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SASRA warns of fragile SACCO funding structure as wealthy savers dominate majority deposits

Sacco ReviewMay 6, 202605 mins

The SACCO Societies Regulatory Authority (SASRA) has raised concerns over the stability of Kenya’s SACCO sector after new data revealed that the bulk of cooperative deposits are concentrated in a small fraction of wealthy accounts, even as millions of low‑value savers continue to join the movement. According to SASRA’s supervisory report, total deposit accounts rose…

Kagwe warns farmer coops against taking loans without clear repayment plans, says Govt won’t continue writing off debts

Sacco ReviewMay 5, 202604 mins

Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe has warned farmer cooperative societies against taking loans without clear repayment plans, saying the government will no longer continue writing off debts that fail to meaningfully benefit farmers. He added that stricter accountability measures have been introduced across all agriculture value chains to end the cycle of…

Kewisco NWDT SACCO to hold members’ education meetings across KWS directorates

Sacco ReviewMay 5, 202603 mins

The Kenya Wildlife Service Non-Withdrawable Deposit-Taking Savings and Credit Cooperative (Kewisco Regulated Non-WDT SACCO) has invited all its members based at Kenya Wildlife Service (KWS) headquarters to attend a series of education meetings scheduled to run from May 6 to May 14, 2026, at Safari Walk. The meetings, which will be held from 12:45 pm…

Verona Huruma NWDT Sacco urged to transist into fully DT-Sacco to enhance growth

Sacco ReviewMay 5, 202604 mins

Verona Huruma Regulated Non-Withdrawable Deposit-Taking (NWDT) Sacco has been urged to consider transitioning into a fully deposit-taking Sacco, even as it posted strong financial growth for the year ending December 31, 2025. Speaking at the Sacco’s Annual General Meeting, Nairobi County Director of Cooperatives Dolphine Aremo called on members and leadership to prepare for the…

Kenyan exports gain duty‑free access to Chinese market under new trade deal

Sacco ReviewMay 4, 202605 mins

Kenyan exports will now enjoy duty-free access to the Chinese market, thanks to a new zero-tariff framework under the Kenya–China Early Harvest Agreement, which took effect on May 1, 2026. This agreement promises to provide Kenyan exporters with enhanced market access, expanding trade opportunities between the two nations. The Kenya–China Early Harvest Agreement is expected…

Kenya moves to put its tea on the London Marathon table in multimillion dollar UK deal

Sacco ReviewApril 30, 202603 mins

The agriculture and livestock development Cabinet Secretary (CS) Mutahi Kagwe has held high level talks with a leading United Kingdom (UK) based tea distributor, exploring bold new ways to market Kenyan tea to the world, including serving it to athletes at the prestigious London Marathon. Kagwe met with Nadeem Ahmed, Chairman of Global Tea and…

Daima Sacco annual members’ education forum

Daima Sacco trains members on financial literacy

Sacco ReviewApril 29, 202603 mins

Daima Sacco Society Limited has intensified efforts to promote financial literacy among its members, with a strong focus on empowering young people to build secure financial futures. The recent annual members’ education session attracted significant engagement, with over 70 percent of participants drawn from the youth demographic. The session centered on practical approaches to saving…

New KPCU, Nyamira County seal partnership to revitalize coffee farming

Sacco ReviewApril 28, 202604 mins

The New Kenya Planters Co-operative Union (New KPCU) and the County Government of Nyamira have sealed a new partnership to breathe fresh life into coffee farming in Nyamira County, signaling renewed efforts to restore the crop as a cornerstone of the local economy. The agreement, formalized through a Memorandum of Understanding (MOU) signed on Tuesday,…

Business players urge govt to create conducive environment for economy growth

Sacco ReviewApril 28, 202606 mins

As the country gears towards 2027 general elections and leaders jostle for votes, the business fraternity is faced with uncertainties on the fate of their ventures. Historical trends indicate that while some sectors might see temporary boosts from political spending, the overall business environment usually experiences a “wait-and-see” approach. Investors, both local and foreign, typically…

Co-op Bank plans shift to holding company, eyes regional expansion

Sacco ReviewApril 25, 202605 mins

Co-operative Bank of Kenya has announced plans to restructure into a non-operating holding company, a move that will separate its core banking operations from the broader group and position the lender for regional expansion. The development carries direct implications for Kenya’s 15 million member cooperative movement, which controls the bank through Co-op Holdings Co-operative Society…