Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
BlockCoop SACCO, a newly established cooperative that integrates blockchain technology into savings and credit operations, has unveiled Kenya’s first blockchain‑powered cooperative, marking a historic milestone in the evolution of the country’s financial sector and reinforcing its position as a leader in innovation across Africa. The new model leverages blockchain technology to tackle long‑standing challenges in…
President William Ruto has announced a reduction in the deposit required for affordable housing units, lowering the rate for salaried workers from 10 per cent to 5 per cent of a unit’s value. Speaking during the 2026 Labour Day celebrations in Vihiga County, President Ruto said the move is aimed at easing access to home…
The Micro and Small Enterprise Authority (MSEA) Chief Executive Officer, Henry Mwenda Rithaa, has lauded President William Ruto for initiating empowerment programmes in the country to uplift citizens’ living standards. Rithaa said the programmes have positively impacted many people by economically and academically empowering them. Speaking in Buuri constituency during the graduation ceremony of the…
The economic survey released on Thursday this week by the Kenya National Bureau of Statistics (KNBS) has painted a slightly rosy picture of the industry. According to the survey, total assets of deposit-taking SACCOs grew by 11.5 per cent to KSh 727.1 billion as at December 2025. Total assets and liabilities, which comprise time and…
President William Ruto has announced a sweeping wage adjustment for Kenyan workers, unveiling a 12 per cent general increase for workers and a higher 15 per cent rise for agricultural employees. Speaking during the 2026 Labour Day celebrations in Vihiga County, President Ruto stated that the wage increment marks a major policy shift aimed at…
KCB Bank has launched a groundbreaking mortgage product targeting Kenya’s informal workforce, a move expected to expand access to affordable housing and reshape the country’s mortgage landscape. The new facility, offered at a single‑digit interest rate, is tailored for SMEs, artisans, boda boda operators, gig economy players, and digital content creators whose income streams are…
The Coffee Savings and Credit Cooperative Organizations (SACCOs) in Bungoma County are at the centre of Senate investigations following concerns over inconsistent coffee pricing that has affected farmer earnings. This comes after Bungoma County Senator, David Wakoli raised alarm over disparities in payments made through cooperative societies, citing variations between coffee cherry delivered to factories…
Cotton farmers in Magarini Sub-County, Kilifi County, have been urged to form Savings and Credit Cooperative Organizations (SACCOs) and invest strategically to improve their living standards. Speaking to Sacco Review in his office in Marafa Town, Magarini Sub-County Cooperative Officer, Edward Fondo, noted that many cotton farmers in the area have yet to form Saccos….
The former CEO of Eco Pillar SACCO, Linus Lokira, has been arrested in connection with a major financial fraud that allegedly resulted in a loss of over KSh 100 million to the institution. The suspect was taken into custody on April 26 by police in Kapenguria. OCS Evans Mose confirmed the arrest , stating that…
A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…
