Top News – Page 20 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

National Ushirika Day celebrations council announces change of venue for the 2025 celebration

Sacco ReviewJuly 10, 202504 mins

The National Ushirika Day Celebrations council through the chairman Macloud Malonza has announced a change of venue for their upcoming festivities. Originally scheduled to take place at the Kenyatta International Convention Centre (KICC), the celebrations will now be held at Uhuru Park Grounds on Saturday, July 12, 2025. This crucial update was communicated through a…

Coffee farmers oppose Direct Payment System amid government directives

Sacco ReviewJuly 4, 2025July 9, 202508 mins

The government has accelerated coffee reforms, focusing on diverting payment points to the Direct Settlement System (DSS), which has met strong resistance. President William Ruto, during his Mt. Kenya Development tour two months ago, stirred controversy when he announced that from June, coffee proceeds would be remitted directly to farmers, bypassing cooperative society management committees….

Kenyan Coops yet to enter Healthcare business, despite a glaring niche

Sacco ReviewJuly 4, 202507 mins

Within Kenya’s healthcare system lies a growing threat: medical debt. Many households, particularly those in low-income brackets, struggle to pay their medical bills, often forced to choose between their health and financial stability. This presents a critical opportunity for cooperative societies to step in by running health facilities or offering medical insurance cover or credit…

SASRA decries SACCOs slow adoption of credit scores in loan appraisals

Sacco ReviewJuly 4, 2025July 4, 202509 mins

The Sacco Societies Regulatory Authority (SASRA) has expressed concern that, despite the immense value of credit scoring, SACCOs have been slow to fully adopt credit referencing, resulting in gaps in credit decision-making. The regulator also highlights challenges in implementing effective credit-scoring systems, which have hindered responsible lending and undermined long-term financial stability. However, some senior…

Govt, Equity Bank unveil bold reforms to propel SME growth

Sacco ReviewJuly 2, 202504 mins

In a bid to bolster Kenya’s economy, the government through the Ministry of Cooperatives and MSMEs Development has joined forces with Equity Bank to support Small and Medium-sized Enterprises (SMEs) in accessing capital, expanding markets, and building institutional capacity. Speaking at the second edition of the Annual SME Conference, Cabinet Secretary Wycliffe Oparanya emphasized that…

Oparanya unveils bold SACCO reforms after Ksh 13B scandal

Sacco ReviewJuly 2, 202504 mins

Co-operatives and MSMEs Development CS Wycliffe Oparanya stood before SACCO leaders at Kenya Union of Savings and Credit Co-operatives (KUSCCO).on 23 June, 2025, and delivered an upbeat progress report on the sector clean-up launched after the KSh 13 billion KUSCCO scandal. He said investigative files have been handed over for prosecution and promised that “every…

Agro-based SACCOs poised for growth amid boosted budget

Sacco ReviewJuly 2, 2025010 mins

Increased budgetary allocations to Kenya’s agricultural sector are expected to trigger a surge in demand for loans among members of agro-based SACCOs. This rise in credit demand is seen as a chance for SACCOs to enhance their loan portfolios, particularly for those directly supporting agriculture and rural development. With expectations of improved crop and animal…

Key resolutions during 2025 Africa SACCO meeting in Addis

Sacco ReviewJuly 2, 202504 mins

SACCOs have been urged to embrace prudential regulatory frameworks by working closely with African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) and Policymakers to strengthen SACCOs Regulation for financial stability and also unlock their full potential as engines of inclusive economic transformation in Africa. This was arrived at during the official close of the…

President Ruto leads celebrations of World MSMEs Day 2025, says MSMEs are engines of economic growth

Sacco ReviewJune 27, 202504 mins

President William Samoei Ruto has led the country in commemorating World MSMEs Day 2025 at Kenyatta International Conference Centre, Nairobi. Ruto said Small enterprises are the engines of economic growth since they drive innovation and but also support livelihoods adding that the sector creates the largest number of jobs and generates earnings for young people and…

Cooperatives urged to apply for KJET project before June 30th deadline

Sacco ReviewJune 27, 202503 mins

Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSMEs) has called on Cooperatives, Associations and other cluster-based entities to apply for Kenya Jobs and Economic Transformation (KJET) project before June 30th deadline. The KJET project is 5-year Government of Kenya, (GoK) project funded by the World Bank (2024-2029) whose project development objective is ‘To…