Opinions & Commentaries – Page 5 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Kenyan Coops yet to enter Healthcare business, despite a glaring niche

Sacco ReviewJuly 4, 202507 mins

Within Kenya’s healthcare system lies a growing threat: medical debt. Many households, particularly those in low-income brackets, struggle to pay their medical bills, often forced to choose between their health and financial stability. This presents a critical opportunity for cooperative societies to step in by running health facilities or offering medical insurance cover or credit…

SACCOs still remains development haven to many despite Bank’s efforts to harmonize loan policies

Sacco ReviewJuly 3, 202509 mins

A move by commercial banks to cut their lending rates after intense pressure from monetary authorities, is attracting the attention of many financial services users. Do these latest cuts in the price of bank loans pose any threat to SACCOs, considered a serious player in the lending business and Kenya’s financial sector? “This trend to lower…

Should Saccos trust their auditors?

Sacco ReviewJune 14, 2025June 16, 2025015 mins

A recent revelation that a dead auditor certified the financial statements and accounts of the now financially crippled Kenya Union of Savings and Credit Cooperative Society (KUSCCO) is raising questions on whether or not members of any Society should trust the opinion and audited accounts presented by these esteemed professionals. It also raises the lid…

There’s a need to fast-track recent laws approved by the Cabinet meant to improve SACCOs

Sacco ReviewJune 4, 2025June 4, 202504 mins

During a Cabinet meeting chaired by President William Ruto in March this year at State House, key amendments to the Sacco Societies Act, 2008, were approved in a bid to enhance the stability, efficiency, and competitiveness of the country’s Savings and Credit Cooperatives Societies (SACCOs). The proposed reforms, which are outlined in the Sacco Societies…

Financial planning is key to Co-op members’ wealth creation

Sacco ReviewMay 8, 2025May 8, 202509 mins

The importance of financial planning education to co-operative society members, especially those in Savings and Credit Co-operative (Sacco) Societies cannot be wished away. Financial planning, which involves the process of creating a comprehensive strategy to manage one’s finances and achieve their financial goals, remains one of the most critical economic wheels driving co-operative members’ wealth…

ODPC urges public to report personal data misuse cases

Sacco ReviewMarch 19, 202505 mins

The Office of the Data Protection Commissioner (ODPC) has called on members of the public to exercise their rights as outlined in data protection laws to guard against misuse by organizations. The Data Commissioner, Immaculate Kassait, emphasized that reporting cases of data misuse will enable the ODPC to investigate within 90 days, leading to determinations…

How financial communication inspires co-op stakeholders make informed decisions

Sacco ReviewJanuary 7, 202506 mins

Financial communication, which refers to the process of disseminating financial information to stakeholders such as investors, analysts, and the general public, is increasingly becoming an important aspect in the corporate world. It encompasses a wide range of activities, including the preparation and release of financial statements, investor relations, and financial reporting. It is important to…

Why Saccos should embrace a co-operative business model

Sacco ReviewJanuary 7, 202508 mins

The primary purpose of a Sacco is to serve the community in which it operates. This is based on the understanding that co-operatives are not-for-profit enterprises, as the majority of the profit goes toward fulfilling the social, economic, and cultural needs of the community in which they operate. It is obvious that when a co-operative…

Open letter to Boda Boda riders from a grateful citizen

Sacco ReviewNovember 27, 2024010 mins

Dear Boda boda Riders I write this epistle to commend you for the indispensable role you play in our communities. Whether in the bustling streets of our cities or in the quiet corners of our villages, you remain a cornerstone of our transport system, serving millions with dedication, courage, and resilience. You are the unsung…

Why it’s opportune time to promote healthcare cooperatives in Kenya

Sacco ReviewNovember 26, 202406 mins

The recent heart-rending media reports on the sorry state of Koyasa Dispensary located in Kibish Sub-county of Turkana County left many Kenyans marveling at the way residents of that region survive in terms of healthcare. It was reported that the Dispensary in question was designed to serve a total of 5000 villagers but they had…