Co-op News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

President Ruto launching the Affordable housing in Mukuru

Government scraps affordable housing deposit for low-income Kenyans to boost homeownership

Sacco ReviewDecember 20, 2025December 20, 202504 mins

Low-income Kenyans earning Sh20,000 or less will now access houses under the Affordable Housing Programme without paying an upfront deposit, following a government waiver designed to ease barriers to homeownership. Housing Principal Secretary Charles Hinga said the policy targets households that can afford monthly repayments but struggle to raise lump-sum deposits. He explained that while…

CEOs and CFOs to sign SACCOs audited accounts as SASRA tightens accountability

Sacco ReviewDecember 20, 2025December 20, 202506 mins

Chief Executive Officers (CEOs) and Chief Finance Officer or Finance Manager (CFO or FM) of Savings and Credit Cooperative Organisations (SACCOs) must now sign audited financial statements alongside authorized board signatories, a move aimed at cementing personal and collective responsibility for financial reporting in the cooperative sector. The Sacco Societies Regulatory Authority (SASRA) announced the…

Meru residents celebrate appointment of county water CECM Baptista Kanyaru to Family Bank Board

Sacco ReviewDecember 20, 202504 mins

Meru residents and leaders have welcomed the appointment of County Executive Committee Member (CECM) for Water, Baptista Muriki Kanyaru, to the board of Family Bank of Kenya. The bank announced that Kanyaru’s entry into its board is expected to strengthen governance, strategy, and regulatory compliance as the institution expands its footprint in the country’s banking…

Farmers shift to family and digital lenders as bank, SACCO credit drops despite CBK easing

Sacco ReviewDecember 19, 202504 mins

Kenyan farmers are increasingly ditching banks and SACCOs in favour of borrowing from family, friends and digital lending platforms, even as conventional borrowing costs fall. The latest Agriculture Sector Survey by the Central Bank of Kenya (CBK) shows a clear pivot toward informal and tech‑enabled credit, underscoring changing preferences and risk dynamics in agricultural financing….

State reaffirms commitment to strengthening teachers’ SACCOs

Sacco ReviewDecember 18, 2025December 18, 202506 mins

The government has reaffirmed its commitment to strengthening teachers’ SACCOs as part of wider efforts to build a stable, transparent and well-regulated cooperative sector that safeguards members’ savings and supports inclusive economic growth. Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, gave the assurance during a high-level meeting with…

Migori Calls on MSMEs to apply for KJET value addition funding before year-end deadline

Sacco ReviewDecember 18, 202504 mins

The Migori County Department of Agriculture, Livestock and Fisheries Development has issued an urgent call for applications from Micro, Small and Medium Enterprise (MSME) clusters seeking co-investment support under the Kenya Jobs and Economic Transformation (KJET) Project. With less than 2 weeks left before the December 31 deadline, the department is urging cooperatives, associations, self-help…

IRA holds insurance sensitization drive in Trans Nzoia County under Bima Mashinani Programme

Sacco ReviewDecember 18, 202504 mins

The Insurance Regulatory Authority (IRA) has intensified its nationwide sensitization campaign, taking its Bima Mashinani programme to Trans Nzoia County in an effort to strengthen public understanding of insurance and address persistent challenges in the sector. The outreach, which brought together key stakeholders at the Kitale National Polytechnic, was led by IRA board director Immaculate…

Police DT SACCO CEO Solomon Atsiaya honoured with Presidential MBS Award

Sacco ReviewDecember 18, 2025December 18, 202502 mins

Kenya National Police DT SACCO Chief Executive Officer, Solomon Angutsa Atsiaya, has been conferred the prestigious Moran of the Order of the Burning Spear (MBS) by President William Ruto for his outstanding leadership and service to the cooperative movement. The national honour recognizes Atsiaya’s transformative role in strengthening SACCO governance, expanding financial inclusion, and advancing…

Government sets fresh momentum for coffee reforms as national steering committee concludes Machakos retreat

Sacco ReviewDecember 18, 202505 mins

The government has renewed its push to revive Kenya’s coffee sector following a high‑level National Steering Committee Retreat held at the SEO Hotel in Machakos. The meeting brought together members of the Coffee Revival Steering Committee and key industry stakeholders for intensive, solution‑driven discussions. The retreat was opened by Patrick Kilemi, Principal Secretary in the…

Kenyan Sacco mergers: a high-stakes gamble or strategic imperative?

Sacco ReviewDecember 17, 2025011 mins

In September 2025, the Kenyan government dropped a regulatory bombshell on the cooperative sector: small Savings and Credit Cooperatives (Saccos) with assets under Sh100 million must merge with larger entities or face dissolution. This directive, ostensibly aimed at bolstering financial stability and operational resilience in a sector plagued by inefficiencies and vulnerabilities, has ignited a…