oparanya directs large SACCOs to embrace delegate representation within six months

Sacco ReviewJune 19, 202505 mins

All Savings and Credit Cooperative Organizations (SACCOs) with membership exceeding 10,000 have been directed to implement a delegate system of representation within six months. The directive forms part of broader set suggestions intended to regulate the sector. The Ministry of Cooperatives and MSMEs Development, under the leadership of Cabinet Secretary Wycliffe Oparanya, observed that SACCOs…

ACCOSCA Academy hold inclusive citizens program to uplift women in Sacco sector

Sacco ReviewJune 18, 202503 mins

The African Confederation of Co-operative Savings and Credit Association (ACCOSCA) Academy has held inclusive citizens program to uplift women and also foster inclusive societies that thrive on diversity and equal opportunity. The seven days forum held in Nairobi, Kenya was attended by cooperative women leaders from 8 countries in Africa. Under Africa Co-operative Development Foundation…

ICA-Africa appoints Dr. Rose Karimi as new Regional Director

Sacco ReviewJune 18, 2025June 18, 202503 mins

The International Cooperative Alliance – Africa (ICA-Africa) has announced the appointment of Dr. Rose Karimi from Kenya as its new Regional Director. Dr Karimi is a former Cooperative Advisor at HealthPartners International Development. In her acceptance statement Dr Kirimi said her focus will be on empowering people, strengthening data and visibility, amplifying advocacy, securing sustainable…

Ushirika Day Council calls stakeholders to participate in Ushirika Day exhibition 2025

Sacco ReviewJune 18, 2025June 19, 202504 mins

The National Council of Ushirika Day celebrations has written to cooperative movement stakeholders to participate in Ushirika Day Exhibition 2025 International Day of Cooperatives, (Ushirika day) two days exhibitions. The exhibition will be held on 11th and July 12th July at the KICC grounds. In a notice dated 16th June 2025, from the Council chairman…

President Ruto assents Anti-Money Laundering bill that empowers SASRA in regulating Saccos

Sacco ReviewJune 17, 202505 mins

President William Ruto has assented to the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The head of state also signed into law the Insurance Professionals Bill (National Assembly Bills No. 13 of 2024). The Anti-Money Laundering and Combating of Terrorism Financing legislation is designed to strengthen Kenya’s framework for tackling money…

KEBS Board Chair calls for strengthening of security systems in public, private sectors to curb cyber-attacks

Sacco ReviewJune 17, 202506 mins

The Kenya Bureau of Standards (KEBS) Board Chairman Dr Chris Wamalwa has called for strengthening of security systems across the public and private sectors to secure the country against cyber-attacks. Wamalwa said the country was facing a growing scale and complexity of cyber threats targeting critical national infrastructure, corporates and financial institutions. This, he said has…

KR positions its Marine Division a key player in regional logistics as plans to expand emerge

Sacco ReviewJune 17, 202508 mins

Kenya Railways, (KR) is positioning its Marine Division as a key player in regional logistics, with bold plans to expand marine transport services across Lake Victoria. With two cargo vessels — MV Uhuru I and the recently commissioned MV Uhuru II — already operating on separate routes, the state corporation is capitalizing on growing demand…

Agriculture CS urges counties to protect ASK lands against grabbers, encroachment

Sacco ReviewJune 17, 2025June 17, 202505 mins

Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has firmly directed county governments across the country to protect Agricultural Society of Kenya (ASK) parcels of lands from encroachment and land grabbers. Speaking during the official opening of the 2025 ASK Kakamega show, Kagwe stressed that the property must remain under ASK’s control and be made…