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

Ruto launches Ksh280 million market projects during Kajiado tour

Sacco ReviewSeptember 8, 2026September 8, 202602 mins

Ruto launches KSh280 million market projects in Ongata Rongai. New Ksh210 million market will serve more than 1,000 traders. Completed Ksh70 million ESP market is already serving 200 traders. President William Ruto has commissioned new market projects worth Ksh280 million in Ongata Rongai, Kajiado North, as part of a wider tour of infrastructure works across…

Sugar sector rejects new Crops Bill financing proposals

Sacco ReviewSeptember 8, 202604 mins

Sugar stakeholders reject proposed changes to sector financing. Industry players warn KADCO could weaken accountability. MPs defend the plan as a solution to agriculture’s funding gaps. Sugar farmers and industry players have rejected proposed changes to how their sector is financed under the Crops Laws Amendment Bill, 2026. They told a National Assembly committee the…

DT Saccos post profit rebound despite rising bad loans

Sacco ReviewSeptember 8, 202605 mins

Bad loans edged higher as DT Saccos posted stronger profits. Capital and liquidity buffers improved significantly in the quarter. Rising loan exposure remains a key risk for the sector. Non-performing loans among Kenya’s deposit-taking (DT) Saccos edged higher in the quarter to June 2026, even as the segment posted stronger capital buffers and improved liquidity,…

ICT Authority steps up cybersecurity for government systems

Sacco ReviewSeptember 8, 202605 mins

Government systems face stronger cybersecurity safeguards. Stakeholders are testing new risk assessment tools. Framework gaps are being addressed before certification. Kenya is stepping up efforts to protect government digital systems and Critical Information Infrastructure (CII) from cybersecurity threats that could disrupt essential services, compromise sensitive information and undermine confidence in the country’s rapidly expanding digital…

Sacco sector assets hit Sh1.25 trillion in Q2 2026

Sacco ReviewSeptember 7, 2026September 7, 202606 mins

Sacco sector assets rise to Ksh1.25 trillion Deposits and loans continue to expand Stronger reserves boost the sector’s capital base Kenya’s regulated Saccos closed the second quarter of 2026 with total assets of Ksh1.25 trillion, a 12.64% rise from June 2025, according to the latest report by the SACCO Societies Regulatory Authority (SASRA). The growth,…

Waumini Sacco mourns internal audit manager

Sacco ReviewSeptember 7, 2026September 7, 202601 mins

Waumini Sacco Society is mourning the death of its Internal Audit Manager, David Kamau Mwangi, who died on September 5, 2026, at Coptic Hospital after battling an illness. Mwangi served the Sacco for five years, a tenure the organisation says was marked by dedication and professionalism. In a statement, the Sacco said his leadership and…

Business registrations soar as formal jobs stay scarce

Sacco ReviewSeptember 7, 2026September 7, 202604 mins

Business registrations hit a five year high Informal work continues to dominate Kenya’s job market Cheaper business structures drive most new registrations Kenya’s entrepreneurs are registering new ventures at a pace not seen in half a decade, but the numbers tell a more complicated story about the country’s job market. The Business Registration Service (BRS)…

Gov’t to revoke visas of foreigners flouting work permit rules

Sacco ReviewSeptember 7, 202605 mins

Government warns foreigners against misusing visas for business Visas may be revoked over work permit violations Kenya reaffirms openness to legitimate investors and EAC citizens The government has warned that foreigners found engaging in employment, trade or business activities outside the terms of their visas will have those visas revoked. This is according to a…

NewFortis Sacco sets delegates election dates, outlines requirements

Sacco ReviewSeptember 7, 202603 mins

NewFortis Sacco sets delegate elections for September 19 to 26 Candidates must meet savings, shares and membership requirements Nomination forms must be returned by September 14 NewFortis Savings and Credit Co-operative Society Limited will hold delegates elections in all electoral zones between September 19 and 26, 2026, starting at 10.00 a.m. In a notice dated…

U&M Housing distances itself from KUSCCO liquidation

Sacco ReviewSeptember 7, 202603 mins

U&M Housing says it is separate from KUSCCO liquidation Society changed its name to distance itself from KUSCCO Members assured operations and services remain unaffected You and Me Housing Co-operative Society Ltd (U&M Housing) has moved to reassure its members that it has no link to the ongoing liquidation of the Kenya Union of Savings…