Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The National Social Security Fund (NSSF) has released clear guidelines for beneficiaries seeking to retrieve savings belonging to deceased family members, following public inquiries on how to access such funds. According to the Fund, claimants are required to visit the nearest NSSF office with the original death certificate of the deceased, a copy of the…
Milk processor Brookside Dairy has released KSh255 million in bonuses to its contracted farmers during the six months ending May 2026. The payouts were issued to suppliers who met quality standards and surpassed milk delivery targets under the company’s long-running incentive programme. The bonus, which is paid in addition to regular milk payments, is intended…
The Sacco Societies Regulatory Authority (SASRA) has unveiled first-ever Cooperative Financial and SACCO Law Case Digest to guide Sacco governance and dispute resolution. The digest was launched by the Principal Secretary for the State Department for Cooperatives, Patrick Kilemi, during the 2026 Regulatory Policy and Legal Roundtable for Deposit-Taking SACCO Societies. The publication was developed…
The National Assembly’s Departmental Committee on Agriculture and Livestock has resumed fresh consideration of the Tea (Amendment) Bill, 2023, after Speaker Moses Wetang’ula directed a new review of the legislation following a conflict of interest complaint against a member of parliament. Wetang’ula’s ruling followed a complaint by Nyeri tea farmer Dr John Omanga, who questioned…
Credence Africa Executive Director Muthoni Njoroge, has called for a review of the Sacco Societies (Amendment) Bill, 2025, to ensure that SACCOs fully benefit from the proposed Deposit Guarantee Fund (DGF), rather than receiving compensation through a fixed percentage. Speaking at the Cooperative Expo 2026 at Uhuru Park, Nairobi; Muthoni highlighted that the DGF, which…
Kenya’s cooperative regulator has issued its starkest warning yet to non-withdrawable deposit-taking savings societies, telling their leadership that structural reform and professional governance are no longer optional as the sector steers towards a new legislative framework. The Sacco Societies Regulatory Authority (SASRA) convened its inaugural Regulatory Round Table for Non-Withdrawable Deposit-Taking (NWDT) SACCOs on April…
Insider loans are emerging as a growing threat to the stability of co-operatives, with recent disclosures showing how senior officials in some savings societies have borrowed heavily against member funds and later defaulted, exposing governance gaps and weak credit risk controls. The concern is now gaining urgency across the sector as new audit findings and…
The State Department for East African Community (EAC) Affairs has urged the National Assembly to fast-track amendments to Kenya’s tax laws to align them with regional frameworks, warning that failure to do so could trigger retaliatory trade measures from neighbouring countries. Appearing before the National Assembly’s Departmental Committee on Finance and National Planning, Principal Secretary…
Detectives from Directorate of Criminal Investigations (DCI) have arrested three individuals suspected of orchestrating a sophisticated fraud scheme that siphoned over Ksh22.4 million from a local savings and credit cooperative society (SACCO). Investigations revealed a complex network in which the suspects exploited the SACCO’s computerized financial systems to illegally transfer funds for personal gain. At…
The Central Bank of Kenya (CBK) has opened bidding for two reopened fixed-coupon Treasury bonds with a combined value of Ksh60 billion, offering Kenyans, including Sacco members and individual investors, an opportunity to earn stable long-term returns with a minimum investment of Ksh 50,000. The bonds, issued under prospectus numbers FXD1/2018/020 and FXD1/2021/025, carry coupon…
