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

Stakeholders call for urgent solutions to devastating hacking cases

Sacco ReviewMay 27, 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 (hacking) and ransomware, many institutions have been grappling…

Cooperators from eight countries in Africa benefit form financial training by ACCOSCA

Sacco ReviewMay 26, 2025May 26, 202503 mins

Cooperators from eight countries in Africa and beyond have benefitted from the impactful Financial Coaching Certification Class of May 2025 organized by The African Confederation of Co-operative Savings and Credit Association (ACCOSCA). The ACCOSCA Academy Center of Excellence addressed psychological aspects of financial management, helping members understand and change their financial behaviors as a key…

PS defends move to seek additional funding of Ksh5 billion for the Hustler Fund

Sacco ReviewMay 26, 202503 mins

State Department for Micro, Small, and Medium Enterprises (MSMEs) Principal Secretary Susan Mang’eni, has defended the department’s move to seek additional funding of Ksh5 billion for the Hustler Fund. The PS while speaking during the 42nd Annual Institute of Certified Public Accountants of Kenya (ICPAK) Seminar in Mombasa, Mang’eni underscored the fund’s importance in providing…

Government pays sugar factory workers Ksh 600 million as part of arrears

Sacco ReviewMay 23, 202505 mins

The Kenya Union of Sugar Kenya Plantation and Allied Workers (KUSPAW) has confirmed receipt of Ksh 600 million as part of the arears owed to its members by the government. KIUSPAW secretary Francis Wangara said that it is the first phase of the Ksh. 5.3 billion owed to workers leaving Ksh. 4.7 billion in arears….

SACCOs urged to adopt new technology to compete effectively with banks

Sacco ReviewMay 23, 202502 mins

Savings and Credit Cooperative Organizations (SACCOs) have been challenged to adopt new technology to penetrate in the current business market. Speaking during leaders’ meeting and launch of Ushirika activities Cooperative Bank of Kenya vice chairman Macloud Malonza said saccos should also intensify investments in product development to endure the current market competition. Malonza said Saccos…

SACCOs are preferred choice for affordable and accessible loans, KNBS survey indicates

Sacco ReviewMay 23, 202503 mins

Savings and Credit Cooperative Organizations in Kenya are emerging as a preferred choice for affordable and accessible loans as demand for housing in the country. According to the 2025 Economic Survey by The Kenya National Bureau of Statistics (KNBS), 31.8% of real estate firms partnered with SACCOs for financing arrangements in 2023, highlighting the growing…

DP confirms completion of Meru Industrial Park, affirms gov’t efforts to rejuvenate coffee industry

Sacco ReviewMay 23, 2025May 23, 202507 mins

The Deputy President Kithure Kindiki has confirmed that the construction of the Meru Aggregation and Industrial Park (CAIP) will be completed by the end of this year. DP Kindiki said the government is keen on completing and operationalizing the Meru Aggregation and Industrial Park by December. The national and county governments are building 47 CAIPs across…

Coffee Cooperatives tell Govt to focus on raising production, reject farmers’ direct payment plan

Sacco ReviewMay 22, 202508 mins

Coffee Cooperatives have urged the Government to focus on supporting farmers through their respective cooperative societies or unions to increase coffee production in the country. They argue that focus should be primarily on ensuring farmers have access to subsidized fertilizer, other farm inputs including chemicals and quality seedlings noting that this will put Kenya in…

Women-led SMEs boosted through Absa Bank, Women’s World Banking partnership

Sacco ReviewMay 20, 202506 mins

Women entrepreneurs across Kenya is set to benefit from Absa bank and Women’s World Banking partnership which aims at deepening their financial inclusion and promoting economic empowerment. This partnership was signed on the sidelines of the Women’s World Banking partners’ breakfast held in Nairobi. It will focus on enhancing Absa’s Women in Business (WIB) proposition…

fintech firm targets Ksh.6.5 billion capital raise to boost SACCO digitization in Kenya, Africa

Sacco ReviewMay 20, 202505 mins

Norwegian fintech firm Wakandi has launched to raise a capital of Ksh6.5 billion to fast-track the digitization of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy. Speaking in Nairobi during the signing of a partnership between Wakandi and Mastercard East Africa, Wakandi Group CEO Espen…