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

CS Oparanya bans use of loans to pay dividends to SACCO members

Sacco ReviewSeptember 28, 202504 mins

Cabinet Secretary for Co-operative and MSMEs, Wycliffe Oparanya has declared a suspension on new registrations and banned the use of loans to pay dividends to Sacco members. Speaking during the 34th Special General Meeting of Unaitas Sacco in Nairobi, CS Oparanya said the move is part of a stringent crackdown on poorly managed savings and…

Small-sized SACCOs to merge to enhance oversight, stability; CS Oparanya reveals

Sacco ReviewSeptember 28, 202504 mins

Small-sized Saccos with deposits of below Ksh 100 Million will be merged with the larger ones, this is in line with the Ministry of Co-operatives guidelines which aim to tighten supervision of thousands of co-operatives spread across the country with thin capital and deposit bases. Speaking during the Sacco Supervision Annual Report 2024, Co-operatives Cabinet…

Mwalimu National SACCO boss clinches SACCO CEO of the year award

Sacco ReviewSeptember 27, 2025September 28, 202503 mins

The Mwalimu National SACCO Chief Executive Officer, Kenneth Odhiambo Opiyo has won the SACCO CEO OF THE YEAR award. Opiyo was announced by the Strategic Nest Corporation, a premier research-driven communications and public relations firm as the best CEO in the SACCOs and Microfinance Category, being among those on the list of Strategic Business &…

Gov’t rolls out digital procurement and asset management sensitization to Counties

Sacco ReviewSeptember 26, 2025September 26, 202505 mins

The National Treasury has intensified its sensitization campaign on public asset management and electronic procurement systems, bringing on board the last batch of counties in a nationwide exercise that aims to streamline efficiency, enhance accountability, and eliminate corruption in public service. Speaking in Nyeri during a workshop for county procurement officers and accountants, the Principal…

Real Estate emerges biggest beneficiary from regulated SACCOs as education sector lags behind

Sacco ReviewSeptember 26, 202503 mins

The land and housing sector has once again topped the charts as the leading recipient of credit from regulated Savings and Credit Cooperative Organizations (SACCOs), according to the newly released SACCO Supervision Annual Report 2024 by the Sacco Societies Regulatory Authority (SASRA). The report, which was unveiled yesterday, reveals a steady upward trend in sectoral…

Leadership shake-up at Gucokaniriria Kihato Traders & Farmers Co. Ltd

Sacco ReviewSeptember 26, 202502 mins

Gucokaniriria Kihato Traders and Farmers Company Limited has undergone a major leadership shake-up after a Court-supervised Annual General Meeting (AGM) on 10th August 2023 elected new directors and struck out several long-serving officials. The Registrar of Companies has confirmed the registration of Jonah Mwangi Ichoya, Maina Nderitu Muthui, Susan Wanjiku Kamau, Peter Kiarie Kamau, Paul…

Kenya’s SACCOs rank top in Africa-Global, report confirms

Sacco ReviewSeptember 26, 202503 mins

Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have solidified their position as Africa’s leading cooperative finance system and a rising global contender, according to the SACCO Supervision Annual Report 2024 released yesterday by the SACCO Societies Regulatory Authority (SASRA). The report, which tracks performance across regulated SACCOs, shows continued growth in membership, loan disbursements, and…

Matatu SACCOs risk shut down as CS Oparanya orders for review

Sacco ReviewSeptember 25, 202505 mins

Cabinet Secretary (CS) for Co-operatives and MSMEs Development, Wycliffe Oparanya, has raised concerns over the misclassification of Transport Cooperatives as Savings and Credit Cooperative Societies (SACCOs), urging for a comprehensive review of their structure and regulatory oversight. Speaking during the official release of the Sacco Supervision Annual Report 2024, Oparanya noted that several entities operating…

CS Oparanya calls for strict oversight of audited SACCO accounts to boost accountability

Sacco ReviewSeptember 25, 202503 mins

The Co-operatives and MSMEs Development Cabinet Secretary, CS Wycliffe Oparanya have called for financial accountability, directing Sacco Societies Regulatory Authority (SASRA) and the Commissioner of Cooperatives to enforce strict oversight of audited SACCO accounts. Speaking during the SACCO Supervision Annual Report 2024 launch in Nairobi, CS Oparanya said such reforms is aimed at tightening financial…

Kenya’s SACCO sector surges past Ksh 1 trillion, CS Oparanya reveals

Sacco ReviewSeptember 25, 202507 mins

In a resounding affirmation of the cooperative movement’s vitality, Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have shattered the Ksh 1 trillion barrier in total assets, cementing their status as a cornerstone of the nation’s financial ecosystem. The landmark achievement was unveiled by Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs), Wycliffe…