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

Gov’t rolls out second phase of NYOTA youth entrepreneurship training

Sacco ReviewApril 21, 2026April 21, 202603 mins

The government has officially kicked off the nationwide rollout of the second phase of classroom business skills training under the National Youth Opportunities Towards Advancement (NYOTA) Project, marking a major step in its effort to empower youth entrepreneurs across the country. The training, which began on April 20, Monday morning, is being conducted simultaneously in…

Cabinet Secretary, Ministry of Cooperatives and Micro, Small and Medium Enterprises Development Wycliffe Oparanya

Oparanya asks women to join Saccos for financial freedom

Sacco ReviewApril 17, 202607 mins

Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya wants women to prioritise savings, financial literacy and smart investments in order to gain financial independence. According to the CS, fewer women join savings and credit cooperative societies (Saccos) in Kenya compared to men which is detrimental to the overall national economic development of the country. “Saccos…

Edward Obwocha, Walimu Solidarity Savings and Credit Co-operative Chairman and KUPPET National Secretary, Secondary.

TSC approves Walimu Solidarity Sacco for more membership

Sacco ReviewApril 15, 202602 mins

Walimu Solidarity Sacco can now allow teachers outside union leadership to join the Sacco, following approval of the long-awaited check-off system by the Teachers Service Commission (TSC). The system allows for direct salary deductions of member contributions, a major step forward since the Sacco previously only served union officials due to the absence of a…

CS Oparanya unveils Deposit Guarantee Fund in SACCO sector shake-up

Sacco ReviewApril 15, 2026April 15, 202604 mins

Cabinet Secretary for Cooperatives and SMEs, Wycliffe Oparanya, has announced the introduction of a Deposit Guarantee Fund aimed at protecting members’ savings in SACCOs in the event of a SACCO collapse. Oparanya assured members that their deposits would be safeguarded, ensuring that they can recover their money even if their SACCOs fail. Speaking about the…

Jack Ranguma, SASRA Board Chairman. Photo/File

High stakes as stakeholders review experts’ report on Sacco reforms

Sacco ReviewApril 14, 2026010 mins

Stakeholders in the savings and credit co-operative sector are reviewing a report by a team of experts proposing far-reaching reforms that could reshape regulation, governance and operations of Saccos in Kenya. The proposals, which are now at the validation stage, come amid growing pressure to strengthen oversight, protect member savings and address emerging risks in…

Oparanya declares digital compliance mandatory for SACCO licensing

Sacco ReviewApril 12, 202604 mins

Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, has announced that no Savings and Credit Cooperative Society (SACCO) will be licensed to operate unless it demonstrates full commitment to digital transformation. Speaking at the recent Leadership, Ethics and Strategic Governance Forum, Oparanya warned that failure to modernize would erode public trust and ultimately destroy…

Cooperatives unite against child labour in Tea, Coffee sectors

Sacco ReviewApril 11, 202604 mins

Stakeholders in Kenya’s tea and coffee cooperatives have pledged to take the fight against child labour to grassroots communities, in a renewed push to boost farmer incomes and protect children across agricultural value chains. The commitment follows a 12-day Training of Trainers on Cooperative Development Tools, where participants resolved to cascade knowledge to farmers and…

CS Cooperatives Wycliffe Oparanya ( C) with Commissioner for Cooperative David Obonyo ( l) during leadership forum in Naivasha.

Over 10,000 SACCOs face closure for failure to file annual returns

Sacco ReviewApril 10, 202604 mins

The Ministry of Cooperatives and Micro, Small and Medium Enterprises (MSME) Development has issued a stern warning to SACCOs (Savings and Credit Cooperative Societies) that have failed to file their annual returns, confirming that those who remain non-compliant risk having their licenses revoked. Cabinet Secretary for the Ministry of Cooperatives and MSME Development, Wycliffe Oparanya,…

Proposal to rebrand SACCOs into credit unions as part of co-op sector reforms

Sacco ReviewApril 10, 202604 mins

Kenya’s cooperative movement is staring at a historic transformation, with sector leaders deliberating over a proposal to rebrand SACCOs as credit unions, a move described as largely semantic but symbolically weighty in a country where SACCOs remain deeply embedded in the financial lives of millions. The discussions took place during the Leadership, Ethics and Strategic…

WOCCU guidelines on use of AI in Saccos

Sacco ReviewApril 9, 202608 mins

Savings and credit co-operatives (Saccos) have received a roadmap for adopting artificial intelligence (AI) tools as the sector explores how emerging technologies could improve efficiency, risk management and member services. The guidance, developed for credit unions globally by the World Council of Credit Unions (WOCCU), outlines in a white paper how financial cooperatives can integrate AI…