Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Farmers in cane-growing areas have been urged not to elect misguided individuals in the upcoming Kenya Sugar Board zonal elections. Samuel Ongou, a board member at the Agriculture and Food Authority (AFA) and an aspirant for the Central Zone, stated that farmers have endured hardships for many years, and it is crucial to elect individuals…
The Kisumu Medical and Education Trust (KMET) has assured its stakeholders that the latest round of sanctions imposed by United States President Donald Trump will not affect it in any way. Dr. Ogutu said they have been able to mobilize resources over the years, unlike their colleagues who solely depend on donor funds. She mentioned…
Nyati Deposit-Taking SACCO has taken legal action against the insolvent Kenya Union for Savings and Credit Co-operative Organization (KUSCCO), seeking to recover a sum of KSh 86,433,583.00 held by the Union as Fixed Deposits. The case, with file number Milimani JR Application N.E 035 of 2025, is currently before the High Court of Kenya in…
Small and medium-sized enterprises (SMEs) have been challenged to leverage on technology and adopt industry networks to position their businesses better for growth. Industry players noted that for small businesses to flourish, adoption of technology is key as it helps in data management, enhanced protection against cyber threats, facilitates improved service delivery and enables access…
The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…
The County Government of Busia has launched a major initiative to streamline the disbursement of agricultural funds by training SACCO managers in proper financial management and accountability. The initiative aims to ensure that government resources allocated to farmers are effectively utilized to promote economic growth. During the training session for 126 SACCO managers from 14…
Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises Development, Wycliffe Oparanya, has assured that the national government is taking decisive steps to curb financial mismanagement in Saccos across Kenya. His remarks follow the alleged misappropriation of KSh 82.8 million at the Kenya Union of Savings and Credit Cooperatives (KUSCCO), raising concerns over financial…
Former officials of Kenya Union of Savings and Credit Cooperatives Limited (KUSCCO) who have been charged in connection with theft of KSh83 m from the union have been released on a cumulative KSh14.5 million cash bail. The five George Magutu Mwangi, George Otieno, George Owino, Jackline Atieno and Mercy Muthoni were presented in court on…
Lake Victoria Tourism Association Kenya (LVTA) CEO Charles Kataro now wants the Tourism Regulatory Authority functions decentralized to county governments to help oversee the implementation of community-based tourism projects. In his submission during a public participation forum on Tourism Policy and Tourism Amendment Bill 2024, in Kisumu, Kataro stated that the proposal would ensure revenue-sharing. He further…
The Cooperative Bank of Kenya customers can now smile all the way to the bank after the leading lender in the country announced that it has reduced its lending rate by 2 per cent. In a statement dated February 10, 2025 and signed by the Group’s Managing Director and Chief Executive Officer Dr. Gideon Muriuki,…
