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Government intensifies SACCO reforms as Oparanya defends recovery efforts at KUSCCO and Metropolitan SACCO

Sacco ReviewMay 15, 202606 mins

Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya has assured the Senate that the Government is accelerating reforms in the Savings and Credit Cooperative (SACCO) sector in a bid to strengthen governance, safeguard members’ savings, and restore public confidence in cooperative financial institutions. Appearing before the Senate Standing Committee on Trade, Industrialisation, and Tourism,…

Sacco leaders push Parliament for sector reforms in new cooperative bill

Sacco ReviewMay 14, 202608 mins

Leaders in Kenya’s cooperative movement have intensified pressure on Parliament to amend the proposed Sacco Societies (Amendment) Bill, warning that several clauses risk diluting the identity and operational independence of Savings and Credit Cooperative Organisations (SACCOs). The Co-operative Alliance of Kenya (CAK), the umbrella body representing the country’s cooperative sector, tabled a detailed memorandum before…

Understanding how Sacco dividends and rebates are calculated

Sacco ReviewMay 13, 2026May 14, 202604 mins

When a Savings and Credit Co-operative Organization (SACCO) declares an annual surplus, members typically receive returns in two main forms: dividends on share capital and rebates on deposits. Dividends on Share Capital Dividends are payments made to members based on the number of shares they hold in the SACCO. These payments are made from the…

EPRA opens Kenya’s electricity market to private players, ending Kenya Power’s decades-long monopoly

Sacco ReviewMay 13, 2026May 14, 202607 mins

Kenya’s electricity sector is set for a historic shake-up after the Energy and Petroleum Regulatory Authority (EPRA) developed regulations that will crack open the power distribution market to private investors, dismantling Kenya Power and Lighting Company’s (KPLC) grip on electricity supply that has held for decades. The draft Energy (Electricity Market, Bulk Supply and Open…

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 2026May 14, 202606 mins

Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…

Boresha DT Sacco elects Kipruto Kiptoo as new Chairman

Sacco ReviewMay 12, 2026May 15, 202602 mins

Boresha Deposit-Taking (DT) SACCO limited has appointed Kipruto Kiptoo as its new Chairman, succeeding the outgoing long-serving Chairman, Albert Chebiegon. Speaking during the leadership transition, Chief Executive Officer (CEO) Jacob Mengich expressed confidence in the new Chairman’s leadership, noting that management will work closely with him to steer the Society to greater growth and success….

KNBS Economic Survey 2026: Kenya dairy sector hits record 5.5 million tonnes as New KCC battles losses

Sacco ReviewMay 11, 202604 mins

Kenya’s dairy farmers are producing more milk than ever before, and the numbers to prove it are finally here. Fresh milk production hit 5.5 million tonnes in 2025, a 3.5% increase from the previous year and the third consecutive record, according to the Kenya National Bureau of Statistics (KNBS) Economic Survey 2026 released on April…

Kenyan coffee farmers earn Ksh1.75B more through direct export sales in March

Sacco ReviewMay 11, 202607 mins

Kenyan coffee farmers, cooperatives, and exporters earned significantly higher returns from direct coffee export sales in March 2026 as international buyers continued paying premium prices for high-quality and traceable Kenyan coffee outside the traditional auction system. According to a new report by the Agriculture and Food Authority (AFA), growers and exporters sold 1.70 million kilograms…

APOLOGY AND CLARIFICATION ON SHIRIKA SACCO STORY

Sacco ReviewMay 8, 2026May 23, 202602 mins

On April 12, 2026, The Sacco Review online paper (www.saccoreview.co.ke) published a story about Shirika Housing Cooperative Ltd titled ‘Crisis at Shirika: Members plot uprising as troubled cooperative heads for explosive AGM’ While the article was exclusively about Shirika Housing cooperative, we erroneously used the photograph and logo of Shirika DT Sacco Ltd which is…

AFA Acting Director General Calistus Kundu

Macadamia farmers to form Cooperatives as sector sets Ksh 100 farm gate price

Sacco ReviewMay 7, 2026May 7, 202604 mins

Farmers in Kenya’s macadamia sector have agreed to form cooperatives as part of extensive reforms aimed at streamlining the value chain and improving earnings. The resolution was reached during a two-day forum that brought together Agriculture and Food Authority (AFA) as a regulator, processors and farmers, where participants emphasized that cooperatives will enhance bargaining power,…