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

Kisumu ASK Show targets 200 exhibitors in major turnout boost

Sacco ReviewJuly 15, 2026July 15, 202605 mins

Kisumu National Show will host a record 200 exhibitors from 22 to 26 July. The rebranded event will showcase climate smart agriculture, innovation and trade. Organisers have assured security and a wide range of exhibitions and arena events. Preparations for this year’s Kisumu National Show are now complete, with officials reporting that the event will…

CBK urges Kenyans to report unauthorised mobile loan apps in latest crackdown

Sacco ReviewJuly 15, 202604 mins

CBK urges Kenyans to report illegal mobile loan apps. 25 new lenders licensed, raising the total to 252. Licensed lenders issued Ksh 150.56 billion in loans by May 2026. The Central Bank of Kenya (CBK) has urged Kenyans to report illegal mobile lending applications, as part of an intensified crackdown on unlicensed digital lenders accused…

Nairobi accounts for more than a quarter of Kenya’s economy, KNBS data shows

Sacco ReviewJuly 15, 202605 mins

Nairobi accounted for 27.4 per cent of Kenya’s economy, making it the country’s largest county economy, according to KNBS. Kiambu, Nakuru, Mombasa and Meru completed the top five county economies by Gross County Product. Nairobi also recorded the highest Gross County Product per capita, well above the national average. The Kenya National Bureau of Statistics…

KRA introduces advance cargo declaration platform for containerised shipments ahead of August launch

Sacco ReviewJuly 15, 2026July 15, 202605 mins

KRA will make Advance Cargo Declaration (ACD) mandatory for all containerised imports from August 3. Exporters must secure an ACD reference code before cargo is loaded. The system aims to improve security and speed up customs clearance. Kenya Revenue Authority (KRA) has announced the launch of its new Advance Cargo Declaration (ACD) platform. Starting Monday,…

Your savings are safe: SASRA clarifies deposit protection in new SACCO bill

Sacco ReviewJuly 15, 2026July 15, 202603 mins

SASRA says proposed SACCO Bill will establish a Deposit Guarantee Fund to protect members’ eligible savings. Regulator says reforms will strengthen liquidity management and improve stability across the SACCO sector. Clarification comes amid misinformation linking members’ savings to the National Infrastructure Fund. The Sacco Societies Regulatory Authority (SASRA) has clarified that the proposed Sacco Societies…

Machakos finance boss back at her desk, reports Sh3.352 billion revenue haul after court ruling

Sacco ReviewJuly 14, 2026July 15, 202603 mins

Machakos Finance CECM Catherine Mutanu resumed office after a High Court order halted her impeachment. Mutanu said county revenue rose from Ksh2.1 billion to Ksh3.352 billion in the 2025/26 financial year. She attributed delayed Assembly payments to late submission of financial requests, not her department. Machakos County Finance, Economic Planning, Revenue Management and ICT County…

Chairman of the Kisumu County Ushirika Council addressing stakeholders. Photo: Courtesy

SACCO leaders urged to embrace transparency and youth inclusion

Sacco ReviewJuly 14, 202604 mins

SACCO leaders have been urged to uphold transparency and accountability to strengthen member trust and growth. Youth have been encouraged to join Saccos, while leaders were warned against corruption. Kisumu County is developing a new cooperative policy to boost the sector’s competitiveness. Sacco leaders have been urged to be transparent and accountable since building trust…

SACCOs reject claims State can dictate investment of members’ savings

Sacco ReviewJuly 14, 202604 mins

SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…

Government disburses Ksh 153.7M NYOTA Fund to young entrepreneurs in Mt. Kenya East

Sacco ReviewJuly 14, 2026July 14, 202605 mins

More than 6,150 youth in Mount Kenya East have received Ksh 153.75 million in NYOTA grants. The NYOTA programme has so far disbursed over Ksh 3 billion to more than 122,000 youth nationwide. CS Geoffrey Ruku urged residents to back the government’s development agenda. The government has disbursed Ksh 153.75 million from the National Youth…

National Assembly moves to calm fears over Sacco savings in proposed law

Sacco ReviewJuly 14, 2026July 14, 202607 mins

Parliament has dismissed claims that the proposed Sacco law will allow the government to access members’ savings or control Sacco management. The Bill seeks to strengthen regulation, improve financial stability and establish a secondary Sacco to provide shared services for member cooperatives. The National Assembly says the legislation is still undergoing public participation, with stakeholder…