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

Gov’t to establish a shared technological service platform for Small SACCOs

Sacco ReviewSeptember 30, 202504 mins

The government is planning to review the SACCO Societies Act and the regulations to explore ways of coming up with a shared technological services platform for all small cooperatives entities. This was announced by the Cooperatives and MSME Cabinet Secretary, Wycliffe Oparanya announced that a committee of experts has been set to review related acts…

KUSCCO announces strategic measures towards financial stability

Sacco ReviewSeptember 29, 202506 mins

Kenya Union of Savings and Credit Cooperatives, (KUSCCO) has announces various strategic measures to support its financial stability, strengthen cash flow and improve operational efficiency. According to the circular dated September 22, signed by the Group Managing Director Arnold Munene, and directed to all KUSCCO member SACCOs chairpersons, the union outlined various strategies which include:…

Pyrethrum Processing Company gets new acting CEO

Sacco ReviewSeptember 29, 202503 mins

The Ministry of Agriculture and Livestock Development has appointed Njoroge Wachira as the Acting Chief Executive Officer of the Pyrethrum Processing Company of Kenya (PPCK), marking a key leadership transition aimed at revitalizing the country’s once-thriving pyrethrum sector. The announcement was made during a Board meeting presided over by Principal Secretary for Agriculture, Dr. Kipronoh…

Corporate entities urged to invest in cyber security amid rise in threats

Sacco ReviewSeptember 29, 202505 mins

Corporate entities and institutions across the country have been urged to invest in cyber security to cushion them against rising cyber-attacks. Stakeholders aver that cyber security is imperative in protecting sensitive data, ensuring continuous operations, complying with regulations, maintaining a strong reputation and gaining a competitive edge in the landscape. Margaret Kinyanjui, the Principal College…

CS Oparanya bans use of loans to pay dividends to SACCO members

Sacco ReviewSeptember 28, 202504 mins

Cabinet Secretary for Co-operative and MSMEs, Wycliffe Oparanya has declared a suspension on new registrations and banned the use of loans to pay dividends to Sacco members. Speaking during the 34th Special General Meeting of Unaitas Sacco in Nairobi, CS Oparanya said the move is part of a stringent crackdown on poorly managed savings and…

Small-sized SACCOs to merge to enhance oversight, stability; CS Oparanya reveals

Sacco ReviewSeptember 28, 202504 mins

Small-sized Saccos with deposits of below Ksh 100 Million will be merged with the larger ones, this is in line with the Ministry of Co-operatives guidelines which aim to tighten supervision of thousands of co-operatives spread across the country with thin capital and deposit bases. Speaking during the Sacco Supervision Annual Report 2024, Co-operatives Cabinet…

Mwalimu National SACCO boss clinches SACCO CEO of the year award

Sacco ReviewSeptember 27, 2025September 28, 202503 mins

The Mwalimu National SACCO Chief Executive Officer, Kenneth Odhiambo Opiyo has won the SACCO CEO OF THE YEAR award. Opiyo was announced by the Strategic Nest Corporation, a premier research-driven communications and public relations firm as the best CEO in the SACCOs and Microfinance Category, being among those on the list of Strategic Business &…

Gov’t rolls out digital procurement and asset management sensitization to Counties

Sacco ReviewSeptember 26, 2025September 26, 202505 mins

The National Treasury has intensified its sensitization campaign on public asset management and electronic procurement systems, bringing on board the last batch of counties in a nationwide exercise that aims to streamline efficiency, enhance accountability, and eliminate corruption in public service. Speaking in Nyeri during a workshop for county procurement officers and accountants, the Principal…

Real Estate emerges biggest beneficiary from regulated SACCOs as education sector lags behind

Sacco ReviewSeptember 26, 202503 mins

The land and housing sector has once again topped the charts as the leading recipient of credit from regulated Savings and Credit Cooperative Organizations (SACCOs), according to the newly released SACCO Supervision Annual Report 2024 by the Sacco Societies Regulatory Authority (SASRA). The report, which was unveiled yesterday, reveals a steady upward trend in sectoral…

Kenya’s SACCOs rank top in Africa-Global, report confirms

Sacco ReviewSeptember 26, 202503 mins

Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have solidified their position as Africa’s leading cooperative finance system and a rising global contender, according to the SACCO Supervision Annual Report 2024 released yesterday by the SACCO Societies Regulatory Authority (SASRA). The report, which tracks performance across regulated SACCOs, shows continued growth in membership, loan disbursements, and…