Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Savings and Credit Cooperative Societies (Saccos) have been cited as a strategic vehicle for driving investment, savings, and a culture of entrepreneurship to help create wealth at Kenya’s grassroots. Speaking at the official launch of Shirikiana Sacco at Masinde Muliro University in Kakamega County, President William Ruto, who was the guest of honor, described the…
President William Ruto has launched Shirikiana Sacco, a new cooperative financial institution designed to expand access to savings, affordable credit and investment opportunities, in what he termed a landmark initiative set to transform livelihoods across Western Kenya and beyond. The launch, held at Masinde Muliro University of Science and Technology in Kakamega County, brought together…
President William Ruto has committed KSh50 million to Shirikiana Sacco, pledging personal membership and investment in the newly launched cooperative at its unveiling at Masinde Muliro University of Science and Technology in Kakamega County on Saturday, June 13, 2026. In his address, President Ruto said he had agreed with Cooperatives and MSMEs Development Cabinet Secretary…
President William Ruto will preside over the official launch of Shirikiana SACCO at Masinde Muliro University of Science and Technology (MMUST) in Kakamega County on Saturday, June 13, 2026. The event, hosted by Cabinet Secretary for Co‑operatives and MSMEs Development, Wycliffe Oparanya, marks a significant milestone in advancing financial inclusion and strengthening the cooperative movement…
The government has unveiled plans to leverage proceeds from the 1.5 per cent Affordable Housing Levy as collateral for a KSh100 billion loan through securitisation, a move that suggests the deduction may remain a long-term fixture on workers’ payslips. Disclosures by a Parliamentary committee show that the State Department for Housing plans to take the…
Kenya has framed its two‑million housing deficit as a business opportunity for investors while lobbying for more funding at the World Urban Forum (WUF13) in Baku, Azerbaijan, where the government described the shortage as a development emergency. Speaking at the forum, Public Works, Housing and Urban Development Cabinet Secretary Alice Wahome outlined the challenges of…
National Treasury Cabinet Secretary John Mbadi has assured Kenyans that the government is weighing fresh interventions to ease the burden of soaring fuel prices, which continue to pile pressure on households and businesses across the country. Speaking in Kisumu during a public engagement, Mbadi revealed that the Treasury is exploring additional measures, including further tax…
President William Ruto has defended Kenya’s affordable housing initiative, stating that the country has shown that people living in informal settlements can move into modern high-rises without facing higher living costs. Speaking at the World Urban Forum in Baku, Azerbaijan, on May 18, President Ruto highlighted that Kenya had begun replacing Nairobi’s informal settlements with organised,…
President William Ruto has reiterated his administration’s commitment to expanding Kenya’s Affordable Housing Programme during high‑level engagements at the World Urban Forum in Baku, Azerbaijan. Ruto made the remarks after meeting Anacláudia Rossbach, Executive Director of the United Nations Human Settlements Programme (UN‑Habitat), on the sidelines of the global summit on sustainable urban development. In…
President William Ruto has left Nairobi for Baku, Azerbaijan, to attend the 13th Session of the World Urban Forum (WUF13), where Kenya will present its Affordable Housing Programme (AHP) as a model for sustainable urban development and economic transformation. The high‑level forum, convened by UN‑Habitat, brings together governments, investors, urban planners, civil society organisations, and…
