Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Certified Public Accountant David Amiani Sandagi has been appointed acting chief executive officer for the Sacco Societies Regulatory Authority (SASRA) after completion of the term of CPA Peter Njuguna. In a statement issued on Tuesday, SASRA indicated that Sandagi has been appointed by the Board of Directors in consultation with the Cabinet Secretary, Ministry of…
The Kenya Teachers Sacco Association, (KETSA) has eulogises Cosmopolitan Sacco chairman John Rukwaro describing him as the person with good visionary leadership skills that have propelled the Cosmopolitan Sacco to a high financial level. KETSA Secretary Peter Ngugi said Rukwaro contribution to the Sacco was felt in the KETSA various meeting which he was one…
An audit on the Agricultural Finance Corporation (AFC) has revealed systemic mismanagement, fraud, and operational failures that could cost taxpayers and farmers hundreds of millions. The findings, released by Auditor General Nancy Gathungu, paint a picture of a government agency in disarray, struggling to recover loans, manage payroll, and safeguard public funds. The review, covering…
The Sacco Societies Regulatory Authority (SASRA) has launched a recovery effort targeting over KSh550 million allegedly misappropriated by the management of Afya Sacco Society Ltd. The regulator’s intervention follows a damning inspection report that uncovered a trail of unaccounted withdrawals, excessive allowances, and undocumented cash transactions spanning more than two years. According to a letter…
Lengo Sacco Limited in Kilifi County has elected a new chairman, George Mwatela to lead the vibrant Sacco and push it to the next level of development. Speaking to Sacco Review in Malindi town recently, Lengo Sacco Chief Executive Officer, William Karani revealed that the Sacco’s new chairman was elected recently during an Annual General…
African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has been honored as one of the recipients of the 2025 Maurice R. Smith Leadership Award by the African-American Credit Union Coalition. He received the award 2025 African-American Credit Union Coalition Annual Conference on Wednesday, July 23, 2025, at Georgia – USA….
Kenya Union of Savings & Credit Cooperatives (KUSCCO) has proposed amendments to Section 19A of the Income Tax Act to create a more equitable and neutral tax framework for all cooperative societies in Kenya, regardless of their form The current Income Tax Act (ITA) in Kenya presents a differential treatment between cooperative societies that is…
Norwegian fintech firm Wakandi has launched to raise a capital of Ksh6.5 billion to fast-track the digitization of Savings and Credit Cooperatives (SACCOS) and cooperatives across Africa, with Kenya at the heart of its expansion strategy. Speaking in Nairobi during the signing of a partnership between Wakandi and Mastercard East Africa, Wakandi Group CEO Espen…
Saccos in Mombasa County have been urged to exercise a high degree of good leadership and good governance for effective operations. Speaking to Sacco Review in Mombasa Township recently, Mombasa county Cooperative director, Nelson Nyoro said that good leadership and good governance will retain members in the Saccos. He warned that bad leadership and bad…
Jumuisha Sacco Society Limited in Bondo and Rarieda sub counties have witnessed remarkable achievement and growth amidst glaring challenges of the tough past year (2024). Sacco chairperson Everline Otieno speaking during the 25th AGM in Bondo town disclosed that the society has been resilient to weather the numerous trials and strived to offer the best services…
