Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
SASRA data shows that nearly 92% of SACCO members hold balances of KSh100,000 or less, with 89% below KSh50,000, highlighting the small‑scale nature of savings among millions of Kenyans. Proposed amendments to the Sacco Societies Act aim to operationalize a KSh100,000 compensation ceiling, modernize SACCOs through shared technology services, and establish a central liquidity framework…
Farmers say high land valuation rates, with stamp duty charged at 4% of Sh1 million per acre, are locking many out of acquiring title deeds. Farmers in Matungulu Sub‑county say high land valuation rates, which push up stamp duty fees, have left many unable to secure title deeds for their parcels. The concern was raised…
The initiative aims to deepen financial inclusion by exposing residents to investment opportunities that have traditionally recorded low uptake in northern Kenya Youths have been urged to seize the opportunity noting that formal employment opportunities were becoming increasingly scarce The Capital Markets Authority (CMA) has rolled out a major financial literacy campaign in Wajir County,…
National Treasury Cabinet Secretary John Mbadi has announced new tax filing reforms targeting individual taxpayers and nil return filers in a bid to ease pressure on the Kenya Revenue Authority (KRA) online portal during the annual tax compliance period. The changes follow the congestion experienced on the KRA system ahead of the June 30, 2026…
Biashara DT Sacco Ltd has announced the death of Patrick Wanjohi Maina, who served as the Chairman of its Supervisory Committee. In a obituary notice in one of the dailies, the Sacco conveyed its heartfelt condolences to his family, friends, colleagues, and all those whose lives he touched. “It is with deep sorrow that we…
MPs have questioned a proposal in the Sacco Societies (Amendment) Bill, 2025 to cap deposit insurance compensation at KSh100,000, warning that the limit could leave members with larger savings exposed if a SACCO collapses. Lawmakers urged SASRA to adopt a more flexible and depositor-friendly framework that strengthens oversight, protects members’ savings, supports innovation, and avoids…
Members of the National Assembly Departmental Committee on Trade, Industry and Cooperatives have called for the inclusion of stronger safeguards in the proposed Savings and Credit Cooperative Societies (SACCOs) legislation, saying the law should better protect members’ savings while promoting accountability and efficiency without imposing excessive bureaucratic requirements. The committee, chaired by Bernard Shinali, met…
Boda boda operators in Kisii County have been urged to join Savings and Credit Cooperative Societies (Saccos) to improve their access to affordable credit, diversify their sources of income, and strengthen their financial stability. Speaking during a meeting with more than 500 boda boda riders at Kisii Stadium, Kisii Governor Simba Arati encouraged the operators…
100-metre rule impractical: Andrew Matoka emphasized that restricting tobacco and nicotine sales within 100 metres of schools and child-centered facilities is unrealistic in densely populated urban settings. High licensing costs burden: Erick Ogutu noted that bar owners already face expensive licensing and complex compliance requirements, warning that the new bill risks adding further burdens without…
The government is intensifying efforts to unlock financing for micro, small and medium enterprises (MSMEs) by widening access to affordable credit and introducing tailored financial products for different categories of entrepreneurs. Speaking at the Kenya Development Corporation (KDC) Customer Networking Forum in Nairobi, Principal Secretary for MSME Development Susan Mang’eni emphasized that bridging the financing…
