July 12, 2025
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Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

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ODM leader Raila Odinga and President William Ruto, when they launched the construction of Lake Victoria point affordable housing project in Kisumu on May 29, 2025

Ruto, Raila commission Ksh66 billion Makasembo Housing Project in Kisumu

Sacco Review05 mins

President William Ruto and former Prime Minister Raila Odinga officially commissioned Phase I of the Makasembo Affordable Housing Project in Kisumu on Saturday, May 31. The project, developed by the Local Authorities Pension Fund (LAPFUND), marks a major milestone in the government’s affordable housing programme and the broader Bottom-Up Economic Transformation Agenda (BETA). Construction of…

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SACCOs defy digital trend, expand physical branches across Kenya

Sacco Review08 mins

Despite rapid advancements in digital banking, Kenya’s Savings and Credit Cooperative Societies (SACCOs) continue to prioritize opening brick-and-mortar branches—especially in rural areas where a significant number of their members, such as peasant farmers, reside. Annual reports for the year ending December 31, 2024 and outlooks for 2025 reveal that several dynamic deposit-taking SACCOs plan to…

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Faridi Sacco Vice Chairperson Jeremiah Luttah and other staffs during the Ushirika day celebration in Busia/photo courtesy

Incorporate cooperative aspects in school curriculum to boost savings culture, says Sacco boss

Sacco Review05 mins

Faridi Sacco Vice Chairperson Jeremiah Luttah has called for incorporation of cooperative aspects in school curriculum to boost the saving culture among the young generation. Speaking during the Ushirika Day 2025 celebration at the Busia ATC ground, an event attended by various key stakeholders in the cooperative movement in Busia County, Luttah highlighted the need…

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Kangundo MP Fabian Kyule his personel assistant John Kituku yesterday.The fund was set aside by Deputy President Prof Kithure Kindiki to help women groups to assist them for starting or expanding their businesses to uplift their financial status.Photo By Gastone Valusi

Women groups in Kangundo receive empowerment funds from National government

Sacco Review02 mins

Several women groups in Kangundo Constituency, have received empowerment funds from the national government. The fund was set aside by Deputy President Prof Kithure  Kindiki  to help women groups to assist them for starting or expanding their businesses to uplift their financial status. Kangundo MP Fabian Kyule his personal assistant John Kituk who was issuing cheques to women groups…

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Bungoma County Agriculture and cooperatives,CECM Herbert Wanjala Kibunguchy/photo courtesy

Bungoma County bets on cooperatives to stir economy, uplift livelihoods

Sacco Review03 mins

County Government of Bungoma is banking on cooperatives to catalyze inclusive economic growth and uplift livelihoods, signaling a renewed push to strengthen the cooperative movement across all 45 wards. Speaking during the International Day of Cooperatives held in Lukhokhwe, in Tongaren, County Executive Committee Member (CECM) for Agriculture and cooperatives, Herbert Kibunguchy, reaffirmed the administration’s resolve…

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Tea farmers reap big at Mombasa auction as tea sales climb to Ksh 904 million

Sacco Review03 mins

Tea farmers have a reason to smile after earnings from this week’s Mombasa auction rose slightly. According to data from Tea Brokers East Africa Ltd, tea factories earned Ksh 904.1 million, up from Ksh 902 million last week, following the sale of 3.72 million kilos of tea. The sale, held in Mombasa, saw increased demand and participation…

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Annual Ksh3 billion SACCO losses raise alarm over weak oversight

Sacco Review05 mins

The cooperative finance sector in Kenya is under growing scrutiny as fresh revelations expose extensive financial mismanagement and fraud across savings and credit cooperatives (SACCOs), with annual losses exceeding Ksh3 billion. According to the Sacco Societies Regulatory Authority (SASRA), these massive losses are attributed to poor governance, unremitted member contributions, liquidity challenges and a widespread…

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1 / 1 – Murang'a Famers Co-operative Union Chairman Francis Ngone speaking to journalists after the meeting./photo file

Coffee farmers oppose Direct Payment System amid government directives

Sacco Review08 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….

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Kirinyaga County Coffee farmers/photo courtesy

Kirinyaga coffee farmers win first round in DSS legal battle

Sacco Review02 mins

The battle between Kirinyaga county coffee farmers and the Nairobi Coffee Exchange (NCE) is now in the corridors of justice, as the high court extended conservatory orders barring the implementation of the Direct Settlement System (DSS) and new reforms in the coffee sector until July 28, 2025. The Cooperative Bank that operates the DSS also…

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