Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
I&M Group PLC has appointed Abdi Mohamed as the Chief Executive Officer of I&M Bank Kenya, days after his resignation from Absa Bank Kenya was formally announced. In a notice to shareholders issued on Monday, the lender announced that Mohamed will join the bank from Absa Bank Kenya PLC, where he has been serving as…
Kenya has secured a KSh7.8 billion development cooperation package from Germany to support key economic programmes over the 2026 – 2028 period, strengthening the long-standing partnership between the two countries. The funding was announced after the Kenya- Germany biennial government-to-government development cooperation negotiations held in berlin, where both governments reaffirmed their commitment to expanding economic…
A new survey has revealed that the majority of women traders in Kenya have never received formal business or enterprise development training, limiting the growth and sustainability of their businesses. The research, conducted by social enterprise WOW MOM Kenya with support from the International Development Research Centre (IDRC), found that 93 per cent of women…
Education loans surged by 27.1% in Q1 2026, reaching KSh24.81 billion, making school fees the second-largest reason for Sacco borrowing after land and housing. Parents increasingly prefer SACCOs for financing education, attracted by lower interest rates and flexible repayment plans compared to commercial banks. Parents are increasingly relying on Savings and Credit Cooperatives (Saccos) to…
Healthcare loans recorded the fastest growth among SACCO lending categories, rising 31.03% year-on-year to KSh2.79 billion in March 2026. Overall SACCO lending expanded by 16.23% to KSh115.73 billion, with land and housing remaining the largest recipients, followed by education. Healthcare-related borrowing has emerged as the fastest-growing loan category among Savings and Credit Cooperative Societies (SACCOs)…
Diaspora Affairs Principal Secretary Rosalyn Njogu has unveiled a football tournament dubbed Kazi Majuu, aimed at sensitizing young people on job opportunities available both locally and abroad. Speaking at Mitooni Primary School in Buuri Constituency, Meru County, Njogu said the government is committed to ensuring youth are informed about employment prospects, noting that more than…
Matungulu West Ward MCA Raphael Nzau, has encouraged boda boda operators in Machakos County to enrol in technical and vocational training institutions, saying additional skills will secure their future beyond motorcycle transport. Addressing riders in the Koma area, Nzau urged them to take advantage of nearby technical institutes and invest part of their earnings in…
The Central Bank of Kenya (CBK) has introduced a new trading link that will allow international investors to participate in the country’s government securities market, a move expected to boost liquidity and expand foreign investment. In a statement issued on June 25, CBK confirmed that Luxembourg-based Clearstream has connected to Kenya’s Government Central Securities Depository…
A Taita-Taveta cooperative society has taken the bold initiative of empowering banana farmers in order to boost their economic status. The Taita-Taveta Banana Farmers Cooperative Society(TATABA) is a farmers-owned cooperative dedicated to improving the livelihoods of banana farmers through production support, aggregation, value addition and market access. With more than 800 active members and still…
RUPSA Sacco has petitioned the High Court to place the Kenya Union of Savings and Credit Co-operatives (KUSCCO) under insolvency proceedings, citing severe financial distress that it says meets the threshold under the Insolvency Act. The matter is before the High Court’s Commercial and Tax Division, where RUPSA has asked judges to dismiss KUSCCO’s preliminary…
