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

Saccos growth threatened by low savings due to rising inflation

Sacco ReviewJuly 25, 2022July 25, 202207 mins

By Azael Masese Kenya’s saving rate might decline due to skyrocketing inflation, raising fears on the country’s ability to raise the necessary capital for investment. The cooperative sector and Savings and Credit Cooperative Societies (Saccos) in particular stand to be the biggest losers. As Kenya marked the 100th Ushirika Day on 2nd July 2022, it was praised…

Trouble for Saccos as non-core members seek leadership roles

Sacco ReviewJuly 20, 2022July 20, 202207 mins

By Azael Masese The move by some Saccos to bar non-core members from elective positions has come under sharp criticism even as the Government seeks to enhance good governance in the entities. Most Saccos rebranded and opened the common bond to allow members from outside their traditional catchment areas to join the Saccos but didn’t…

SASRA engages Sacco leaders in formulation of regulations

Sacco ReviewJuly 4, 2022July 4, 202206 mins

By Azael Masese Savings and Credit Cooperative Societies (Saccos) across the country are set to witness drastic changes in their management following plans by Sacco Society Regulatory Authority (SASRA) to engage top industry players in formulation of regulations that affect Sacco operations. This is a shift from the past where societies were expected to enforce…