Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The National Assembly has passed the Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Bill, 2025. The bill will see amendment of the Sacco Societies Act (Cap. 490B), empowering the Sacco Societies Regulatory Authority (SASRA) in regulating the Saccos, the societies have mobilized deposits of members to the tune of more than ksh 1…
Nominated Senator Tabitha Mutinda has petitioned the Senate to urgently probe the financial collapse of Metropolitan National SACCO Limited. Auditors had uncovered Kshs12 billion loss, over 75,000 members were unable to access their savings. Senior officers were dismissed and replaced by a caretaker committee in 2022. In a Statement to the Senate Committee on Trade,…
Rice farmers in West Kano Irrigation Scheme have been encouraged to join cooperatives to improve their yields, The farmers drawn from Kolwa, Ahero, and Kobura Ward were told the move would secure better markets, and maximize returns on investment through fair pricing. Speaking during the Annual General Meeting at Nyang’ande Centre in Kabonyo Kanyagwal, Kadibo…
The Kenya Sugar Board (KSB) is moving into the next phase of subsidiary legislation to enforce the Act following a series of public participation meetings designed to gather insights from cane farmers about the proposed Sugar Act of 2024, This next step involves conducting a comprehensive Regulations Impact Assessment (RIA), guided by the Statutory Instruments…
Kenya Bureau of Standard (KEBS), Mount Kenya Regional Manager Jacqueline Kang’iri urged members of the public to be vigilant when purchasing goods by checking out for the KEBS standardization Mark. “We urge residents to always verify that the products they buy have the KEBS standardization mark. This is one of the surest ways to protect…
Agriculture and Livestock Development Cabinet Secretary, Mutahi Kagwe, has issued a two week ultimatum to all miraa traders and exporters to comply with the government’s set minimum prices or face delisting. Speaking during a Farmers’ Day event in Meru, CS Kagwe warned that non-compliant traders will be required to reapply for licenses and clearly state…
Women and Youth in Malindi Sub County in Kilifi County have been advised to form groups to enable them get Uwezo Fund loans provided by the government to boost their businesses. Speaking to Sacco Review in his office in Malindi town recently, Malindi sub-county Youth Development Officer, Mtana Mwahunga revealed that Uwezo Fund loans in…
Cooperative Societies in Kilifi County have been urged to submit their Accounts Books for early auditing, Sacco Review has learnt. Speaking to Sacco Review in her office in Kilifi town recently, Kilifi County deputy Cooperative Director, Mary Mkare revealed that early auditing of Cooperative Societies Accounts Books would enable members to know exactly their Cooperatives…
President William Ruto has vowed to crush miraa cartels who are exploiting farmers. To achieve this, President Ruto tasked his deputy Kithure Kindiki with the role of eliminating the cartels that are taking advantage of miraa farmers. The President pointed out that cartels within the sector are frustrating government efforts to return miraa business to…
Kisii County Matatu Owners Association has called for road safety from all drivers and bodaboda riders. The Association’s Chairman Simeon Nyamwaro said that most drivers compete for money and carry excess passengers for profit making especially at this time students are closing school a practice he says leads to accidents that could be avoided. “We…
