Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The cooperative movements are poised to witness the first ever SACCO Expo, a landmark event designed to catalyze growth, innovation, and collaboration within the Savings and Credit Cooperative Organizations (SACCOs) ecosystem. Scheduled for January 29-30, 2026, at the Sarit Expo Centre in Nairobi, this two-day exposition represents a strategic opportunity for stakeholders to align with…
The National Construction Authority (NCA) has shut down two non-compliant construction sites in Seme Sub-County, Kisumu County. This is part of an ongoing quality assurance crackdown following growing concern over unsafe building practices and aims to ensure that all construction projects adhere to required safety standards and regulatory guidelines. Speaking during the operation, NCA Central…
Listen up, SACCO members: If you’re about to slap your signature on a loan guarantee form for a colleague or another member, pausing. Take a deep breath. Then shred that thing unless you’ve done your homework. In the cutthroat world of cooperative lending, guaranteeing a loan isn’t some noble act of camaraderie—it’s a financial landmine…
The government, through the Sacco Societies Regulatory Authority (SASRA), has directed all Savings and Credit Cooperative Organisations (SACCOs) to submit their audited financial statements by March 15, 2026, as part of regulatory compliance measures. In a notice issued on January 9, SASRA said the submission window will run from January 1 to March 15, 2026,…
Commercial banks and savings and credit cooperatives (SACCOs) have urged the National Treasury to ease payroll taxes to shore up workers’ disposable income, citing rising deductions and persistent inflation that have eroded real wages. In separate submissions, the Kenya Bankers Association (KBA) and the Kenya Union of Savings and Credit Cooperatives (KUSCCO) called for reforms…
Co-operative societies have been warned against placing members’ savings in unregulated institutions, with the government saying the practice violates the law and exposes depositors to serious financial risk. The Commissioner for Co-operative Development, David Obonyo, said some societies are ignoring statutory safeguards by investing funds in entities that fall outside the country’s regulatory framework. In…
The Kenya Union of Savings and Credit Cooperatives (KUSCCO) will host the 11th SACCO Leaders Convention (SLC) in Mombasa from February 17 to 19, 2026, bringing together SACCO board members, chief executive officers, senior managers and key sector stakeholders to discuss the future of the cooperative movement. The convention, to be held at PrideInn Paradise…
The Coffee market at the Nairobi Coffee Exchange (NCE) has resumed its weekly auction following the December break, netting Ksh1.5 billion from the sale of 24,890 bags sourced from estates and cooperative societies. This follows a strong performance between October and December 16, where the auction generated Ksh 9.3 billion from 150,008 bags. In the…
Firms involved in the planned Kenya Pipeline Company (KPC) Initial Public Offering (IPO) are expected to earn more than Ksh200 million in consultancy fees as preparations for the listing at the Nairobi Securities Exchange (NSE) gains momentum. According to official disclosures, the IPO process has attracted a consortium of investment banks, legal firms, registrars, and…
The National government is set to disburse Ksh1.25 billion to youth beneficiaries under the Nyota Fund, a key component of its economic empowerment agenda aimed at addressing youth unemployment. The rollout, which is scheduled to take place between January 8 and January 16, follows the successful completion of mandatory three-day business skills training by beneficiaries…
