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Govt to establish new regulator for non-SACCO cooperatives to sort oversight gap

Sacco ReviewFebruary 27, 202603 mins

The government is planning to establish a new regulatory authority to safeguard billions of shillings in non-Sacco cooperatives, a move aimed at addressing critical oversight gaps that have left thousands of Kenyans, especially farmers, vulnerable to financial loss. This was revealed by the Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe…

SASRA Acting Chief Executive Officer, David Sandagi,

SASRA report: SACCO total assets hit Ksh 1.21 Trillion mark

Sacco ReviewFebruary 26, 202606 mins

Sacco Societies Regulatory Authority (SASRA) has released the Quarterly Statistical and Soundness Report for the period October to December 2025, providing a comprehensive overview of the performance, growth and financial stability of Regulated SACCOs in Kenya The report indicated that by December 2025, total assets of regulated SACCOs had grown to Ksh 1.21 trillion, up…

Treasury raises penalties to rein in predatory digital and microfinance lenders

Sacco ReviewFebruary 25, 202604 mins

The Treasury has unveiled tougher measures against digital and microfinance lenders accused of exploiting Kenyans with excessive interest rates and aggressive debt collection practices. While appearing before senators, Treasury Cabinet Secretary John Mbadi said that fines for violating the Banking Act have been increased from KSh500,000 to KSh2 million. He said the move is intended…

CIS-Kenya appoints Andrew Kioi Njeru as CEO

Sacco ReviewFebruary 25, 202603 mins

The Credit Information Sharing Association of Kenya (CIS-Kenya) has appointed Andrew Kioi Njeru as the new Chief Executive Officer (CEO). This was announced by the Association’s Governing Council, which stated that his appointment takes effect as from February 16, 2026. “The Governing Council of the Credit Information Sharing Association of Kenya (CIS-Kenya) is pleased to…

Sidian Bank to work with SACCOs to spur growth

Sacco ReviewFebruary 25, 202605 mins

The Sidian Bank has reaffirmed its commitment in working with Saving and Credit Cooperative Organisations (SACCOs) to leverage itself through partnerships and linkages in order to spur growth. The banks’ Chief executive officer Chege Thumbi said that SACCOs can serve as trusted financial partners throughout members’ life journeys. Speaking in Kisumu during the Kenya Teachers…

Cooperatives and MSMEs CS Wycliffe Oparanya before Members of the Committee on Trade, Industry and Cooperatives.

State Department for Cooperatives has Ksh7.816 Billion shortfall, Oparanya says

Sacco ReviewFebruary 25, 202604 mins

The Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Wycliffe Oparanya has revealed that the Ministry grappling funding gaps, calling on Members of the Committee on Trade, Industry and Cooperatives to support in addressing the shortfall. Oparanya who was speaking before the committee on Monday said the State Department for Cooperatives has…

IG SACCO gets new chairman as society eyes more growth amid retirees call for inclusion

Sacco ReviewFebruary 24, 202605 mins

The Invest and Grow Savings and Credit Cooperative Organization (IG SACCO), has welcomed Rodgers Waswa as its new chairman, taking over from Kennedy Keya who has completed his tenure. This was announced during the members education programme held at Friends church Shirugu. The outgoing Chairman in his speech read by the IG Sacco treasurer Wycliffe…

SASRA advertises CEO position

Sacco ReviewFebruary 24, 202603 mins

The Sacco Societies Regulatory Authority (SASRA) has announced a vacancy for the position of Chief Executive Officer (CEO), setting the stage for the recruitment of a substantive head to steer the regulation of Kenya’s SACCO sector. In a notice on Tuesday, February 24, inviting applications, the Authority said the successful candidate will be appointed on…

KRA on boards over 500 fuel stations onto eTIMS fuel module

Sacco ReviewFebruary 23, 202607 mins

The Kenya Revenue Authority (KRA) has on boarded over 500 fuel stations onto the Electronic Tax Invoice Management System (eTIMS) fuel module following its rollout in December 2025. The on boarded stations represent approximately 16 percent of fuel stations nationwide. KRA has stated that the eTIMS Fuel Module is designed to provide end-to-end visibility of petroleum …

Meru Dairy Cooperatives conferred ISO Certification

Sacco ReviewFebruary 23, 2026February 23, 202603 mins

The Meru Central Dairy Cooperatives Union was on Tuesday February 19 conferred ISO Certification after union’s training on the Quality-Based Milk Payment System (QBMPS) and their commitment to proceed with a full rollout. The Conferment led by the Principal Secretary in the State Department of Livestock Development Jonathan Mueke represented a well-deserved recognition of years…