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

German-Kisumu partnership brings water relief to 800 homes in Chulaimbo

Sacco ReviewApril 9, 202605 mins

A partnership between Gersthofen and Kisumu County has delivered a Sh5 million water project set to benefit at least 800 households in Chulaimbo. The project, launched on Wednesday by Gersthofen First Mayor Michael Wörle and Kisumu Deputy Governor Mathew Owili, will be managed by Kisumu Water and Sanitation Company (KIWASCO) and is expected to expand…

WOCCU guidelines on use of AI in Saccos

Sacco ReviewApril 9, 202608 mins

Savings and credit co-operatives (Saccos) have received a roadmap for adopting artificial intelligence (AI) tools as the sector explores how emerging technologies could improve efficiency, risk management and member services. The guidance, developed for credit unions globally by the World Council of Credit Unions (WOCCU), outlines in a white paper how financial cooperatives can integrate AI…

CS Oparanya with Committee of Experts during presentation of Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto.

Proposed reforms to make whistle blower policy mandatory in SACCOs

Sacco ReviewApril 8, 2026April 8, 202608 mins

Savings and Credit Co-operative Societies (SACCOs) could soon be required to adopt mandatory whistle-blower policies as part of sweeping reforms aimed at improving transparency, governance and accountability in the sector. The proposal is contained in a report by a Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework. The committee recommends that SACCOs establish…

Imarika DT Sacco headquarters in Kilifi County on

Imarika Sacco assets hit Ksh16.1 billion as performance surpasses targets

Sacco ReviewApril 8, 2026May 7, 202605 mins

Imarika Sacco, one of Kenya’s fastest-growing cooperatives, has once again recorded strong financial performance, posting total assets of Ksh16.1 billion in the year ended 31st December 2025. The Sacco also reported increased member deposits, which rose to Ksh10.5 billion against a target of Ksh10.6 billion falling short by Ksh100 million. In contrast, loans and advances…

NBA Board Chairman Hon. David Wamatsi in a group photo during a visit to Malaba and Busia border offices

New NBA offices in Moyale, Isebania to boost GMO monitoring drive

Sacco ReviewApril 8, 2026April 8, 202604 mins

The National Biosafety Authority (NBA) has expanded its operational footprint with the opening of new offices in Moyale and Isebania, in a strategic move aimed at strengthening surveillance and monitoring of Genetically Modified Organisms (GMOs) across the country. The operationalisation of the two offices is expected to enhance regulatory oversight, particularly at key entry points,…

Machogu urges youth to join SACCOs for financial security and national growth

Sacco ReviewApril 7, 202603 mins

Former Education Cabinet Secretary Ezekiel Machogu has called on school leavers and university graduates to embrace Savings and Credit Cooperative Organisations (SACCOs) as a pathway to financial stability and empowerment. Speaking during a youth empowerment forum hosted by the Kisii Youth Bunge Sacco, Machogu said young people must harness their education, creativity, and talents to…

Stima SACCO assets hit Ksh75.3 Billion, post Ksh10.8 Billion revenue

Sacco ReviewApril 7, 202609 mins

Kenya’s second largest Savings and Credit Co-operative (SACCO) and second-largest in Africa in asset base, Stima DT SACCO Society Limited, posted impressive financial results for the year ending December 31, 2025 after it recorded an increase in revenue by 4.9% from Ksh10.3 billion in 2024 to Ksh10.8 billion in 2025, even as its total assets…

KUSCCO pushes for tax relief on SACCO transactions in 2026/27 budget submissions

Sacco ReviewApril 6, 202604 mins

Members of Savings and Credit Cooperative Organisations (SACCOs) could soon enjoy significant tax relief if proposals presented to the National Treasury are adopted in the upcoming 2026/27 national budget. The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has urged the Treasury to scrap excise duty on member-based transactions, arguing that the levy unfairly penalises…

Kisumu to host 2026 Africa Smart Cities and Townships Alliance (ASCA) summit in August

Sacco ReviewApril 1, 202606 mins

Kisumu will host the Africa Smart Cities and Townships Alliance (ASCA) Week in August 2026, an international summit expected to bring together leaders from Africa and Asia. The announcement comes after the lakeside City was selected to play the host, positioning it at the centre of a growing continental push to integrate healthcare, technology and…

KRA defends proposal to expand VAT coverage as beneficial to small businesses

Sacco ReviewMarch 29, 2026March 29, 202606 mins

The Kenya Revenue Authority (KRA) has defended its proposal to expand value-added tax (VAT) coverage, insisting that the reform will not harm small businesses but instead ease the burden on a few compliant firms while boosting domestic revenue. The plan, which seeks to raise VAT’s contribution to gross domestic product (GDP) by two percentage points,…