Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
According to data from the Sacco Societies Regulatory Authority (SASRA), the SACCO industry closed 2024 with gross loans valued at KSh 845.11 billion, marking an 11.41 per cent increase from KSh 758.57 billion a year earlier. Despite the rapid credit expansion, the sector’s non‑performing loan (NPL) ratio remained steady at 8.39 per cent, according to…
Kenya’s cooperative lenders are facing mounting regulatory pressure as surging digital transactions expose gaps in their payment systems. Industry experts warn that the rapid growth of real‑time payments is testing the resilience of banks and SACCOs, raising concerns about transparency, compliance, and customer trust. According to BPC East Africa Country Manager Prashant Byndoor, real‑time payment…
Government securities have emerged as the leading investment choice for regulated SACCOs, with money market funds also gaining traction and now accounting for 9 per cent of total financial investments. According to the Sacco Societies Regulatory Authority (SASRA), this marked a shift in strategy as SACCOs increasingly favour safer, more liquid assets to strengthen their…
Kenya values its longstanding partnership with Japan, which has brought significant benefits across key sectors, Prime Cabinet Secretary Musalia Mudavadi has said. Mudavadi, who hosted Japan’s Foreign Minister Motegi Toshimitsu highlighted the countries’ shared commitment to deepening ties in trade, investment, development, and multilateral cooperation. Mudavadi praised Japan’s support through Official Development Assistance, especially in…
Management of Savings and Credit Cooperative Societies (SACCOs) in Embu County has been challenged to deliberately target young people in their recruitment and marketing campaigns, with the aim of fostering a culture of long-term saving and investment. It was further suggested that SACCO marketing initiatives be integrated into the education system, with experts visiting secondary…
After years of bureaucratic delays, the Mungatsi Economic Warriors Cooperative Society has finally been cleared to operate as a fully registered Sacco in Busia County. The long‑awaited approval, granted after intervention by the Department of Trade and Cooperatives, has paved the way for the society to begin mobilising savings and offering credit services under a…
Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya has urged counties in Western Kenya to strengthen cooperative structures and revitalize coffee farming as part of efforts to boost financial inclusion and household incomes. Speaking after a meeting with promoters and delegates from Busia, Bungoma, Trans Nzoia, Vihiga and Kakamega, Oparanya described the engagement as “productive,”…
According to recent data from the Sacco Societies Regulatory Authority (SASRA), women composition in leadership in regulated SACCOs continues to evolve, with women making notable gains in senior management positions even as their representation among Chief Executive Officers (CEOs) slightly declined in the year ending 2024. According to the SACCO supervision annual report, 2024, out…
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…
