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

IMF urges MPs to enhance fiscal sustainability, strengthen PFM act to boost revenue mobilization

Sacco ReviewOctober 15, 202504 mins

The International Monetary Fund, IMF has urged members of parliament MPs, to enhance fiscal sustainability, and strengthen Public Finance Management (PFM) Act to boost revenue mobilization. Speaking during the parliamentary caucus on network on the World Bank and IMF consultative meeting, IMF Mission Chief, Haimanot Teferra highlighted that the IMF expects the country to focus…

SAM 2025: African Inclusive Finance Week kicks off in Nairobi

Sacco ReviewOctober 14, 202504 mins

The fifth edition of the African Inclusive Finance Week (SAM 2025) officially opened on Monday in Nairobi, bringing together more than 1,000 delegates from across the continent. The high-profile event, running from October 13 to 17 at the Kenyatta International Convention Centre (KICC), was officially inaugurated by the Cabinet Secretary for Cooperatives and SMEs, Wycliffe…

Biashara DT Sacco to roll out online digital loans next year

Sacco ReviewOctober 14, 202503 mins

Biashara DT Sacco Society Limited is set to roll out online digital loans beginning early next year as part of efforts to embrace technology and expand financial inclusion, particularly among the youth. The Sacco’s Treasurer, Dr. Peter Macharia, said the move is in line with the country’s evolving financial sector where digital platforms are increasingly…

Equity Bank, Inchcape partner for new tractor loan scheme to boost farmers’ productivity

Sacco ReviewOctober 14, 202504 mins

Kenyan farmers are set to benefit from a new tractor financing scheme launched to ease access to modern farming equipment and boost agricultural productivity. The initiative, unveiled on Monday in Kimana, Loitokitok Sub-county, Kajiado County, is a joint effort between Equity Bank Kenya and Inchcape Kenya Ltd, the official distributor of New Holland agricultural machinery….

CS Oparanya urges African states to adopt Cooperative Model Law for inclusive growth

Sacco ReviewOctober 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs), Dr. Wycliffe Oparanya, has called on African governments to embrace the Cooperative Model Law as a reference point for national legislation aimed at strengthening the cooperative movement across the continent. Speaking during the 14th Africa Ministerial Cooperative Conference (AMCCO) held in Nairobi, CS Oparanya…

Oparanya takes over AMCCO leadership, pledges to elevate cooperative movement

Sacco ReviewOctober 13, 2025October 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Dr. Wycliffe Oparanya has officially assumed the role of Chair of the Africa Ministerial Cooperative Conference (AMCCO), pledging to champion regulatory reforms and elevate the cooperative movement across the continent over the next three years. Oparanya takes over from Major General Eng. Waleed Farouk…

SASRA sounds alarm over fake Saccos masquerading as genuine cooperatives

Sacco ReviewOctober 10, 2025011 mins

Sacco Societies Regulatory Authority (SASRA) has raised concern over the rise of unregulated, pyramid‑style entities masquerading as SACCOs, endangering the trust and work of the well-structured cooperatives. The SASRA said many, regulated SACCOs are safe havens: institutions that allow employees, informal sector workers, farmers, and diaspora Kenyans to pool savings, access loans, and build wealth,…

KUSCCO to auction Ksh1.7B properties in loan recovery drive

Sacco ReviewOctober 9, 202504 mins

The Kenya Union of Savings and Credit Cooperatives (Kuscco) has launched a massive recovery drive targeting Ksh1.7 billion worth of defaulted housing loans from 684 borrowers, in a renewed push to clean up its books and restore confidence in the cooperative sector. The auctions, scheduled for November 6, 14, and 28, will see houses and…

SASRA hosts Nigerian delegation to strengthen Sacco sector ties

Sacco ReviewOctober 9, 202507 mins

The Sacco Societies Regulatory Authority (SASRA) welcomed a high-level delegation from Nigeria recently, in a landmark event that underscored the growing collaboration between two of Africa’s economic powerhouses in the cooperative sector. Led by Senator Dr. Aliyu Sabi Abdullahi, CON, and Nigeria’s Minister of State for the Federal Ministry of Agriculture and Food Security, the…

SACCOs face liquidity constrain as employers withhold over Ksh 3B in non-remittances

Sacco ReviewOctober 9, 2025October 9, 202505 mins

Saccos are grappling with liquidity constrain as employers withhold over Ksh3 billion in non-remittances, the issue which has led to heavy loan defaults among employees. The heavy loan defaults have put the Saccos in a state of dilemma of whether to retain or abandon the check-off system for loan and savings deductions to remain stable….