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Government calls for structured cooperative savings to shield economy from political instability

Sacco ReviewJuly 14, 202505 mins

The government has called on Kenyans to embrace structured cooperative savings and move away from traditional fundraising practices, warning that ongoing political uncertainty threatens the stability of foreign investment. Speaking during the 103rd Ushirika day celebration at Kenya International Conference Center, (KICC) the Prime Cabinet Secretary Musalia Mudavadi emphasized that cooperatives offer a more stable…

Government injects Ksh400M to stabilize milk prices and support dairy farmers

Sacco ReviewJuly 14, 202504 mins

The government has unveiled a comprehensive intervention to cushion dairy farmers from market unpredictability by allocating Ksh400 million to stabilize milk prices and safeguard farmer incomes. The announcement was delivered by Prime Cabinet Secretary Musalia Mudavadi on behalf of President William Ruto during the 103rd Ushirika Day celebrations at KICC on July 12, 2025. In…

Gov’t embarks on comprehensive review of Sacco legal framework to restore accountability

Sacco ReviewJuly 13, 2025July 13, 2025010 mins

The government has embarked on an evaluation of the Sacco Societies Act 2008 in order to strengthen and restore trust, transparency and accountability in the cooperatives sub-sector. While delivering a speech on behalf of President William Ruto during Ushirika Day celebrations on July 11, at KICC, Prime Cabinet Secretary Musalia Mudavadi said, the reforms further…

NCE halts implementation of direct payment model to farmers

Sacco ReviewJuly 11, 202503 mins

Nairobi Coffee Exchange (NCE) has put on hold implementation of the direct payment models to the coffee farmers on a weekly basis. The move to transition to the farmer direct payment model from the Direct Settlement Systems, (DSS) that remitted the coffee proceeds through the cooperative societies, was ordered to be suspended by the NCE Acting…

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…