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

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…

PS Hinga reveals ambitious housing plan as Housing levy surpasses ksh120 billion mark

Sacco ReviewJune 27, 202507 mins

Principal Secretary for Housing and Urban Development Charles Hinga has announced that the government has successfully collected approximately Ksh120 billion through the Housing Development Levy in a significant update on the Affordable Housing Program. Speaking in Mombasa at a meeting with the National Assembly Departmental Committee on Housing, Urban Planning and Public Works, Hinga revealed…

Tea, coffee packaging materials to be zero-rated as Ruto signs Finance Bill 2025 to law

Sacco ReviewJune 26, 202503 mins

President William Ruto has signed the Finance Bill 2025 into law to ease the cost of doing business, and bolster economic growth across key sectors. The bill which was passed by the National Assembly on June 19, amends six key tax laws: the Income Tax Act, the Value Added Tax Act, the Excise Duty Act,…

Counterfeit, illicit trade cost the government billion losses annually; ACA reveals

Sacco ReviewJune 10, 2025010 mins

Kenya loses an estimated Ksh100 billion annually to counterfeiting and illicit trade the Anti-Counterfeit Authority (ACA) has revealed. ACA’s Deputy Director-Research and Policy, Henry Maina, said statistics indicate that the government revenue loss was estimated at Ksh129.72 billion and Ksh153.1 billion in 2017 and 2018, respectively. According to the National Baseline Survey on Counterfeit and…

Fertilizer subsidies boosted food production by 50 per cent, President Ruto says

Sacco ReviewJune 4, 2025June 4, 202503 mins

President William Ruto has said the government is accelerating both growth and resilience in the agriculture sector through strategic investment. The president who was speaking during Madaraka Day celebrations said fertiliser subsidies have boosted food production by 50 percent. There have been also reforms in the coffee and sugar sectors have revived local industries, enhanced…

Murang’a County unveils Ksh.20B agribusiness investment potential in a bid to attract investors

Sacco ReviewJune 2, 2025June 4, 202505 mins

Murang’a County has unveiled more than Ksh.20 billion worth of investment-ready opportunities in the agriculture sector, setting the stage for a major agribusiness investment in the country, in a bid to attract investors. The announcement was made during a high-level pre-conference luncheon jointly hosted by the Kenya Development Corporation (KDC) and the Ministry of Investments,…

CBK to pump KSh 180m into SafetyNet to protect SACCO cash

Sacco ReviewMay 27, 202509 mins

The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…