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

Kenya’s financial sector urged to embrace AI and modern credit scoring to expand access to credit

Sacco ReviewMay 23, 202605 mins

Kenya’s financial institutions have been urged to adopt emerging technologies such as artificial intelligence (AI) and modern credit scoring systems to strengthen lending processes and widen access to credit as the country’s financial sector undergoes rapid transformation. The call was made during a financial sector engagement forum held in the North Rift region on May…

Bankers Association warns Finance Bill 2026 taxes could undermine digital payments

Sacco ReviewMay 22, 202604 mins

Kenya Bankers Association (KBA) has cautioned against new tax measures proposed in the Finance Bill 2026, warning that levies on card transactions and digital payment services could sharply raise the cost of financial services and drive more Kenyans away from formal cashless systems. Appearing before the National Assembly Departmental Committee on Finance and National Planning,…

Eco-pillar Sacco members plan protest over alleged looting

Sacco ReviewMay 22, 2026May 22, 202604 mins

Members of West Pokot-based Eco-pillar Savings and Credit Cooperative Organization (SACCO) have formally notified police of plans to stage a peaceful protest in Makutano Town, Kapenguria, over alleged looting and unresolved grievances affecting the society and its members. In a notice dated May 18, 2026, addressed to the Officer Commanding Station (OCS) at Kapenguria Police…

Oparanya urges stronger investment in MSMEs and co-operative societies

Sacco ReviewMay 21, 202603 mins

Cabinet Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Wycliffe Oparanya, has called for increased investment in small businesses, Saccos and grassroots economic programmes, insisting that government initiatives must translate into tangible benefits for ordinary Kenyans. Appearing before the Departmental Committee on Trade, Industry and Cooperatives during deliberations on the 2026/27 Annual…

ACCOSCA pushes reforms to strengthen Africa’s SACCO sector at Southern Bloc Forum

Sacco ReviewMay 20, 2026May 20, 202603 mins

The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) has reaffirmed its commitment to transforming Africa’s SACCO ecosystem through strategic leadership and reforms, as more than 120 cooperative leaders from the Southern Bloc gathered recently in Johannesburg, South Africa, for the 2026 Regional Forum. The forum, hosted by the Malawi Union of Savings and…

Kisii revenue officers trained on professionalism and digital service delivery

Sacco ReviewMay 20, 202604 mins

Revenue collection officers in Kisii County on Monday underwent a one-day training at the Kisii Farmers Agricultural Training Centre aimed at enhancing efficiency, accountability, and professionalism in public service delivery. The training brought together officers from all sub-counties to address gaps in revenue administration and equip staff with practical skills to meet the evolving demands…

Siaya banks on SACCOs, youth to boost commercial farming

Sacco ReviewMay 20, 202605 mins

Siaya County is banking on youth agripreneurs to improve extension services and transform subsistence farming into a commercial sector that drives rural economic growth. This comes after the county government on Tuesday, May 19, introduced 150 young agripreneurs who will boost grassroots agricultural extension and farmer outreach through the National Agricultural Value Chain Development Project…

Sakaja appeals to SACCOs and banks for loan amnesty to ease debt burden on Kenyans

Sacco ReviewMay 20, 202603 mins

Nairobi Governor Johnson Sakaja has urged SACCOs and banks to grant loan amnesty to Kenyans struggling with repayments, warning that mounting debts are pushing families and businesses to the edge amid a worsening economic crisis. Speaking on May 19 after brokering a deal between matatu operators and the government that ended a transport standoff, Sakaja…

12,000 Saccos to face deregistration over failure to file returns

Sacco ReviewMay 19, 202603 mins

Co‑operatives Cabinet Secretary Wycliffe Oparanya has cautioned more than 12,000 Savings and Credit Cooperative Societies (Saccos) that they risk deregistration for failing to file annual returns, in a move aimed at protecting citizens from dormant and fraudulent accounts. Appearing before the Senate, Oparanya revealed that out of 14,000 registered Saccos, only 2,000 have complied with…

High Court suspends appointment of KRA Commissioner General Adan Mohamed pending petition hearing

Sacco ReviewMay 19, 202604 mins

The High Court in Nairobi has suspended the appointment of newly named Kenya Revenue Authority (KRA) Commissioner General Adan Mohamed, following a petition challenging the recruitment process. Justice Gregory Mutai issued the orders at the Milimani High Court on Tuesday, freezing the implementation of the appointment until the case is heard and determined. The court…