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

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…

President Ruto unveils the Kshs 120 billion landmark LV Marina master planned development in kisumu

Sacco ReviewJune 2, 2025June 4, 202505 mins

President Ruto led the groundbreaking ceremony of affordable homes named LV Point within LV Marina a first of its kind, privately governed, master planned waterfront development. The massive project in Kisumu is set to become a cornerstone of inclusive growth, sustainable urbanization, and national pride in a defining moment of support for Kenya’s urban and…

Alarm over severe decline of donkey population, NGO calls for action

Sacco ReviewMay 30, 2025June 2, 202505 mins

Donkey population has reduced considerably and the situation is expected to worsen if nothing is done to protect the endangered animals, this is according to Africa Network for Animal Welfare (ANAW). The drop in number of donkeys is due to illegal slaughtering of the animals, the demand for their skins is still high and also…

KUSCCO seeks review of Tax Act for more equitable tax treatment for Saccos

Sacco ReviewMay 29, 202505 mins

Kenya Union of Savings & Credit Cooperatives (KUSCCO) has proposed amendments to Section 19A of the Income Tax Act to create a more equitable and neutral tax framework for all cooperative societies in Kenya, regardless of their form The current Income Tax Act (ITA) in Kenya presents a differential treatment between cooperative societies that is…

Court rules commissioner of cooperatives has the power to investigate saccos

Sacco ReviewMay 28, 202502 mins

Metropolitan National Sacco members have welcomed the high court ruling that stated that commissioner of cooperatives has the power to investigate any Sacco where misappropriation, theft mismanagement and breach of trust by management occur. Judge Rosyln Abuli indicated that the commissioner of cooperative is permitted by law to carry out the investigation. The ruling means…

CBK to pump KSh 180m into SafetyNet to protect SACCO cash

Sacco ReviewMay 27, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…

Former KUSCCO directors challenges order to vacate office

Sacco ReviewMay 27, 2025May 28, 202504 mins

In the midst of a growing leadership struggle within the Kenya Union of Savings and Credit Cooperatives (KUSCCO), former directors who were recently ousted from office are protesting the decision and the official removal order. The former directors who are now directors and executives in various SACCOs were removed from the KUSCCO office after the…