Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Pamoja Canada Diaspora Sacco launched Sharia compliant Emergency, Education and Asset Finance loans for Kenyans in Canada. The products aim to give Muslim members faith compliant access to savings, investment and financing while promoting financial inclusion. Kenya’s Acting High Commissioner to Canada welcomed the initiative, saying it will strengthen savings, wealth creation and diaspora investment….
George Ombado has been re-elected ACCOSCA Executive Director for a second three year term. CAK said the re election reflects confidence in his leadership of Africa’s cooperative sector. Ombado will continue leading efforts to expand financial inclusion through Saccos across Africa. George Ombado has been re-elected Executive Director of the African Confederation of Cooperative Savings…
Meru clergy launched Maendeleo Ya Jamii Sacco to support small traders, farmers and low income earners with affordable loans and savings. Members pay Ksh500 to register, buy shares from Ksh1,000 and can access loans from Ksh2,000. Leaders urged residents to save, invest and join the Sacco to grow their businesses. Residents of Ruiri-Rwarera ward in…
SASRA has opened applications for external auditors to audit regulated Saccos in 2027. Applications close on November 30, 2026, with the approved list due on January 15, 2027. Members should ensure their Sacco uses a SASRA listed auditor. The Sacco Societies Regulatory Authority (SASRA) has invited qualified external auditors and audit firms to apply for…
More than 60 Saccos have tasked cooperative lobbies with pushing for tax reforms after engaging KRA on sector specific tax challenges. The sector wants tax laws aligned with the member based and not for profit Sacco model, saying current rules do not reflect how cooperatives operate. The proposals now move to lobbying groups, including KUSCCO,…
Waumini Sacco Society Ltd is recruiting for a human resource officer, offering a three-year renewable contract to manage staff welfare, recruitment and compliance across the Sacco. The successful candidate will report directly to the chief executive officer. Waumini Sacco is headquartered at Applewood Adams Building along Ngong Road, Nairobi. Key duties include managing daily HR…
Ports Sacco opens Malaba branch to expand financial services and promote a savings culture in Busia County. Branch attracts 800 members shortly after launch, with leaders targeting 5,000 as cooperative savings gain traction. Sacco surpasses Ksh12bn in assets and offers loans, competitive dividends and insurance to support members’ financial growth Teso North Member of Parliament…
Kimisitu DT Sacco has partnered with the Kenya Mortgage Refinance Company (KMRC) to launch an affordable mortgage product for members. It offers long term mortgage financing designed to help members move from renting to owning homes, through flexible and affordable terms. Under the arrangement, eligible members can access mortgage loans of up to Ksh 10.5…
Simon Tanui and Dr Brenda Obondo received global credit union honours in Sydney. Tanui earned the I-CUDE designation, while Obondo won the WYCUP Scholarship. The awards highlight Africa’s growing role in the global cooperative movement. Two Kenyan cooperators have received international recognition for their contribution to the credit union movement. They were honoured during the…
Mwalimu National DT Sacco has launched its first sustainability report outlining its ESG progress and governance initiatives. The Sacco reduced its non performing loan ratio to 2.4 per cent, resolved 2,384 member complaints and planted 17,000 trees and mangrove seedlings. The report highlights the Sacco’s commitment to sustainability, transparency and long term growth. Mwalimu National…
