Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Friday’s vote could determine how Saccos absorb billions lost in the KUSCCO crisis. Affected Saccos have already been forced to recognise losses and set aside provisions. Pressure is mounting for accountability as members seek answers over how the funds disappeared. Kenyan Saccos head into Friday’s KUSCCo special general meeting still counting the cost of a…
Saccos await legal reforms that could unlock shared liquidity and cheque clearing access. Delays in the Cooperatives Bill are slowing efforts to strengthen governance and competition. Industry leaders say a unified payments and lending platform could boost deposits, loans and membership. Saccos offering Front Office Service Activity (FOSA) are losing ground to rival lenders. Parliament…
KETSA will bring SACCO CEOs together in Mombasa for its 2026 annual workshop. Leaders will explore innovation and ways to expand Sacco services for changing member needs. The five day event will focus on strategies to strengthen the sector’s impact and competitiveness. The Kenya Teachers SACCO Association (KETSA) is set to host its Annual CEOs…
ACCOSCA is seeking stronger partnerships to build trust and advance SACCO development across Africa. The organisation says collaboration with regulators, government and media can strengthen cooperative institutions and policy engagement. Stakeholders have called for stronger cross border cooperation as African economies become more interconnected. The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) is…
IG SACCO will close its branches early on Saturday for scheduled system maintenance. Branches will close at 11am, while the Head Office will remain open until 12.30pm. Members can continue accessing services through the SACCO’s digital channels during the maintenance period. IG SACCO will temporarily scale down its physical branch operations on Saturday, August 29,…
SASRA has opened applications for DT SACCOs seeking to renew their licences for 2027. Regulated SACCOs have until September 30, 2026, to complete their renewal applications. The regulator will publish the list of SACCOs licensed for 2027 by January 31 next year. The Sacco Societies Regulatory Authority (SASRA) has opened the renewal window for 2027…
KUSCCO has spent the week training SACCO leaders on budgeting, liquidity management and cost control, while Supervisory Committee members have been sharpening their oversight skills. The combination is telling: financial performance is not just about raising more money. It is also about how SACCOs plan, control costs, manage liquidity and keep management accountable. READ MORE: …
Amref Sacco is set to host a virtual financial planning session for members. The session will offer practical tips on managing money and making informed financial decisions. Members can join the Zoom session on August 27 from 7:30pm to 9pm. Amref Sacco is set to hold a virtual financial planning session for members as it…
NewFortis Sacco has amended its bylaws to introduce delegates, champions and agencies for the first time in its 50-year history, following member consultations across Nyeri, Nairobi, Kiambu, Laikipia, Nyandarua, Nakuru and the diaspora. Board chairman John Githinji Nduru said the changes will strengthen member representation and boost the Sacco’s reach as it looks to expand…
Stima Sacco Society Limited and Stanbic Bank Kenya have won the Refinancing Efficiency Champion category at the Kenya Affordable Housing Awards 2026, recognised for their effective use of refinancing solutions to strengthen liquidity and expand access to affordable, long-term home financing. Stima Sacco took the Sacco division of the award, a milestone that reflects the…
