Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
For thousands of members of Metropolitan National Savings and Credit Co-operative Society (SACCO), the publication of Kenya Gazette Notice No. 8932 was more than a routine government announcement. It was a moment of relief, celebration, and renewed hope that their cries had finally reached the ears of regulators. Across Nairobi and its outskirts, members interviewed…
SACCO assets exceeded Ksh1.2 trillion following a 12.28 per cent year-on-year increase. Gross loans reached Ksh951 billion, underscoring growing member borrowing and SACCO confidence Land and housing attracted the highest SACCO lending, followed by education and agriculture. By Mercy Kokwon Regulated Savings and Credit Cooperative Societies (SACCOs) recorded strong growth in the first quarter of…
The government has raised alarm over the rising number of Savings and Credit Cooperative Societies (Saccos) being registered in the run‑up to the 2027 General Election, warning that many are being formed with the sole intention of defrauding unsuspecting Kenyans. Cabinet Secretary for Cooperatives and MSMEs Development Wycliffe Oparanya said the ministry will tighten regulations…
Newly elected chairperson of the International Co-operative Alliance Africa, McLoud Malonza, has called for stronger regional supply chains and reduced dependence on imports, saying Africa’s long-term prosperity depends on producing more of what it consumes. Malonza, who also chairs Co-operative Bank Holdings and the Co-operative Alliance of Kenya (CAK) was elected unopposed after securing all…
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…
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…
Leaders in the Savings and Credit Cooperative (Sacco) sector are seeking to establish a unified cooperative movement aimed at enhancing governance, strengthening advocacy, and influencing policy discussions on agriculture, housing, and consumer affairs to improve the country’s economic well-being. The proposed movement is expected to address persistent management and governance challenges that have contributed to…
The Board of Directors of the National Cereals and Produce Board (NCPB) has confirmed CPA Samuel Karogo Ndung’u as the organization’s substantive Chief Executive Officer (CEO). In a notice, the Board stated that Ndung’u’s appointment followed a competitive recruitment process that received concurrence from the parent ministry. Before his confirmation, he had been serving as…
The Cabinet Secretary for Cooperatives and MSME Development Wycliffe Oparanya on Wednesday presided over a training session for delegates of Shirikiana Sacco at Masinde Muliro University of Science and Technology (MMUST), as preparations intensify for the Sacco’s official launch later this week. The training programme, held ahead of the Sacco’s launch by President William Ruto…
