Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…
KJET has opened applications for MSME clusters under cohorts 3 and 4, with submissions closing on 21 August 2026. Eligible cooperatives, associations and cluster based entities in 10 priority value chains will receive business development support, with some qualifying for co investment funding. The World Bank funded programme aims to boost MSME productivity, private sector…
Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…
KEPSA will host its third SME Conference, Awards and Exhibition on July 23 to 24 in Nairobi. The event will address SME financing, governance, market access and business competitiveness. KEPSA says SMEs employ 15 million people and contribute 40 per cent of Kenya’s Gross Domestic Product (GDP). The Kenya Private Sector Alliance (KEPSA) is set…
MSEA and partners are training women and youth traders on AfCFTA opportunities during a two day programme running on July 20 and 21. The training focuses on market access, digital trade, finance and the AfCFTA Protocol on Women and Youth in Trade to help traders expand across Africa. An exhibition is showcasing products by Kenyan…
SASRA says proposed SACCO Bill will establish a Deposit Guarantee Fund to protect members’ eligible savings. Regulator says reforms will strengthen liquidity management and improve stability across the SACCO sector. Clarification comes amid misinformation linking members’ savings to the National Infrastructure Fund. The Sacco Societies Regulatory Authority (SASRA) has clarified that the proposed Sacco Societies…
SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…
Parliament has dismissed claims that the proposed Sacco law will allow the government to access members’ savings or control Sacco management. The Bill seeks to strengthen regulation, improve financial stability and establish a secondary Sacco to provide shared services for member cooperatives. The National Assembly says the legislation is still undergoing public participation, with stakeholder…
Licence delays are stalling mining projects and costing Kenya billions in potential investment. Industry leaders warn regulatory bottlenecks are driving investors to competing markets. MESK is urging faster, more transparent licence approvals to unlock the sector’s growth. Kenya’s ambition to transform its mining industry into one of the country’s leading economic pillars is increasingly coming…
The National Assembly has dismissed what it called widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, saying claims that the legislation would create a government controlled “super Sacco” or hand the President power over Sacco leadership are false. In a public statement, the Assembly said the Bill, which seeks to amend the Sacco…
