National News – Page 2 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

WOCCU guidelines on use of AI in Saccos

Sacco ReviewApril 9, 202608 mins

Savings and credit co-operatives (Saccos) have received a roadmap for adopting artificial intelligence (AI) tools as the sector explores how emerging technologies could improve efficiency, risk management and member services. The guidance, developed for credit unions globally by the World Council of Credit Unions (WOCCU), outlines in a white paper how financial cooperatives can integrate AI…

KRA appoints Lilian Nyawanda acting commissioner general as Wattanga exits

Sacco ReviewApril 8, 2026April 8, 202604 mins

The Kenya Revenue Authority (KRA) has appointed Dr. Lilian Nyawanda as Acting Commissioner General following the exit of Humphrey Wattanga. The Authority confirmed on Wednesday that Wattanga’s contract would not be renewed, and he has proceeded on terminal leave with immediate effect. “The Kenya Revenue Authority (KRA) Board informs the public that it will not…

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

Proposed reforms to make whistle blower policy mandatory in SACCOs

Sacco ReviewApril 8, 2026April 8, 202608 mins

Savings and Credit Co-operative Societies (SACCOs) could soon be required to adopt mandatory whistle-blower policies as part of sweeping reforms aimed at improving transparency, governance and accountability in the sector. The proposal is contained in a report by a Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework. The committee recommends that SACCOs establish…

Imarika DT Sacco headquarters in Kilifi County on

Imarika Sacco assets hit Ksh16.1 billion as performance surpasses targets

Sacco ReviewApril 8, 202605 mins

Imarika Sacco, one of Kenya’s fastest-growing cooperatives, has once again recorded strong financial performance, posting total assets of Ksh16.1 billion in the year ended 31st December 2025. The Sacco also reported increased member deposits, which rose to Ksh10.5 billion against a target of Ksh10.6 billion falling short by Ksh100 million. In contrast, loans and advances…

Report: Mobile money loans surge in Kenya amidst growing financial inclusion

Sacco ReviewApril 7, 202606 mins

A new report by the Global System for Mobile Communications Association (GSMA) has highlighted a significant shift in Kenya and Sub-Saharan Africa, where mobile money has become the preferred source of borrowing for many adults. GSMA’s State of Industry report indicates that the region is driving a major expansion of mobile money accounts, which now…

Kenya tea earns Ksh218.78B in 2025 exports as market, volumes grow amid global disruptions

Sacco ReviewApril 5, 2026April 5, 202604 mins

Kenya’s tea industry has recorded a strong recovery, posting Ksh 218.79Billion in total marketed value in 2025, driven by reforms, market expansion, and a renewed focus on higher farmer earnings and global competitiveness. Speaking at Rukuriri Tea Factory in Embu County during the release of the 2025 Tea Industry Performance Report, the Agriculture Cabinet Secretary…

KRA launches innovative WhatsApp filing solution to simplify tax compliance

Sacco ReviewApril 5, 202604 mins

The Kenya Revenue Authority (KRA) has officially launched a new WhatsApp filing solution, marking a significant milestone in the Authority’s journey toward digital transformation and customer-focused tax reforms. Speaking during a press briefing, KRA Commissioner General Humphrey Wattanga emphasized the Authority’s commitment to providing simplified, efficient, and inclusive tax solutions that drive domestic revenue growth….

Tourism stakeholders ask Govt to harmonize multiple licenses hurting businesses

Sacco ReviewApril 3, 202603 mins

The Domestic Tourism Association (DTA) has called on both the National and County Governments to consider consolidating and harmonizing all licenses and regulatory requirements within the hospitality and tourism sector. Kisii Branch Coordinator Moses Okemwa said that currently the industry players are burdened by multiple licensing processes across different government agencies at both levels; often…

Government launches crackdown on Sacco boards over misuse of members’ savings

Sacco ReviewApril 2, 202604 mins

The government has announced a sweeping crackdown on Sacco boards accused of misusing members’ deposits through lavish foreign trips, manipulation of financial statements, and unsustainable borrowing practices. Cooperatives Principal Secretary Patrick Kilemi, speaking during the Harambee Sacco Annual Delegates Meeting (ADM) in Nairobi, revealed that legislative and policy reforms are already before the ministry and…

SASRA orders SACCOs to bolster cyber-security ahead of holiday attack risks

Sacco ReviewApril 2, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has directed all regulated SACCOs to institute round‑the‑clock surveillance and mandatory offline data back‑ups of their digital platforms, warning of heightened cyber‑attack risks during the upcoming Easter and Labour Day holidays. According to SASRA, analysis of past incidents shows cyber‑attacks peak during long weekends and public holidays, particularly in…