Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Kenya Revenue Authority (KRA) has urged businesses across the country to strengthen their due diligence processes and transact only with credible suppliers, following a recent High Court ruling that reinforced efforts to dismantle the growing missing‑trader scheme. Speaking during a leadership forum, Commissioner General Humphrey Wattanga said the fraudulent scheme continues to undermine fair…
The Kisumu County Government has announced major reforms aimed at restoring order at the troubled Kibuye open-air market, with officials confirming that leadership positions at the facility will now be filled through appointments rather than elections. Kisumu Central Sub-County Ward Administrator Peter Abiero said the decision is intended to end years of chaos, conflict, and…
Residents of Taita Taveta, Kajiado and Makueni counties will have to wait longer to benefit from revenue sharing arrangements with Tsavo National Park. President William Ruto disclosed this on Tuesday during the launch of what is now the world’s largest rhino sanctuary. The President revealed that an earlier promise to share park revenues with local…
Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Ambetsa Oparanya, on Monday held a high-level meeting with officials from the World Bank Group at the Delta Centre in Nairobi. The engagement brought together key development partners to assess ongoing reforms and map out strategies aimed at transforming Kenya’s cooperative sector…
The official expiry of the African Growth and Opportunity Act (AGOA) programme. has created a new urgency for the country to reimagine its export base. The government is also accelerating diversification and value addition to cushion exporters from shifting global trade conditions. Kenya Export Promotion and Branding Agency (KEPROBA) Chief Executive Officer (CEO) Floice Mukabana…
The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has officially begun disbursing refunds to SACCOs, marking the first major step in settling the Ksh6.2 billion it owes its members. The long-awaited repayments follow a financial crisis at the union that was attributed to mismanagement and fraudulent activities under previous leadership. Co-operatives and MSMEs Cabinet…
The Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya has called upon lending institutions to accord small businesses flexible terms in order to enable them access credit. Oparanya noted that many small businesses cannot afford credit due to stiff requirements adding that many of them have been forced to imitate…
Kenya’s financial sector remained resilient in 2024 and the first half of 2025, even as lending slowed and credit risks increased, according to the latest Financial Sector Stability Report released by the Central Bank of Kenya (CBK). The sector comprised thirty-eight commercial banks, one mortgage finance institution, and fourteen deposit-taking microfinance banks (MFBs), all under…
The National Coffee Cooperative Union (NACCU) has rejected a government directive seeking to implement a direct-to-farmer payment model under the Direct Settlement System (DSS), arguing that the policy threatens to dismantle long-standing cooperative structures that manage coffee earnings at pulping-station level. NACCU Chairman Felix Mureithi Mwai said the directive issued on November 2024 by Cabinet…
Over 7 million farmers are set to benefit from a pivotal digital transformation in the agriculture sector after the Food and Agriculture Organization (FAO) and development partners handed over the Kenya Integrated Agriculture Management Information System (KIAMIS) to the Ministry of Agriculture. The handover witnessed during the ongoing Intergovernmental Forum on Agriculture in Naivasha was…
