Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…
Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…
KRA explains why the consolidated cargo minimum yield was raised. Traders can opt for individual customs assessment based on actual goods. New Ksh 3.2 million threshold took effect on August 21. Kenya Revenue Authority (KRA) has moved to clarify concerns raised by small-scale traders over changes to the minimum yield applied to consolidated cargo, following…
Millers face penalties for delayed farmer payments. Weighbridge fraud crackdown targets cane losses. Sugar production rises as Kenya battles imports. Sugarcane farmers will be protected from miller exploitation as the government cracks the whip on delayed payments and weighbridge tonnage fraud. The Kenya Sugar Board (KSB) has ordered that sugar millers must pay farmers within…
Friday’s vote could determine how Saccos absorb billions lost in the KUSCCO crisis. Affected Saccos have already been forced to recognise losses and set aside provisions. Pressure is mounting for accountability as members seek answers over how the funds disappeared. Kenyan Saccos head into Friday’s KUSCCo special general meeting still counting the cost of a…
Kenya is rolling out a digital system to give cows, goats and sheep unique identities. The system will help tackle livestock theft, track diseases and verify animal ownership. Digital traceability could also help Kenyan livestock producers access lucrative export markets. Cows, goats and sheep could soon have their own digital identity as the government steps…
SASRA has opened applications for DT SACCOs seeking to renew their licences for 2027. Regulated SACCOs have until September 30, 2026, to complete their renewal applications. The regulator will publish the list of SACCOs licensed for 2027 by January 31 next year. The Sacco Societies Regulatory Authority (SASRA) has opened the renewal window for 2027…
KUSCCO has spent the week training SACCO leaders on budgeting, liquidity management and cost control, while Supervisory Committee members have been sharpening their oversight skills. The combination is telling: financial performance is not just about raising more money. It is also about how SACCOs plan, control costs, manage liquidity and keep management accountable. READ MORE: …
KUSCCO set for rebranding as KEFESCO under restructuring plan Government moves to address union’s financial crisis Shareholders to discuss KUSCCO’s future on August 28 The Government is planning to rename the Kenya Union of Savings and Credit Cooperatives (KUSCCO) to the Kenya Federation of Savings and Credit Cooperatives (KEFESCO) as part of efforts to restructure…
fertiliser price drops to Ksh2,000 per 50kg bag Certified maize seed costs cut by half Government targets farmers hit by drought losses The Government has slashed the price of fertiliser to Ksh 2,000 per 50kg bag and halved the cost of certified maize seed to cushion farmers from drought-related losses. Under the new intervention, farmers…
