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

Gov’t to construct nuclear power plant in Siaya County, to boost power supply

Sacco ReviewJune 17, 202503 mins

The government through the Ministry of Energy has unveiled ambitious plans to establish a multi-billion dollar nuclear power plant in Siaya County. Energy Cabinet Secretary Opiyo Wandayi announced the initiative recently, highlighting the government’s commitment to ensuring an adequate and reliable power supply for industries, businesses, and homes. “This power plant will supply electricity to…

Gov’t to support 70 SMEs in every Ward via NYOTA program – Kindiki says

Sacco ReviewJune 17, 202504 mins

Deputy President Kithure Kindiki has revealed that the government is targeting to support 70 Small and Micro Enterprises (SMEs) in every Ward through the National Youth Opportunities towards Advancement (Nyota) Program. Each business will get a capital injection of Sh50, 000 to boost operations in order to grow the economy Prof Kindiki said. Speaking at…

Sacco stakeholders plant trees to mark Ushirika Environment Day 2025

Sacco ReviewJune 16, 2025June 17, 202502 mins

Sacco stakeholders on Saturday joined hands in a vibrant tree planting exercise at Jamhuri Show Grounds to celebrate Ushirika Environment Day 2025 under the theme “Co-operatives Build a Better World,” The exercise was in preparation for the 103rd International Day of Cooperatives, which will be observed on July 5th (county ushirika day celebrations) and 12th…

Unpacking the Cooperative Bill 2024: A new era for Kenya’s Cooperative sector

Sacco ReviewJune 14, 2025011 mins

As Kenya strides into a transformative phase of its economic landscape, the Cooperative Bill 2024 has emerged as a pivotal piece of legislation poised to reshape the country’s cooperative sector. The law before the Senate comes amid a backdrop of economic challenges and calls for reform. This bill promises to modernize governance, enhance accountability, and…

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…