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Oparanya warns dormant, non-compliant SACCOs to face deregistration in sector cleanup

Sacco ReviewFebruary 18, 202606 mins

The Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya has warned that dormant and non-compliant SACCOs face deregistration and liquidation in accordance with the law. Speaking during the opening of the 11th Annual SACCO Leaders Convention organized by Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limitedd at the PrideInn Hotel…

CAK announces leadership forum for cooperative sector in April 2026

Sacco ReviewFebruary 17, 202602 mins

The Cooperative Alliance of Kenya Limited (CAK) has announced a high level leadership forum aimed at strengthening strategic dialogue, peer learning, and leadership reflection within Kenya’s cooperative movement. The five day forum, scheduled to take place from April 6 to April 10, 2026, at Lake Naivasha Resort, will bring together cooperative leaders and industry experts…

DPP rallies agencies to intensify fight against money laundering

Sacco ReviewFebruary 17, 202604 mins

Director of Public Prosecutions (DPP) Renson Ingonga has reaffirmed Kenya’s resolve to curb money laundering and safeguard the integrity of the financial system, as the country works to exit the Financial Action Task Force (FATF) Grey List. Ingonga joined senior government officials and heads of key agencies on Monday in a high-level meeting that reviewed…

Imarisha Sacco to open branches at Fort Ternan,Migori,Maralal to widen national presence

Sacco ReviewFebruary 15, 2026February 15, 202602 mins

The Imarisha Savings and Credit Cooperative Organization (SACCO) has announced plans to expand with the official opening of the Fort Ternan branch as a full-service FOSA outlet, along with marketing outlets in Migori and the planned Maralal branch to widen national presence. This was revealed during the Society’s 37th Annual Delegates Meeting at Kebo Plaza…

DCI arrests former accountant over Ksh16 million SACCO fraud scheme

Sacco ReviewFebruary 15, 2026February 15, 202603 mins

Detectives from the Directorate of Criminal Investigations (DCI) have arrested a former accountant accused of masterminding a multimillion-shilling fraud scheme that cost a Savings and Credit Cooperative Organization (SACCO) more than Khs16 million. In a social media statement issued earlier today, the DCI confirmed that officers from its Banking Fraud Investigation Unit (BFIU) apprehended Amos…

SACCOs to have special trading counter at the Nairobi Securities Exchange

Sacco ReviewFebruary 14, 2026February 15, 2026012 mins

The Savings and Credit Cooperative Societies (SACCOs) will soon have a special trading counter at the Nairobi Securities Exchange (NSE), as the financial regulators continue to burn the midnight oil to ensure that the Societies are on boarded at the bourse. This was revealed by Dedan Maina, an investment consultant at Ketu Capital, who said…

CS Oparanya with Committee of Experts during presentation of Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto.

Ruto receives Committee of Experts’ report on transformation of SACCO system

Sacco ReviewFebruary 14, 202604 mins

The Cabinet Secretary for the Ministry of Co-operatives and MSMEs Development, Wycliffe Oparanya, has presented the Committee of Experts’ Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto. The landmark report marks a significant milestone in the government’s efforts to strengthen the cooperative sector as a pillar of inclusive…

Police asked to probe Ruiru stalls arson attack as traders rebuild structures

Sacco ReviewFebruary 13, 202606 mins

Police have been asked to investigate and prosecute those behind the arson attack on business stalls in Ruiru, Kiambu County as traders began rebuilding their destroyed structures. Local leaders also pledged to initiate legal measures seeking compensation for those who lost their property during last Friday’s fire that gutted more than 100 stalls at Junction…

K-Unity SACCO announces multiple job vacancies on contract basis

Sacco ReviewFebruary 13, 202603 mins

K-Unity Savings and Credit Cooperative Organization (SACCO) has announced several job openings as part of its ongoing efforts to strengthen service delivery and operational efficiency. The SACCO is seeking qualified and experienced professionals to fill the following positions, Branch Manager, Credit Portfolio Officers, Records Management Officer, Call Centre Officers, Recovery Officers, and Legal Clerk. All…

Kenya National Police DT SACCO records growth as assets hit Ksh66 Billion in 2025

Sacco ReviewFebruary 13, 202602 mins

The Kenya Police Savings and Credit Cooperative Organization Deposit Taking ( DT SACCO) has recorded remarkable growth across key indicators in the year ended December 31, 2025, according to financial statements released on Friday. The SACCO’s assets grew from Ksh59.8 billion in 2024 to Ksh66.4 billion in 2025, while member deposits increased from Ksh31.1 billion…