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KETSA launches Alternative Investment Fund to unlock new growth for teacher SACCOs

Sacco ReviewJune 28, 2026June 28, 202604 mins

The Kenya Teachers SACCO Association (KETSA) has officially launched the KETSA Alternative Investment Fund (AIF), marking a major milestone in the transformation of Kenya’s cooperative movement and opening a new investment avenue for teacher-based Savings and Credit Cooperative Societies (SACCOs). The launch, held during the Association’s annual conference, brings to fruition a fund that has…

Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales

Sacco ReviewJune 27, 202604 mins

Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…

Oparanya urges SASRA to strengthen institutional capacity, embrace technology

Sacco ReviewJune 25, 202604 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, has urged the Sacco Societies Regulatory Authority (SASRA) to strengthen its institutional capacity, embrace technology, and prepare for the proposed expansion of its regulatory mandate to enhance oversight of the cooperative financial sector. Oparanya made the remarks during a Board and…

Glimmer of Hope as Government Orders Probe into Metropolitan National SACCO

Sacco ReviewJune 20, 202607 mins

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 surpass Ksh1.2 trillion in first quarter of 2026

Sacco ReviewJune 18, 2026June 18, 202603 mins

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…

Government warns against fraudulent Saccos formed ahead of 2027 polls

Sacco ReviewJune 13, 202604 mins

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 ICA Africa Chair Malonza calls countries to reduce dependence on imports

Sacco ReviewJune 12, 2026June 12, 202605 mins

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…

SACCOs should access full deposits from Deposit Guarantee Fund, says Credence Africa

Sacco ReviewJune 11, 2026June 13, 202604 mins

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…

EAC Affairs PS Dr. Caroline Karugu (centre) before National Assembly’s Departmental Committee on Finance and National Planning. Photo Courtesy.jpg

EAC affairs PS urges parliament to amend tax laws to align with EAC partner states

Sacco ReviewJune 11, 202606 mins

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…

DCI arrest 3 suspects in connection with Ksh22.4 M SACCO fraud

Sacco ReviewJune 11, 202603 mins

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…