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

SACCO Central Kenya urged to strengthen financial resilience

Sacco ReviewAugust 22, 202607 mins

SCK is being urged to strengthen resilience amid rising competition. Government wants greater innovation and efficiency across Saccos. The push aims to protect members while expanding financial inclusion. SACCO Central Kenya (SCK) has been challenged to strengthen its financial resilience, improve shared services and embrace innovation to remain competitive as Kenya’s cooperative financial sector undergoes…

Kenyan CEOs seek reforms to cut business costs

Sacco ReviewAugust 21, 202608 mins

Kenyan CEOs want the government to cut business costs, make credit cheaper and clear pending bills owed to firms. High operating expenses, weak purchasing power and policy uncertainty remain major concerns for businesses. Despite the challenges, firms see technology adoption, stronger demand and market expansion as key growth opportunities. Kenya’s private-sector leaders have intensified calls…

Metropolitan Sacco faces collapse after fresh insolvency inquiry

Sacco ReviewAugust 21, 202603 mins

Metropolitan Sacco faces possible winding up after a fresh inquiry found continued financial distress. Authorities are weighing three options as members seek access to their savings. Nearly all of the Sacco’s loan book was reportedly in default, deepening concerns over its survival. The government is considering winding up Metropolitan Sacco after a fresh inquiry found…

Forward Travellers Sacco hosts MSL Sacco for benchmarking visit

Sacco ReviewAugust 21, 202602 mins

Forward Travellers Sacco has hosted MSL Sacco for a corporate-to-corporate benchmarking visit, bringing the two institutions together to exchange ideas on strengthening Sacco operations. The engagement gave both Saccos an opportunity to share best practices in operations, service delivery, governance, member engagement and business growth. According to Forward Travellers Sacco, the benchmarking exercise is aimed…

Banks step up lending to MSMEs as borrowing costs ease

Sacco ReviewAugust 21, 202604 mins

Banks have increased lending to MSMEs as falling interest rates make credit more affordable. The latest figures reveal which lenders are leading the race to finance small businesses. Lower borrowing costs are encouraging stronger demand for credit across key sectors of the economy. Kenyan businesses are gaining easier access to bank financing, with lenders advancing…

Imarika Foundation to host cultural luncheon for needy learners

Sacco ReviewAugust 21, 202602 mins

Imarika Foundation is set to host a cultural fundraising luncheon in Kilifi County to support bright but financially needy learners, combining heritage celebrations with an education fundraising drive. The event is scheduled for Saturday, August 22, 2026, at Imarika Plaza from 11am, and will bring together cultural festivities with fundraising for education support. Leaders from…

KRA seeks easier clearance of shared-container goods for small traders

Sacco ReviewAugust 21, 202605 mins

KRA proposes changes that could cut clearance costs and delays for small importers using shared containers. Traders may soon pay only for handling and clearing their own consignments instead of shared costs. Dedicated de consolidation facilities could help speed up cargo separation and reduce extra charges. Small-scale importers could soon face fewer costs and delays…

ACCOSCA champions Africa’s cooperative voice in Fiji

Sacco ReviewAugust 21, 202603 mins

ACCOSCA takes Africa’s cooperative finance experience to a major global dialogue in Fiji. The engagement highlights how cooperative finance can drive inclusive economic participation. African and Pacific stakeholders explore stronger collaboration to advance the cooperative movement. The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) has taken Africa’s cooperative finance experience to a high-level…

Who is funding dishonesty in Kenya’s tea sector?

Sacco ReviewAugust 21, 202604 mins

A fresh dispute is brewing in Kenya’s tea sector, with allegations of a campaign to destabilise KTDA. A leaked audit on factory loans has intensified tensions as farmers weigh calls for action. The controversy comes as tea growers push for better returns and question proposed changes in the sector. Interested parties are allegedly bankrolling a…

Absa Bank partners Simba Corporation to boost SME vehicle financing

Sacco ReviewAugust 21, 202604 mins

Absa and Simba Corp strike a deal to make vehicle financing more accessible to Kenyan businesses. SMEs can secure high financing for commercial vehicles, with repayment periods stretching several years. Schools purchasing buses will get full financing under terms designed to ease cash flow pressure. Absa Bank Kenya has partnered with local conglomerate Simba Corporation…