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

MSEA CEO lauds President Ruto for initiating empowerment programmes

Sacco ReviewMay 1, 2026May 4, 202605 mins

The Micro and Small Enterprise Authority (MSEA) Chief Executive Officer, Henry Mwenda Rithaa, has lauded President William Ruto for initiating empowerment programmes in the country to uplift citizens’ living standards. Rithaa said the programmes have positively impacted many people by economically and academically empowering them. Speaking in Buuri constituency during the graduation ceremony of the…

Sacco assets surge to Ksh 1.2 trillion as membership hits 7.8 million- 2026 KNBS survey

Sacco ReviewMay 1, 2026May 4, 202605 mins

The economic survey released on Thursday this week by the Kenya National Bureau of Statistics (KNBS) has painted a slightly rosy picture of the industry. According to the survey, total assets of deposit-taking SACCOs grew by 11.5 per cent to KSh 727.1 billion as at December 2025. Total assets and liabilities, which comprise time and…

Ruto announces 15% wage increase for agricultural workers, 12% increase for workers nationwide

Sacco ReviewMay 1, 202604 mins

President William Ruto has announced a sweeping wage adjustment for Kenyan workers, unveiling a 12 per cent general increase for workers and a higher 15 per cent rise for agricultural employees. Speaking during the 2026 Labour Day celebrations in Vihiga County, President Ruto stated that the wage increment marks a major policy shift aimed at…

KCB unveils mortgage solution to unlock home ownership for Kenya’s informal sector

Sacco ReviewMay 1, 202604 mins

KCB Bank has launched a groundbreaking mortgage product targeting Kenya’s informal workforce, a move expected to expand access to affordable housing and reshape the country’s mortgage landscape. The new facility, offered at a single‑digit interest rate, is tailored for SMEs, artisans, boda boda operators, gig economy players, and digital content creators whose income streams are…

Bungoma coffee cooperatives face Senate probe over pricing irregularities

Sacco ReviewMay 1, 202603 mins

The Coffee Savings and Credit Cooperative Organizations (SACCOs) in Bungoma County are at the centre of Senate investigations following concerns over inconsistent coffee pricing that has affected farmer earnings. This comes after Bungoma County Senator, David Wakoli raised alarm over disparities in payments made through cooperative societies, citing variations between coffee cherry delivered to factories…

Cotton farmers in Magarini urged to form SACCOs to improve livelihoods

Sacco ReviewApril 30, 2026April 30, 202603 mins

Cotton farmers in Magarini Sub-County, Kilifi County, have been urged to form Savings and Credit Cooperative Organizations (SACCOs) and invest strategically to improve their living standards. Speaking to Sacco Review in his office in Marafa Town, Magarini Sub-County Cooperative Officer, Edward Fondo, noted that many cotton farmers in the area have yet to form Saccos….

Former CEO of Eco Pillar SACCO arrested in connection with KSh 100 million fraud

Sacco ReviewApril 29, 2026April 30, 202603 mins

The former CEO of Eco Pillar SACCO, Linus Lokira, has been arrested in connection with a major financial fraud that allegedly resulted in a loss of over KSh 100 million to the institution. The suspect was taken into custody on April 26 by police in Kapenguria. OCS Evans Mose confirmed the arrest , stating that…

Sacco leaders reject proposed merger Bill, warn of job losses and threat to small institutions

Sacco ReviewApril 29, 202604 mins

A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…

Lamu West farmers, cooperatives get Ksh 12.4 million boost under FSRP inclusion grants

Sacco ReviewApril 28, 202603 mins

Farmers and cooperative societies in Lamu West Sub-county are set to transform their agricultural operations after the County Government of Lamu disbursed over Ksh 12.4 million in inclusion grants under the Food Systems Resilience Program (FSRP), marking a significant step toward strengthening food security in the region. Lamu Governor Issa Timam presided over the phase…

Kishushe Ranch Cooperative sets KSh46 million budget as members back growth plan

Sacco ReviewApril 27, 202608 mins

Members of Kishushe Ranching Cooperative Society Limited (KRCSL) have approved a projected budget of KSh46 million for the year, setting the stage for what the leadership described as a decisive push toward economic growth and stability. The budget was among the key resolutions passed during the society’s Annual General Meeting held on Friday at its…