Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
Ksh2.5 million was disbursed to bodaboda SACCOs in Kaiti, benefiting 1,200 riders. Leaders urged the groups to invest the funds in profitable projects. Mukuyuni Self Help Group received Ksh449,000 and plans to start a petrol station. Leaders have called on bodaboda Saccos in Kaiti constituency, Makueni County, to invest the Ksh2.5 million disbursed under a…
Naivasha cooperatives urged to comply with sector laws to improve member services. Members encouraged to engage actively during education sessions and annual general meetings. Wabomba calls for transparency, accountability and regular audits to build member trust. Naivasha Sub-County Cooperative Officer Hanifa Wabomba has urged co-operative societies in Naivasha and Gilgil sub-counties to strictly follow the…
NSSF Sacco is targeting Tier I status by the end of 2026 as it expands membership nationwide beyond its traditional National Social Security Fund employee base. The deposit-taking Sacco has nearly Ksh 5 billion in assets, a Ksh 4 billion loan book, Ksh 3.9 billion in member savings and plans to grow assets above Ksh…
Malindi Handcraft Cooperative Society’s turnover nearly doubled to Ksh 44.99 million in 2025 from Ksh 24.52 million in 2024. The society, founded in 1986 by 30 members, reported higher assets and share capital, and plans to recruit more members to strengthen its capital base. Chairman Cosmas Kyalo cited poor marketing during low tourist seasons and…
