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

State seeks Ksh300M to pursue recovery of defaulted loans under Hustler Fund

Sacco ReviewMarch 24, 202603 mins

The State Department for Micro, Small and Medium Enterprises is seeking Ksh 300 million in a supplementary budget to pursue recovery of defaulted loans under the Hustler Fund, with Ksh12.5 billion still unpaid by borrowers. According to the department, the funds will primarily be used for awareness and sensitization campaigns aimed at encouraging defaulters to…

Kagwe calls on developed nations to finance Africa’s climate-smart agriculture to cure global food security

Sacco ReviewMarch 23, 202603 mins

Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has called on the developed nations and global investors to urgently finance climate-smart agriculture in Africa, warning that inaction could destabilize global food systems. Speaking at the 3rd Climate Change Global Business Summit on Africa in Nairobi, CS Kagwe said climate change is no longer a future…

IG SACCO cracks down on loan defaulters as members seek relief

Sacco ReviewMarch 23, 2026March 23, 202604 mins

Kakamega based Invest & Grow (IG) Sacco’s intensified loan recovery measures are starting to bite, with some members feeling the heat as the cooperative pushes for timely repayments. In a statement released recently, the Sacco said its proactive loan processing and recovery strategy is yielding results, signaling a tougher stance on members who default. The…

Govt injects Ksh3.5Million to refurbish tea factories, boost farmer earnings

Sacco ReviewMarch 22, 202607 mins

The government has injected Kh3.5 billion to refurbish tea factories to meet international standards and also enable them to do value addition on tea for better prices at the tea auction center in Mombasa. Speaking at Olenguruone Tea Factory during the issuing of a corporation certificate to the factory to enable it operate autonomously as a…

President Ruto, Ugandan Yoweri Museveni launch Kisumu-Malaba SGR construction to boost border-trade

Sacco ReviewMarch 22, 202603 mins

President William Ruto and his Ugandan counterpart Yoweri Museveni on Saturday commissioned the construction of the Kisumu–Malaba Standard Gauge Railway (SGR) line in Kisumu. The historic event marks a significant step toward strengthening regional transport and trade connectivity. Speaking during the event, President Ruto said the Kenya-Uganda Railway, a colonial infrastructure traversing Kenya from the…

Key recommendations to restore trust in KUSCCO

Sacco ReviewMarch 22, 202607 mins

The Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework has called for immediate reforms at the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) to restore public confidence following a massive fraud scandal. The scandal, which saw over Ksh13.3 billion misappropriated from member SACCOs, involved illegal withdrawals, unauthorized transfers, and unsupported executive…

Rising Middle-East tensions pile pressure on Kenyan women-led businesses

Sacco ReviewMarch 21, 202607 mins

Kenyan women entrepreneurs are grappling with mounting economic pressure linked to the ongoing Israel–Iran conflict, with industry players warning that escalating production costs could soon be passed on to consumers. Businesses that depend on imports of raw materials and finished goods from the Middle East and other affected regions are bearing the brunt, as shipping,…

Inside the SACCOs’ Deposit Protection Fund recommended by experts

Sacco ReviewMarch 20, 2026March 20, 202608 mins

The Savings and Credit Co-operative Societies (SACCOs) in Kenya might finally have a deposit protection fund(DPF) similar to that enjoyed by banks, 5 years after Kenya’s Cabinet approved amendments to the Savings and Credit Co-operative Societies (SACCO) Act, to make this happen. The fund proposed by the sector experts seeks to establish a deposit insurance…

Senator Ojienda raises concerns over rising mobile money fraud and digital scams, seeks answers

Sacco ReviewMarch 19, 202603 mins

Kisumu Senator Prof. Tom Ojienda SC has raised concerns over the growing prevalence of mobile money fraud, digital impersonation schemes and other tech enabled financial scams affecting Kenyans across the country owing to the rapid rise in adoption of mobile money and electronic banking. Rising pursuant to Standing Order 53(1), Senator Ojienda requested a Statement…

Govt steps up efforts to make agriculture attractive to youth to boost productivity

Sacco ReviewMarch 18, 202603 mins

The Government is stepping up efforts to make agriculture more attractive and profitable for young people as part of a broader plan to address the aging farmer population and boost productivity. Speaking during the launch of Cohort Five of the Competency Based Education and Training (CBET) Programme in Horticulture Production at the Kenya School of…