Top News – Page 12 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

CS Kagwe distributes nine milk coolers to farmer producer organizations and institutions in Nakuru

Sacco ReviewOctober 31, 202503 mins

The Agriculture and Livestock Development Cabinet Secretary CS Mutahi Kagwe has distributed nine milk coolers to farmer producer organizations and institutions in Nakuru County. The nine are part of 230 coolers procured through the Livestock Value Chain Support Project (LVCSP) at a cost of Ksh 1.2Billion. Speaking when he presided over the 69th Graduation Ceremony…

CS Kagwe calls for affordable, long-term financing for farmers through agriculture fund

Sacco ReviewOctober 30, 202505 mins

The Ministry of Agriculture and Livestock Development Cabinet Secretary, CS Mutahi Kagwe has called for a paradigm shift in agricultural financing, urging financial institutions to move away from short-term, high-interest lending and adopt long-term, low-interest facilities tailored to farmers’ realities. Speaking at the 8th World Congress on Rural and Agricultural Financing hosted by African Rural and…

Africa International Agriculture Expo 2025 kicks off in Nairobi

Sacco ReviewOctober 28, 202503 mins

The 2025 Africa International Agriculture Expo (AIAE) has officially begun at the Kenyatta International Convention Centre (KICC) in Nairobi, Kenya. This landmark event running from October 28 to 31, 2025, aims to boost agricultural productivity across Africa by showcasing the latest innovations in precision farming, agri-finance, and other technologies. Speaking during the official opening, Principal…

KTDA suspends staff travel, training amid outcry over shrinking farmer bonuses

Sacco ReviewOctober 28, 202503 mins

The Kenya Tea Development Agency (KTDA) has suspended all staff travel, off-site meetings, and training activities across its subsidiaries in a sweeping cost-cutting directive aimed at tightening governance and responding to mounting pressure over reduced farmer bonuses. In an internal memo, dated October 21, 2025, the agency circulated to all general managers, department heads, and…

SASRA threatens lifetime ban for Sacco auditors over delayed reports

Sacco ReviewOctober 28, 202505 mins

The Sacco Societies Regulatory Authority (SASRA) has issued a stern warning to external auditors who fail to submit mandatory statutory reports on time, saying they risk permanent deregistration and a lifetime ban from auditing any cooperative institution in Kenya. In a circular released this week, SASRA revealed that several audit firms had either failed to…

SASRA licenses more SACCOs to operate in Kenya to boost Cooperative sector

Sacco ReviewOctober 28, 202503 mins

The Sacco Societies Regulatory Authority (SASRA) has given the nod to more savings and credit cooperative organizations (SACCOs) to operate in Kenya, signaling continued growth in the country’s cooperative financial sector. According to Kenya Gazette Notice No. 15383 published on October 24, SASRA authorized additional SACCOs to engage in both deposit-taking and specified non-deposit-taking business…

International Credit Union Day celebrated around the world

Sacco ReviewOctober 18, 202504 mins

Credit unions around the world, including in Kenya, have joined in celebrating the 77th International Credit Union (ICU) Day, marked annually on the third Thursday of October. This year’s theme, “Cooperation for a Prosperous World,” echoes the United Nations’ 2025 declaration of the International Year of Cooperatives, which carries the broader theme “Cooperatives Build a…

Oparanya takes over AMCCO leadership, pledges to elevate cooperative movement

Sacco ReviewOctober 13, 2025October 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Dr. Wycliffe Oparanya has officially assumed the role of Chair of the Africa Ministerial Cooperative Conference (AMCCO), pledging to champion regulatory reforms and elevate the cooperative movement across the continent over the next three years. Oparanya takes over from Major General Eng. Waleed Farouk…

SASRA sounds alarm over fake Saccos masquerading as genuine cooperatives

Sacco ReviewOctober 10, 2025011 mins

Sacco Societies Regulatory Authority (SASRA) has raised concern over the rise of unregulated, pyramid‑style entities masquerading as SACCOs, endangering the trust and work of the well-structured cooperatives. The SASRA said many, regulated SACCOs are safe havens: institutions that allow employees, informal sector workers, farmers, and diaspora Kenyans to pool savings, access loans, and build wealth,…

KUSCCO to auction Ksh1.7B properties in loan recovery drive

Sacco ReviewOctober 9, 202504 mins

The Kenya Union of Savings and Credit Cooperatives (Kuscco) has launched a massive recovery drive targeting Ksh1.7 billion worth of defaulted housing loans from 684 borrowers, in a renewed push to clean up its books and restore confidence in the cooperative sector. The auctions, scheduled for November 6, 14, and 28, will see houses and…