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

KUSCCO shareholders approve dissolution, back new cooperative body

Sacco ReviewAugust 29, 202609 mins

KUSCCO shareholders have approved the union’s dissolution as debts far outweigh its assets. Members have backed a new umbrella body, KEFESCO, focused on advocacy, training, research and consultancy. A creditor has moved to court to challenge the transition, putting the new federation’s future in question. Shareholders of the Kenya Union of Savings and Credit Cooperatives…

KUSCCO shareholders approve liquidation, new body

Sacco ReviewAugust 28, 202604 mins

KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…

Saccos set to adopt full-file credit information sharing system

Sacco ReviewAugust 28, 202606 mins

Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…

SACCOs are putting more focus on what happens behind the numbers

Sacco ReviewAugust 27, 202602 mins

KUSCCO has spent the week training SACCO leaders on budgeting, liquidity management and cost control, while Supervisory Committee members have been sharpening their oversight skills. The combination is telling: financial performance is not just about raising more money. It is also about how SACCOs plan, control costs, manage liquidity and keep management accountable. READ MORE: …

Firms absorb rising costs in a bid to retain customers

Sacco ReviewAugust 27, 2026August 27, 202603 mins

Kenyan businesses are increasingly absorbing rising production and operational costs as they seek to retain customers amid growing price sensitivity and weakening purchasing power. The strategy is intended to protect sales volumes and prevent customers from switching to cheaper alternatives, but it is putting pressure on firms’ profit margins as fuel, transport, energy and raw…

DP Kindiki: First eight county industrial parks nearly complete

Sacco ReviewAugust 26, 202604 mins

Government moves to fast track completion of the first eight County Aggregation and Industrial Parks Meru, Embu, Kirinyaga and five other counties are nearing completion of their CAIPs Parks expected to create jobs, boost manufacturing and open new markets for farmers The Government has stepped up efforts towards the finalisation of the construction and operationalisation…

Bill proposes 7.5% pension deduction for county workers

Sacco ReviewAugust 26, 202605 mins

County workers could face a new 7.5 per cent pension contribution under proposed legislation County governments may be required to match employee contributions by up to 15 per cent Bill proposes stronger safeguards for pension remittances and limited early access to benefits County government employees could see a new 7.5 per cent deduction from their…

Creative Economy Bill seeks to boost Kenya’s arts, jobs

Sacco ReviewAugust 26, 202604 mins

New Bill seeks to give Kenya’s creative economy a dedicated legal and institutional framework Proposed reforms could establish new bodies to oversee training, promotion and regulation Creative Industry Development Fund proposed to boost financing for artists and creative enterprises A Bill seeking to establish a comprehensive legal and institutional framework for the growth and development…

Saccos await new law to unlock national payments access

Sacco ReviewAugust 26, 202608 mins

Saccos face another wait for direct access to Kenya’s National Payments System Industry leaders call for wider consultation as the Co operatives Bill remains stuck in mediation Proposed reforms could introduce a Deposit Guarantee Fund and expand services available to Sacco members Kenya’s Sacco movement is facing another delay in its push for direct access…

Kindiki urges counties to fast-track industrial parks

Sacco ReviewAugust 25, 202606 mins

Kindiki wants counties to speed up completion of industrial parks to drive value addition. He says all county allocations due up to August have been released. Counties have also been urged to prepare early for the expected El Nino rains. Deputy President Kithure Kindiki has urged county governments to prioritise the completion of County Aggregation…