Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Wakenya Pamoja Sacco assets surpass Ksh2 billion Membership grows to more than 148,000 Sacco plans expansion beyond Kisii Nyanza Wakenya Pamoja Sacco Society (WPS) Limited has reported an asset base exceeding Ksh2 billion, with deposits of over Ksh952 million and share capital surpassing Ksh624.7 million, as the deposit- taking Sacco continues its expansion across the…
Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…
MSEA and partners are training women and youth traders on AfCFTA opportunities during a two day programme running on July 20 and 21. The training focuses on market access, digital trade, finance and the AfCFTA Protocol on Women and Youth in Trade to help traders expand across Africa. An exhibition is showcasing products by Kenyan…
SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…
Government plans to transform KUSCCO into a federation under the proposed Cooperative Societies Bill. Oparanya says the reforms will strengthen governance, accountability and confidence in the Sacco sector. KUSCCO’s restructuring follows the Ksh13.3 billion scandal and ongoing asset recovery efforts. The government is preparing far reaching reforms in the cooperative sector that will see the…
Regional financial literacy seminars empower top savers SACCO expands Corporate Social Initiative projects nationwide Members trained on savings, investments and cooperative growth The Kenya National Police DT SACCO embarked on regional top savers training seminars aimed at empowering its members on matters of financial literacy and economic empowerment and equipping them with valuable knowledge to…
Finance Act 2026 introduces stricter tax compliance, faster reporting deadlines, and expanded KRA enforcement powers affecting Saccos. Saccos warn the changes could strain liquidity, increase compliance costs, and disrupt lending and member access to savings. KUSCCO is pushing for tax law amendments to protect co operative members and harmonise taxation with the Co operative Societies…
Hazina Sacco has assured members their deposits remain safe and are protected under the Sacco Societies Act and SASRA regulations. The Sacco dismissed rumours that members’ savings would be used to finance the National Infrastructure Fund, urging members to remain calm. The National Treasury and State Department for Cooperatives have also denied the claims, saying…
Kilifi County awarded Ksh6 million in matching grants to 12 Saccos under its Shilling kwa Shilling Initiative. Governor Gideon Mung’aro also set aside Ksh15 million this financial year to expand the programme and boost affordable farmer loans. He urged speedy enactment of the Cooperative and Sacco laws to strengthen regulation and support the sector. Governor…
Parliament says the proposed Sacco Bill does not give President William Ruto control over members’ savings. It also dismissed claims the Bill would create a “Super Sacco”. The Bill seeks to strengthen smaller Saccos and improve regulation. The National Assembly has dismissed reports claiming that the proposed Sacco Societies (Amendment) Bill, 2025, would give President…
