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

When SACCOs lose their soul: Mismanagement, family control, no dividends, and the illusion of opulence

Sacco ReviewApril 28, 2026010 mins

SACCOs (Savings and Credit Cooperative Organisations) are founded on a simple promise—members pool savings, trust leadership, and share in financial growth through affordable credit and annual dividends. In their ideal form, SACCOs represent discipline, transparency, and collective progress. But when governance weakens, and accountability fades, that promise can slowly transform into mismanagement, inequality, and eventually…

Tea directors tell Agriculture PS to keep off tea factories

Sacco ReviewDecember 3, 202403 mins

Tea directors from Meru and Tharaka Nithi counties have told the Agriculture Principal Secretary Paul Rono to keep off and stop meddling with tea factories issues because the government has no powers to interfere with private entities. The directors challenged the authority of Agriculture PS following his recent directives regarding the troubled Miciimikuru Factory. During an…

MCA calls for audit of coffee co-operatives

Sacco ReviewJune 8, 201803 mins

By Makoma Musyoka A ward representative has pledged to audit all the coffee societies in Machakos County with a view of reviving the sector which has been run down through mismanagement over years. Speaking to hundreds of farmers at Kilalani Coffee Farmers Co-operative Society in Kangundo Sub-county during this year’s Annual General Meeting (AGM), Kangundo…

County policy to streamline management of co-ops

Sacco ReviewApril 30, 201803 mins

By Azael Masese Bomet County is developing a cooperative policy to address issues affecting the operations of societies in the region. County Co-operative Commissioner David Kerich said the Bill that will establish this into law is before the County Assembly. “If adopted, it will attempt to curb mismanagement of co-operatives in the region since this…