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

Kenyan businesses secure assurance over Tanzanian business order

Sacco ReviewOctober 3, 202505 mins

Kenyan business owners operating in Tanzania can breathe a sigh of relief following reassurances from the Government of the United Republic of Tanzania that their enterprises will not be affected by a controversial new business order. The assurance follows high-level bilateral consultations between Kenya and Tanzania to address concerns raised by Nairobi regarding the Business…

MPs question SASRA over alleged financial mismanagement, ownership disputes at Nandi Teachers Sacco

Sacco ReviewOctober 3, 202504 mins

The National Assembly’s Public Petitions Committee has questioned the Sacco Societies Regulatory Authority (SASRA) Acting CEO David Sandagi over the allegations of financial mismanagement and ownership disputes at Nandi Teachers Sacco. This comes after the Nandi Hills MP Bernard Kitur filed a petition which raised concerns about how the Sacco handled members’ funds and the…

SACCOs overtake banks in affordable loans amid overstretched liquidity

Sacco ReviewOctober 3, 202504 mins

Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…

Kenya’s Cooperative sector reels from Ksh3.49 Billion remittance crisis

Sacco ReviewOctober 2, 2025October 2, 202505 mins

Kenya’s cooperative banking sector, a cornerstone of financial inclusion for millions, is grappling with a deepening liquidity crisis, according to the Sacco Societies Regulatory Authority (SASRA) 2024 Supervision Report, released recently by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya. The report has exposes a staggering Ksh3.49 billion in unpaid salary deductions owed to 85…

Kenyan MPs’ Sacco loan defaults hit Ksh939 Million mark

Sacco ReviewOctober 2, 202508 mins

In a stunning revelation that exposes the gaping chasm between Kenya’s political elite and the everyday struggles of ordinary citizens, Members of Parliament, MPs have emerged as the top defaulters in the country’s Savings and Credit Cooperative (Sacco) sector, racking up nearly Ksh1 billion in unpaid loans by the end of 2024. According to the…

SACCOs in Kenya report surge in transaction value

Sacco ReviewOctober 1, 202506 mins

Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…

MPs rejects new policy on women empowerment says it undermines existing institutions

Sacco ReviewOctober 1, 2025October 1, 202504 mins

The National Assembly Committee on Social Protection has rejected the proposed National Policy for Women’s Economic Empowerment, citing a lack of clear implementation structures and concerns over duplication of the constitutional mandate held by the 47 Women Representatives. The policy, developed by the State Department for Gender and Affirmative Action under the Ministry of Gender,…

End of an Era: Moi University Sacco placed under liquidation

Sacco ReviewSeptember 30, 202502 mins

Moi University Savings and Credit Society (MUSCO) has been placed under liquidation, with two officials appointed to oversee the process. The two officials to oversee the process are, Kennedy A. Emali, Nairobi Principal Cooperative Auditor, and Druscillah Jebet Cherogony, Uasin Gishu Principal Cooperative Officer who will serve as joint liquidators tasked with managing assets, raising…

Coop tribunal to punish errant employers hoarding SACCO cash in the new Bill

Sacco ReviewSeptember 30, 202508 mins

The Cooperatives Bill, which is about to become law has put errant employers sitting on huge sums of cash in the form of remittance deductions meant for SACCOs, now estimated at Ksh 3.5 billion at unease state. The Cooperative Bill 2024, published as the National Assembly Bill No. 7 of 2024 on 9th February 2024, has…

35 SACCOs risk sanctions as SASRA heightens Anti-Money Laundering crackdown

Sacco ReviewSeptember 30, 202503 mins

Thirty-five savings and credit cooperatives (SACCOs) are staring at possible sanctions after failing to register with the Financial Reporting Centre (FRC) as required under new anti-money laundering regulations. This was revealed by SASRA adding that the stated saccos had not fully registered as reporting institutions mainly on the grounds that they had submitted incomplete applications,…