Why many Saccos have cut, skipped dividend payouts
247 Saccos cut or skipped dividends after regulators directed them to retain earnings and strengthen capital reserves. The move aims to improve liquidity, protect members’ savings and support affordable lending despite strong sector growth. Regulated Saccos grew assets to Ksh727.1 billion, while the wider sector’s assets surpassed Ksh1.2 trillion in 2025. Kenya’s Savings and Credit…
Job seekers in a long queue. Photo courtesy
Kenya must create jobs to secure long term economic stability
The recent fury over fuel prices was never only about oil. It was a seismic outburst from years of structural strain. Yes, geopolitics lit the match. War in the Middle East and threats to the Strait of Hormuz choked energy and trade, and for a net importer like Kenya the timing was brutal. But external…
Saccos disburse Sh33.7B for land and housing in Q1 2026
Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…
Commercial banks overtake Saccos as farmers’ top credit source, CBK data shows
Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…
KEPSA Chief SME and Enterprise Development Officer Harrison Ngatia. PHOTO: Courtesy
KEPSA set to host third annual SME conference to boost business resilience
KEPSA will host its third SME Conference, Awards and Exhibition on July 23 to 24 in Nairobi. The event will address SME financing, governance, market access and business competitiveness. KEPSA says SMEs employ 15 million people and contribute 40 per cent of Kenya’s Gross Domestic Product (GDP). The Kenya Private Sector Alliance (KEPSA) is set…
President William Ruto during the official launch of the Mukuru Estate Phase II, on December 18, 2025-Photo|Courtesy
Boma Yangu refunds near half of Sh5.47 billion raised as more savers pull out
Kenyans have withdrawn Ksh2.56 billion from the Boma Yangu scheme. Refunds have increased 3.5 times since President Ruto took office. Refunds are rising faster than new savings, signalling weaker confidence. Kenyans have pulled more than Ksh2.5 billion out of the government’s Boma Yangu housing savings scheme, as growing numbers of contributors abandon the programme and…
MSEA leads AfCFTA training to boost women and youth led trade
MSEA and partners are training women and youth traders on AfCFTA opportunities during a two day programme running on July 20 and 21. The training focuses on market access, digital trade, finance and the AfCFTA Protocol on Women and Youth in Trade to help traders expand across Africa. An exhibition is showcasing products by Kenyan…
PS for Co-operatives, Patrick Kilemi (3rd from left) together with SASRA CEO David Sandagi (4th from left) and other delegates at the 2026 International Credit Union Regulators' Network (ICURN) Annual Conference, held from 15 to 17 July at the Taj Palace. Photo/ SASRA official Facebook page
SASRA outlines Kenya’s cyber resilience strategy at global regulators’ conference
SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…
SASRA CEO, CPA David Amiani Sandagi. Photo/Courtesy
SASRA clarifies regulatory boundaries for Secondary Saccos in proposed 2025 bill
SASRA says secondary Saccos will not offer retail services. Bill seeks to protect member savings through a Deposit Guarantee Fund. Reforms also strengthen liquidity management and interbank access The Sacco Societies Regulatory Authority (SASRA) has pushed back against widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, clarifying that the bill will not allow…
Homa Bay farmers celebrate first rice harvest as revived irrigation project delivers
Homa Bay farmers celebrate first rice harvest under revived irrigation scheme. Government begins buying paddy as farmers expect improved incomes. Project boosts food security and supports commercial rice farming. Hundreds of smallholder farmers in Homa Bay County are celebrating their first rice harvest after the revival of the Kimira-Oluch Smallholder Farm Improvement Project (KOSFIP). The…
