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

Kindiki condemns violence, appeals for peace as fuel protests rock the country

Sacco ReviewMay 18, 2026May 18, 202605 mins

Deputy President Kithure Kindiki has condemned violent protests witnessed across parts of the country over rising fuel prices and called for calm as the government seek intervention measures. The countrywide demonstrations witnessed in several parts of the country disrupted the transport sector and paralysed movement in several towns. Prof Kindiki appealed for calm, urging Kenyans…

CS Mbadi promises new measures to cushion Kenyans from soaring fuel prices

Sacco ReviewMay 18, 202606 mins

National Treasury Cabinet Secretary John Mbadi has assured Kenyans that the government is weighing fresh interventions to ease the burden of soaring fuel prices, which continue to pile pressure on households and businesses across the country. Speaking in Kisumu during a public engagement, Mbadi revealed that the Treasury is exploring additional measures, including further tax…

Oparanya: Flaws in MSME and SACCO laws hurting sector growth

Sacco ReviewMay 17, 202604 mins

The government has admitted that weaknesses in existing laws governing Micro, Small and Medium Enterprises (MSMEs) and Savings and Credit Co-operative Societies (SACCOs) are slowing the growth and effectiveness of the sector. Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya told lawmakers that gaps in the current legal framework have undermined efforts to strengthen…

Attorney General orders Saccos to file annual returns within 60 days or face deregistration

Sacco ReviewMay 15, 2026May 15, 202604 mins

The Office of the Attorney General has issued a stern directive requiring all registered societies, including hundreds of Savings and Credit Cooperative Societies (Saccos), to file their annual returns within the next 60 days or risk enforcement action. In a public notice, the Registrar of Societies reminded organisations that filing annual returns is a legal…

Finance Bill 2026 to shake up Sacco digital costs and tax deadlines

Sacco ReviewMay 15, 202604 mins

Kenya’s proposed Finance Bill 2026 signals a sweeping shift in the tax obligations of Savings and Credit Cooperative Societies (Saccos), touching everything from the digital infrastructure that powers mobile banking to the compliance timelines that govern financial reporting, with most provisions set to take effect on July 1, 2027. The bill, tabled in the National…

Government intensifies SACCO reforms as Oparanya defends recovery efforts at KUSCCO and Metropolitan SACCO

Sacco ReviewMay 15, 202606 mins

Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya has assured the Senate that the Government is accelerating reforms in the Savings and Credit Cooperative (SACCO) sector in a bid to strengthen governance, safeguard members’ savings, and restore public confidence in cooperative financial institutions. Appearing before the Senate Standing Committee on Trade, Industrialisation, and Tourism,…

Sacco leaders push Parliament for sector reforms in new cooperative bill

Sacco ReviewMay 14, 202608 mins

Leaders in Kenya’s cooperative movement have intensified pressure on Parliament to amend the proposed Sacco Societies (Amendment) Bill, warning that several clauses risk diluting the identity and operational independence of Savings and Credit Cooperative Organisations (SACCOs). The Co-operative Alliance of Kenya (CAK), the umbrella body representing the country’s cooperative sector, tabled a detailed memorandum before…

Understanding how Sacco dividends and rebates are calculated

Sacco ReviewMay 13, 2026May 14, 202604 mins

When a Savings and Credit Co-operative Organization (SACCO) declares an annual surplus, members typically receive returns in two main forms: dividends on share capital and rebates on deposits. Dividends on Share Capital Dividends are payments made to members based on the number of shares they hold in the SACCO. These payments are made from the…

EPRA opens Kenya’s electricity market to private players, ending Kenya Power’s decades-long monopoly

Sacco ReviewMay 13, 2026May 14, 202607 mins

Kenya’s electricity sector is set for a historic shake-up after the Energy and Petroleum Regulatory Authority (EPRA) developed regulations that will crack open the power distribution market to private investors, dismantling Kenya Power and Lighting Company’s (KPLC) grip on electricity supply that has held for decades. The draft Energy (Electricity Market, Bulk Supply and Open…

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 2026May 14, 202606 mins

Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…