Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Since 2023, Kenyans, especially those working in formal employment, have faced tough times with increased taxation and new statutory deductions eating into their payslips. Over the last three years, the government has increased deductions among salaried Kenyans with the Social Health Insurance Fund (SHIF), requiring a mandatory contribution of 2.75% of an employee’s gross monthly salary….
Mhasibu Sacco has unveiled its 2026-2030 strategic plan, outlining ambitious growth targets that include expanding membership to 100,000, tripling its asset base, and adopting artificial intelligence (AI) to modernise operations. Speaking during the launch, Chief Executive Officer Eunice Kanyi said the Sacco is confident of achieving the membership target well ahead of schedule. “Our target…
Jomo Kenyatta University of Agriculture and Technology (JKUAT) is hosting a series of advanced professional training workshops under the Italia Academia with Africa (ITACA) project, aimed at strengthening entrepreneurship and innovation ecosystems across Africa. The programme, themed “Building Sustainable Entrepreneurial Futures,” brings together entrepreneurs, startup founders, and ecosystem actors for intensive courses designed to harness…
The Ministry of Cooperatives, Micro, Small and Medium Enterprises (MSME) has disbursed KSh13.6 million under the Uwezo Fund and KSh10.2 million from the Youth Development Fund to women, youth, and Persons with Disabilities (PWDs) in Lugari constituency. Presiding over the issuance of cheques at Chevaywa Vocational and Training Centre, Cabinet Secretary Wycliffe Oparanya urged beneficiaries…
Macadamia farmers in Kenya may finally get relief from exploitative brokers after Agriculture Cabinet Secretary (CS) Mutahi Kagwe issued a tough ultimatum to processors, warning that failure to pay fair prices will force the government to reopen raw in-shell exports. Speaking in Nyeri on Thursday, April 23, Kagwe said processors must buy all locally produced…
The Micro and Small Enterprises Authority (MSEA), in partnership with SNV Netherlands Development Organisation, has launched the fifth phase of business awareness forums aimed at strengthening policy uptake and improving access to support services among micro, small and medium enterprises (MSMEs) across Kenya. The latest phase builds on four previous engagements and targets a more…
Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…
The Sacco Societies Regulatory Authority (SASRA) has called for deeper reforms and stronger oversight to safeguard members’ savings, as the Specified Non‑Withdrawable Deposit‑Taking (NWDT) sector continues to expand. Speaking during the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, SASRA Board Chairman Jack Ranguma said the forum comes at a critical juncture, five years…
Cooperative Societies of Kenya Chief Executive Officer Daniel Marube has called for stronger safeguards to protect members’ savings, including the establishment of a deposit guarantee fund and enhanced regulatory powers for the Sacco Societies Regulatory Authority (SASRA). Speaking during the inaugural Regulatory Policy and Legal Roundtables for Specified Non‑Withdrawable Deposit‑Taking Saccos in Nakuru County, Marube…
The East Africa Youth Parliament has convened its 5th Financial Governance and Leadership Seminar in Meru, bringing together young leaders, policymakers and accountability institutions to deliberate on transparency and public finance management. The forum, organised in partnership with the National Treasury, the Office of the Controller of Budget and the Office of the Auditor General,…
