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

German-Kisumu partnership brings water relief to 800 homes in Chulaimbo

Sacco ReviewApril 9, 202605 mins

A partnership between Gersthofen and Kisumu County has delivered a Sh5 million water project set to benefit at least 800 households in Chulaimbo. The project, launched on Wednesday by Gersthofen First Mayor Michael Wörle and Kisumu Deputy Governor Mathew Owili, will be managed by Kisumu Water and Sanitation Company (KIWASCO) and is expected to expand…

WOCCU guidelines on use of AI in Saccos

Sacco ReviewApril 9, 202608 mins

Savings and credit co-operatives (Saccos) have received a roadmap for adopting artificial intelligence (AI) tools as the sector explores how emerging technologies could improve efficiency, risk management and member services. The guidance, developed for credit unions globally by the World Council of Credit Unions (WOCCU), outlines in a white paper how financial cooperatives can integrate AI…

KRA appoints Lilian Nyawanda acting commissioner general as Wattanga exits

Sacco ReviewApril 8, 2026April 8, 202604 mins

The Kenya Revenue Authority (KRA) has appointed Dr. Lilian Nyawanda as Acting Commissioner General following the exit of Humphrey Wattanga. The Authority confirmed on Wednesday that Wattanga’s contract would not be renewed, and he has proceeded on terminal leave with immediate effect. “The Kenya Revenue Authority (KRA) Board informs the public that it will not…

KBA urges central bank to maintain benchmark rate at 8.75% amid rising global risks

Sacco ReviewApril 8, 202604 mins

The Kenya Bankers Association (KBA) Centre for Research on Financial Markets and Policy has called on the Central Bank of Kenya (CBK) to maintain the current benchmark policy rate at 8.75%. This recommendation comes in light of rising global risks, including escalating geopolitical tensions and the increasing pressure on inflation and the exchange rate. In…

CS Oparanya with Committee of Experts during presentation of Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto.

Proposed reforms to make whistle blower policy mandatory in SACCOs

Sacco ReviewApril 8, 2026April 8, 202608 mins

Savings and Credit Co-operative Societies (SACCOs) could soon be required to adopt mandatory whistle-blower policies as part of sweeping reforms aimed at improving transparency, governance and accountability in the sector. The proposal is contained in a report by a Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework. The committee recommends that SACCOs establish…

Imarika DT Sacco headquarters in Kilifi County on

Imarika Sacco assets hit Ksh16.1 billion as performance surpasses targets

Sacco ReviewApril 8, 2026May 7, 202605 mins

Imarika Sacco, one of Kenya’s fastest-growing cooperatives, has once again recorded strong financial performance, posting total assets of Ksh16.1 billion in the year ended 31st December 2025. The Sacco also reported increased member deposits, which rose to Ksh10.5 billion against a target of Ksh10.6 billion falling short by Ksh100 million. In contrast, loans and advances…

NBA Board Chairman Hon. David Wamatsi in a group photo during a visit to Malaba and Busia border offices

New NBA offices in Moyale, Isebania to boost GMO monitoring drive

Sacco ReviewApril 8, 2026April 8, 202604 mins

The National Biosafety Authority (NBA) has expanded its operational footprint with the opening of new offices in Moyale and Isebania, in a strategic move aimed at strengthening surveillance and monitoring of Genetically Modified Organisms (GMOs) across the country. The operationalisation of the two offices is expected to enhance regulatory oversight, particularly at key entry points,…

Proposed Bill to compel foreign firms to hire Kenyans, with penalties up to Ksh100 million for violation

Sacco ReviewApril 7, 2026April 7, 202604 mins

Kenya is set for a major policy shift in how foreign companies operate, following the introduction of the Local Content Bill, 2025. The proposed law, sponsored by Laikipia County Woman Representative Jane Kagiri, has already passed its First Reading in the National Assembly, and aims to strengthen local participation in the economy by imposing strict…

President Ruto launching the Affordable housing in Mukuru

Parliament approves KSh25 billion to rescue affordable housing projects at risk of stalling

Sacco ReviewApril 7, 202603 mins

More than 1,700 affordable housing units that were on the verge of stalling will now proceed after Members of Parliament approved KSh25 billion to unlock funds previously tied up in Treasury Bills. The allocation, passed under Supplementary Estimates I for the 2025/26 financial year, is expected to ensure contractors are paid and ongoing projects remain…

Machogu urges youth to join SACCOs for financial security and national growth

Sacco ReviewApril 7, 202603 mins

Former Education Cabinet Secretary Ezekiel Machogu has called on school leavers and university graduates to embrace Savings and Credit Cooperative Organisations (SACCOs) as a pathway to financial stability and empowerment. Speaking during a youth empowerment forum hosted by the Kisii Youth Bunge Sacco, Machogu said young people must harness their education, creativity, and talents to…