Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
As your Savings and Credit Co-operative (Sacco)expands its influence and network, you are likely to face various risks, such as money laundering. Anti-Money Laundering, commonly referred to as AML, is a set of laws, regulations, and procedures designed to prevent and detect illegal financial activities, primarily money laundering. The primary purpose of AML measures is…
For decades, Savings and Credit Cooperative Organization (SACCOs) have occupied a special place in Kenya’s financial ecosystem. They are trusted institutions built on community ownership, shared prosperity, and the promise of affordable credit. Every year, members eagerly await dividend announcements with the same excitement shareholders reserve for listed companies. In many circles, a SACCO that…
In matters co-operative movement management and governance practices, Participatory Budgeting (PB) is described as a democratic process that gives co-operative enterprise members direct power to decide how the management and boards of management allocate and spend members’ funds and other resources for the benefit of the members and other stakeholders. Participatory Budgeting promotes a bottom-up…
Every new year every sober citizen will get time to plan their year, in form of new year resolution. He/she will need to analyse their past year and answer very contentious questions to help them come up and classify their new year’s needs. Every serious co-operator will be wondering if they need to maintain their…
Mr Edward Kinyungu, the Hon Secretary of Kenya Society of Professional Cooperators ( KSPC), has prosecuted a very strong case that seeks to have saccos’ non-core activities exempted from TAXATION, arguing that it amounts to “double taxation ” and stifles the growth of the sector that is pivotal in savings mobilisation among citizens . This…
Boda bodas create chaos. They bring disorder in urban centres as they expose villages to crime. If the roads network was perfect, boda bodas will only be used for sporting but because there is a big gap in our transportation, boda bodas come in to fill the gap. Ours is such a bad road infrastructure…
A Professional Perspective from the Cooperative Movement Savings and Credit Cooperative Societies (SACCOs) have long been recognised as vital pillars in Kenya’s financial ecosystem. This is true to date. Under the Bottom-Up Economic Transformation Agenda (BETA), SACCOs are not merely financial intermediaries but grassroots economic engines that mobilise savings, deepen financial inclusion, and empower millions…
For many Kenyans, especially in rural and peri-urban areas, cooperative societies are more than just financial institutions, they are lifelines. They represent hope, collective strength, and a pathway to economic empowerment. Yet, when liquidation strikes, it often leaves behind a trail of broken dreams, financial loss, and shattered trust. Liquidation, the formal process of closing…
For many Kenyans, especially in rural and peri-urban areas, cooperative societies are more than just financial institutions—they are lifelines. They represent hope, collective strength, and a pathway to economic empowerment. Yet, when liquidation strikes, it often leaves behind a trail of broken dreams, financial loss, and shattered trust. Liquidation, the formal process of closing an…
Savings and Credit Cooperative Societies (SACCOs) have long been recognized as vital pillars in Kenya’s financial ecosystem. This is true to-date. Under the Bottom-Up Economic Transformation Agenda (BETA), SACCOs are not merely financial intermediaries but grassroots economic engines that mobilize savings, deepen financial inclusion, and empower millions of citizens economically. They are agencies of change….
