Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya moves one place higher in the latest global ranking The country remains Africa’s only representative among the leading 15 Kenyan Saccos continue to post strong assets, lending and membership figures Kenya’s Savings and Credit Cooperatives (Saccos) have climbed to 13th globally and first in Africa, a new international report shows. Kenya stands alone as…
Biashara DT Sacco members are set to meet in Nyeri for a special sitting The 2027 budget will be among the key items on the agenda Members will also take part in a Supervisory Committee election Biashara DT Sacco Society Ltd has called a Special General Meeting for October 9, 2026, bringing members together to…
Stima Sacco expands its reach through a new banking partnership Members gain access to more channels for depositing into their accounts The arrangement adds thousands of access points beyond the Sacco’s branches Stima Sacco members can now deposit into their accounts at 224 KCB branches and more than 22,000 KCB Mtaani agents across Kenya. The…
Kenya’s biggest Saccos continue to expand their balance sheets Lending and deposit mobilisation remain key drivers of Sacco growth The latest industry data reveals shifting fortunes among leading institutions SASRA’s Sacco Supervision Annual Report, 2025 has ranked Kenya’s 10 largest Saccos by total assets, deposits, loans and income. Kenya had 357 regulated Saccos in operation…
Deputy Chief Justice holds talks with African cooperative leaders in Nairobi Discussions focus on strengthening leadership and governance across the movement ACCOSCA outlines plans to deepen partnerships supporting cooperative development Deputy Chief Justice Philomena Mwilu held talks with African cooperative savings and credit leaders in Nairobi this week. The Deputy Chief Justice and Vice President…
Middle East conflicts expose tea and coffee Saccos to financial risks Farmers could face pressure on loan repayments and savings Diaspora members may also be affected by job and income disruptions Saccos serving tea and coffee farmers have been warned of possible financial risks arising from conflicts in the Middle East. Disruptions to crop markets…
Guarantor-related Sacco complaints surge sharply in 2025 Loan and loan issuance complaints also increase during the year Savings and deposit refund cases remain the largest complaint category Complaints involving Sacco loan guarantors more than quadrupled in 2025, emerging as one of the fastest growing areas of concern among members. According to the 2025 Sacco Supervision…
Treasury plans to redirect Sacco deductions straight to societies Unremitted payroll deductions rise as more members are affected Most outstanding deductions are linked to Sacco loan repayments Kenya is moving to take billions of shillings in workers’ Sacco deductions out of the hands of employers. The payroll overhaul is designed to stop a growing crisis,…
Large Saccos continue to hold most of the sector’s deposits Hundreds of smaller societies account for a much smaller share Government-based Saccos hold the largest deposits by membership category Deposits remain heavily concentrated among a small group of large societies, with 46 Saccos controlling nearly 70 per cent of the sector’s total deposits in 2025….
More Saccos are moving financial services onto digital platforms Mobile, USSD and digital lending services continue to expand Sacco agency networks also record growth as access widens Saccos are now taking financial services to the internet as the sector expands its digital platforms and reduces reliance on traditional branches. The 2025 Sacco Supervision Annual Report…
