Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework has called for immediate reforms at the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) to restore public confidence following a massive fraud scandal. The scandal, which saw over Ksh13.3 billion misappropriated from member SACCOs, involved illegal withdrawals, unauthorized transfers, and unsupported executive…
Kenyan women entrepreneurs are grappling with mounting economic pressure linked to the ongoing Israel–Iran conflict, with industry players warning that escalating production costs could soon be passed on to consumers. Businesses that depend on imports of raw materials and finished goods from the Middle East and other affected regions are bearing the brunt, as shipping,…
The Savings and Credit Co-operative Societies (SACCOs) in Kenya might finally have a deposit protection fund(DPF) similar to that enjoyed by banks, 5 years after Kenya’s Cabinet approved amendments to the Savings and Credit Co-operative Societies (SACCO) Act, to make this happen. The fund proposed by the sector experts seeks to establish a deposit insurance…
Kisumu Senator Prof. Tom Ojienda SC has raised concerns over the growing prevalence of mobile money fraud, digital impersonation schemes and other tech enabled financial scams affecting Kenyans across the country owing to the rapid rise in adoption of mobile money and electronic banking. Rising pursuant to Standing Order 53(1), Senator Ojienda requested a Statement…
The Government is stepping up efforts to make agriculture more attractive and profitable for young people as part of a broader plan to address the aging farmer population and boost productivity. Speaking during the launch of Cohort Five of the Competency Based Education and Training (CBET) Programme in Horticulture Production at the Kenya School of…
Kenya’s agricultural exports to China will begin entering the market duty-free starting May 1, 2026, opening major opportunities for Kenyan farmers and agribusinesses. This was revealed by the Agriculture and Livestock Development Cabinet Secretary (CS) Mutahi Kagwe, after a meeting with Chinese Ambassador to Kenya Guo Haiyan. He said the move will mark the implementation…
Mwalimu National Deposit Taking Savings and Credit Co-operative Organization (DT SACCO), Kenya’s largest SACCO by assets, has reported strong financial growth for the year ended 31 December 2025, with surplus rising significantly as the cooperative expanded its asset base, loan portfolio, and member deposits. The SACCO posted a 76.3% increase in surplus to Ksh 1.27…
President William Ruto has signed the Coffee Bill (Senate Bill No. 10 of 2023) into law, marking a significant milestone in efforts to revitalize Kenya’s coffee industry. The Bill was co-sponsored in the Senate by James Kamau Murango and in the National Assembly by Kimani Ichung’wah. The legislation aims to restructure the coffee sector by…
The Kenya Revenue Authority (KRA) has appointed Mohamed Abdul M’maka as the new Commissioner for the Investigations and Enforcement Department. The appointment was approved by the KRA Board following a competitive recruitment process aimed at strengthening the Authority’s capacity to combat tax evasion, financial crimes, and illicit trade. M’maka brings over 21 years of experience…
The Savings and Credit Co-operative Organisation (SACCO) is gunning towards a trillion disbursements as at December 2025. According to Sacco Societies Regulatory Authority (SASRA), the sector received Ksh125.7 billion in the year 2024.At the same time, the amount Kenyan Sacco sector disbursed across the country exceeded Ksh900 billion by December 2025. In addition, the data…
