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

Oparanya meets interim officials of Tushirikiane DT Sacco to drive Western Region’s economic agenda

Sacco ReviewMay 8, 202604 mins

Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya has held the inaugural meeting with interim officials of Tushirikiane DT Sacco, a newly formed financial institution that is expected to anchor economic transformation in Western Kenya. The Sacco, launched earlier at Emabole, draws membership from Kakamega, Bungoma, Busia, Vihiga, and Trans Nzoia counties. It has already registered…

Residents of Ogembo in Kisii protest prolonged blackout as businesses count losses

Sacco ReviewMay 7, 202604 mins

Residents and traders in Ogembo town, Kisii County, have staged protests over a prolonged power outage that has crippled businesses, disrupted learning, and heightened insecurity. The blackout, which has persisted for more than three weeks, has left households, schools, and enterprises struggling to cope without electricity. Community leaders Jane Kemunto and Florence Momanyi voiced concern…

National Irrigation Authority directed to fast-track stalled irrigation projects

Sacco ReviewMay 6, 202604 mins

Members of the National Assembly’s Public Investments Committee on Commercial Affairs and Energy have directed the National Irrigation Authority (NIA) to urgently complete several delayed community irrigation projects, some of which have stalled for up to six years. The concerns emerged during a committee session reviewing NIA’s financial records following queries raised by the Office…

Kenya launches World Agriculture Forum Council to drive AI‑powered farming transformation

Sacco ReviewMay 6, 202606 mins

Kenya has unveiled the World Agriculture Forum (WAF) Country Council, a new platform designed to accelerate the transformation of the agriculture sector by linking global innovation to local farming systems. Speaking at the launch, Science, Research and Innovation Principal Secretary Prof Abdulrazak Shaukat said Kenya must urgently scale both the quality and quantity of agricultural…

SACCO sector posts KSh 845 billion in loans as NPL ratios hold steady amid rising risks

Sacco ReviewMay 5, 202605 mins

According to data from the Sacco Societies Regulatory Authority (SASRA), the SACCO industry closed 2024 with gross loans valued at KSh 845.11 billion, marking an 11.41 per cent increase from KSh 758.57 billion a year earlier. Despite the rapid credit expansion, the sector’s non‑performing loan (NPL) ratio remained steady at 8.39 per cent, according to…

Digital transactions expose weaknesses in SACCO payment systems as regulators tighten oversight

Sacco ReviewMay 4, 202603 mins

Kenya’s cooperative lenders are facing mounting regulatory pressure as surging digital transactions expose gaps in their payment systems. Industry experts warn that the rapid growth of real‑time payments is testing the resilience of banks and SACCOs, raising concerns about transparency, compliance, and customer trust. According to BPC East Africa Country Manager Prashant Byndoor, real‑time payment…

Government securities lead SACCO investment portfolios as money market funds rise to 9 per cent

Sacco ReviewMay 4, 202603 mins

Government securities have emerged as the leading investment choice for regulated SACCOs, with money market funds also gaining traction and now accounting for 9 per cent of total financial investments. According to the Sacco Societies Regulatory Authority (SASRA), this marked a shift in strategy as SACCOs increasingly favour safer, more liquid assets to strengthen their…

Kenya, Japan move to deepen trade and investment ties

Sacco ReviewMay 4, 202603 mins

Kenya values its longstanding partnership with Japan, which has brought significant benefits across key sectors, Prime Cabinet Secretary Musalia Mudavadi has said. Mudavadi, who hosted Japan’s Foreign Minister Motegi Toshimitsu highlighted the countries’ shared commitment to deepening ties in trade, investment, development, and multilateral cooperation. Mudavadi praised Japan’s support through Official Development Assistance, especially in…

SACCOs in Embu urged to target youth to boost saving culture

Sacco ReviewMay 4, 202605 mins

Management of Savings and Credit Cooperative Societies (SACCOs) in Embu County has been challenged to deliberately target young people in their recruitment and marketing campaigns, with the aim of fostering a culture of long-term saving and investment. It was further suggested that SACCO marketing initiatives be integrated into the education system, with experts visiting secondary…

Busia’s Mungatsi Sacco cleared to operate after lengthy registration hurdles

Sacco ReviewMay 4, 2026May 4, 202603 mins

After years of bureaucratic delays, the Mungatsi Economic Warriors Cooperative Society has finally been cleared to operate as a fully registered Sacco in Busia County. The long‑awaited approval, granted after intervention by the Department of Trade and Cooperatives, has paved the way for the society to begin mobilising savings and offering credit services under a…