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

UTS holds members’ education day in Machakos, highlights SASRA rules and proposed SACCO act amendments

Sacco ReviewJuly 3, 202605 mins

Universal Traders Sacco held its forum in Machakos, educating members on SASRA regulations, financial discipline, new products, and electing new delegates. CEO Dominic Mutunga highlighted Senate proposals including cheque book issuance, forex access, a Deposit Guarantee Fund, and shared services to strengthen Sacco operations and protect members’ savings. The Universal Traders Sacco (UTS) on Thursday…

Cooperative leaders calls for unity as the country heads towards the 2027 general election

Sacco ReviewJuly 2, 2026July 2, 202604 mins

Kenya’s cooperative leaders have urged citizens to embrace peaceful coexistence and good governance, as the country prepares for the 2027 General Election. Speaking ahead of the national Ushirika Day celebrations set for Saturday, July 4, 2026, at Uhuru Park, Nairobi, Daniel Marube Chief Executive Officer of the Cooperative Alliance of Kenya (CAK), said this year’s…

SASRA data shows majority of SACCO members hold less than KSh100,000 in deposits

Sacco ReviewJuly 2, 2026July 2, 202605 mins

SASRA data shows that nearly 92% of SACCO members hold balances of KSh100,000 or less, with 89% below KSh50,000, highlighting the small‑scale nature of savings among millions of Kenyans. Proposed amendments to the Sacco Societies Act aim to operationalize a KSh100,000 compensation ceiling, modernize SACCOs through shared technology services, and establish a central liquidity framework…

High Land Valuation and Stamp Duty costs deny Matungulu farmers title deeds

Sacco ReviewJuly 2, 202604 mins

Farmers say high land valuation rates, with stamp duty charged at 4% of Sh1 million per acre, are locking many out of acquiring title deeds. Farmers in Matungulu Sub‑county say high land valuation rates, which push up stamp duty fees, have left many unable to secure title deeds for their parcels. The concern was raised…

Wajir youth urged to invest beyond livestock and land as CMA expands outreach

Sacco ReviewJuly 2, 202605 mins

The initiative aims to deepen financial inclusion by exposing residents to investment opportunities that have traditionally recorded low uptake in northern Kenya Youths have been urged to seize the opportunity noting that formal employment opportunities were becoming increasingly scarce The Capital Markets Authority (CMA) has rolled out a major financial literacy campaign in Wajir County,…

Treasury CS unveils new tax filing deadlines for PAYE employees, nil return filers

Sacco ReviewJuly 2, 202604 mins

National Treasury Cabinet Secretary John Mbadi has announced new tax filing reforms targeting individual taxpayers and nil return filers in a bid to ease pressure on the Kenya Revenue Authority (KRA) online portal during the annual tax compliance period. The changes follow the congestion experienced on the KRA system ahead of the June 30, 2026…

Biashara DT Sacco mourns the passing of Supervisory Committee Chairman Patrick Wanjohi Maina

Sacco ReviewJuly 1, 202603 mins

Biashara DT Sacco Ltd has announced the death of Patrick Wanjohi Maina, who served as the Chairman of its Supervisory Committee. In a obituary notice in one of the dailies, the Sacco conveyed its heartfelt condolences to his family, friends, colleagues, and all those whose lives he touched. “It is with deep sorrow that we…

MPs question Ksh100,000 deposit insurance ceiling under proposed Sacco law

Sacco ReviewJuly 1, 2026July 1, 202605 mins

MPs have questioned a proposal in the Sacco Societies (Amendment) Bill, 2025 to cap deposit insurance compensation at KSh100,000, warning that the limit could leave members with larger savings exposed if a SACCO collapses. Lawmakers urged SASRA to adopt a more flexible and depositor-friendly framework that strengthens oversight, protects members’ savings, supports innovation, and avoids…

MPs call for stronger protection for SACCOs savings as Amendment Bill comes under scrutiny

Sacco ReviewJuly 1, 202604 mins

Members of the National Assembly Departmental Committee on Trade, Industry and Cooperatives have called for the inclusion of stronger safeguards in the proposed Savings and Credit Cooperative Societies (SACCOs) legislation, saying the law should better protect members’ savings while promoting accountability and efficiency without imposing excessive bureaucratic requirements. The committee, chaired by Bernard Shinali, met…

Kisii Governor urges Boda Boda riders to join Saccos, invest in Agribusiness

Sacco ReviewJuly 1, 202604 mins

Boda boda operators in Kisii County have been urged to join Savings and Credit Cooperative Societies (Saccos) to improve their access to affordable credit, diversify their sources of income, and strengthen their financial stability. Speaking during a meeting with more than 500 boda boda riders at Kisii Stadium, Kisii Governor Simba Arati encouraged the operators…