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

Kenya’s investment climate strengthened through IFC collaboration and transformational agenda 2026-2028

Sacco ReviewJune 19, 202608 mins

Kenya has intensified its drive to position itself as a premier investment destination in Africa following a high-level Donor, Development Partner, and Private Sector Roundtable convened by Invest Kenya in collaboration with the International Finance Corporation. The forum brought together development partners, private sector leaders, and investment stakeholders to explore strategic collaboration opportunities aimed at…

SACCO assets surpass Ksh1.2 trillion in first quarter of 2026

Sacco ReviewJune 18, 2026June 18, 202603 mins

SACCO assets exceeded Ksh1.2 trillion following a 12.28 per cent year-on-year increase. Gross loans reached Ksh951 billion, underscoring growing member borrowing and SACCO confidence Land and housing attracted the highest SACCO lending, followed by education and agriculture. By Mercy Kokwon Regulated Savings and Credit Cooperative Societies (SACCOs) recorded strong growth in the first quarter of…

Mwalimu National Sacco, NCBA roll out Salo Xpress to cut payroll delays

Sacco ReviewJune 17, 202604 mins

Mwalimu National DT Sacco has partnered with NCBA Bank Kenya to unveil a digital payroll solution that promises to slash salary processing times from hours or even days to mere minutes. The platform, branded Salo Xpress, was launched on Wednesday at Mwalimu Towers in Nairobi as part of the Sacco’s wider digital transformation agenda aimed…

County Assembly motion fails as Machakos proceeds with land rate collection under approved valuation roll

Sacco ReviewJune 17, 2026June 17, 202603 mins

The County Government of Machakos will continue collecting land rates under the existing law, despite a motion by the County Assembly seeking to suspend the process. Lands Executive Committee Member Nathaniel Nganga said the Assembly had already approved the valuation roll — the legal basis for the new rates — and cannot reverse the process…

KNBS urges Saccos, financial institutions to launch affordable investment products

Sacco ReviewJune 17, 202604 mins

A report by the Kenya National Bureau of Statistics (KNBS) has urged Savings and Credit Cooperative Societies (SACCOs) to develop simple, reliable, and affordable investment products that can attract and channel remittances into productive investments. The report, titled 2025 Remittances Household Report, also urged financial institutions and county governments to develop simple, reliable and affordable…

Ollin Sacco marks 50 years, shifts focus to young members

Sacco ReviewJune 16, 202603 mins

By Jane Mugambi Ollin Sacco marked its 50th anniversary on Saturday, June 13, 2026, unveiling an expanded growth strategy targeting young members and other professionals as it seeks to deepen financial inclusion and scale its asset base. The Sacco, which began in 1976 as a small teachers’ savings initiative in Kerugoya with just five members,…

Fresh state inquiry targets Metropolitan Sacco over insolvency and mismanaged billions

Sacco ReviewJune 16, 2026June 16, 202603 mins

The government has launched a fresh inquiry into the operations of Metropolitan National Sacco, focusing on its by‑laws, financial status, and overall sustainability. The move was announced in a gazette notice dated June 15, 2026, by Commissioner for Co‑operative Development David Obonyo. The Sacco was declared technically insolvent in February 2025, after regulators flagged mismanaged…

Ruto to push for trade and investment partnerships for Africa at G7 Summit

Sacco ReviewJune 15, 202604 mins

President William Ruto will represent Africa at the upcoming G7 Summit, where he is expected to champion increased investment, expanded trade opportunities, and job creation across the continent. The summit, which brings together leaders of the world’s largest economies, will focus on pressing global challenges including economic resilience, international security, energy security, technological innovation, and…

Government to roll out second tranche of NYOTA funds on June 27, Says Kindiki

Sacco ReviewJune 15, 202604 mins

The government has confirmed that the second tranche disbursement under the National Youth Opportunities Towards Advancement (NYOTA) programme will officially begin on June 27, 2026, unlocking fresh business capital for thousands of young entrepreneurs across the country. Announcing the date after receiving an update report at Harambee House on Monday, Deputy President Kithure Kindiki said…

Parliamentary watchdog probes suspected entry of unsafe sugar into Kenyan market

Sacco ReviewJune 15, 202606 mins

The National Assembly Committee on Trade, Industry and Cooperatives has begun investigations to determine whether sugar unfit for human consumption has found its way into the Kenyan market through local mills. The Committee, chaired by Ikolomani MP Bernard Shinali, visited the Chathe Group of Companies, which operates under the trade name Kibos and Allied Industries,…