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

CEOs and CFOs to sign SACCOs audited accounts as SASRA tightens accountability

Sacco ReviewDecember 20, 2025December 20, 202506 mins

Chief Executive Officers (CEOs) and Chief Finance Officer or Finance Manager (CFO or FM) of Savings and Credit Cooperative Organisations (SACCOs) must now sign audited financial statements alongside authorized board signatories, a move aimed at cementing personal and collective responsibility for financial reporting in the cooperative sector. The Sacco Societies Regulatory Authority (SASRA) announced the…

Kenya Sugar Board moves to avert strike with pledge on workers’ arrears

Sacco ReviewDecember 20, 202505 mins

The Kenya Sugar Board (KSB) has stepped in to ease mounting labour unrest in the sugar sector, promising prompt payment of arrears to cane workers after the Kenya Union of Sugarcane Plantation and Allied Workers (KUSPAW) threatened a nationwide strike. KSB Chief Executive Officer Jude Chesire said the government is working to ensure that workers…

Meru residents celebrate appointment of county water CECM Baptista Kanyaru to Family Bank Board

Sacco ReviewDecember 20, 202504 mins

Meru residents and leaders have welcomed the appointment of County Executive Committee Member (CECM) for Water, Baptista Muriki Kanyaru, to the board of Family Bank of Kenya. The bank announced that Kanyaru’s entry into its board is expected to strengthen governance, strategy, and regulatory compliance as the institution expands its footprint in the country’s banking…

Tongoyo hails youth employment push as government links graduates to jobs at home and abroad

Sacco ReviewDecember 20, 202504 mins

Narok West Member of Parliament Gabriel Tongoyo has praised government initiatives aimed at expanding employment opportunities for young people, saying the programmes are beginning to yield results. He noted that while unemployment remains a major national challenge, an increasing number of youths are benefiting from targeted interventions. Speaking at a graduation ceremony at Maasai Mara…

Farmers shift to family and digital lenders as bank, SACCO credit drops despite CBK easing

Sacco ReviewDecember 19, 202504 mins

Kenyan farmers are increasingly ditching banks and SACCOs in favour of borrowing from family, friends and digital lending platforms, even as conventional borrowing costs fall. The latest Agriculture Sector Survey by the Central Bank of Kenya (CBK) shows a clear pivot toward informal and tech‑enabled credit, underscoring changing preferences and risk dynamics in agricultural financing….

State reaffirms commitment to strengthening teachers’ SACCOs

Sacco ReviewDecember 18, 2025December 18, 202506 mins

The government has reaffirmed its commitment to strengthening teachers’ SACCOs as part of wider efforts to build a stable, transparent and well-regulated cooperative sector that safeguards members’ savings and supports inclusive economic growth. Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, gave the assurance during a high-level meeting with…

Transforming SACCOs through community-driven innovation

Sacco ReviewDecember 18, 2025010 mins

In the heart of our communities, where families save for school fees, businesses borrow to grow, and neighbours pool resources for a better tomorrow, Savings and Credit Cooperatives (SACCOs) stand as pillars of financial hope. Yet, too often, the voices of those who live and breathe these realities are drowned out by top-down policies and…

Migori Calls on MSMEs to apply for KJET value addition funding before year-end deadline

Sacco ReviewDecember 18, 202504 mins

The Migori County Department of Agriculture, Livestock and Fisheries Development has issued an urgent call for applications from Micro, Small and Medium Enterprise (MSME) clusters seeking co-investment support under the Kenya Jobs and Economic Transformation (KJET) Project. With less than 2 weeks left before the December 31 deadline, the department is urging cooperatives, associations, self-help…

IRA holds insurance sensitization drive in Trans Nzoia County under Bima Mashinani Programme

Sacco ReviewDecember 18, 202504 mins

The Insurance Regulatory Authority (IRA) has intensified its nationwide sensitization campaign, taking its Bima Mashinani programme to Trans Nzoia County in an effort to strengthen public understanding of insurance and address persistent challenges in the sector. The outreach, which brought together key stakeholders at the Kitale National Polytechnic, was led by IRA board director Immaculate…

Police DT SACCO CEO Solomon Atsiaya honoured with Presidential MBS Award

Sacco ReviewDecember 18, 2025December 18, 202502 mins

Kenya National Police DT SACCO Chief Executive Officer, Solomon Angutsa Atsiaya, has been conferred the prestigious Moran of the Order of the Burning Spear (MBS) by President William Ruto for his outstanding leadership and service to the cooperative movement. The national honour recognizes Atsiaya’s transformative role in strengthening SACCO governance, expanding financial inclusion, and advancing…