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SACCOs face challenges in partnering with housing cooperatives amid regulatory restrictions

Sacco ReviewNovember 24, 202505 mins

The Sacco Societies Regulatory Authority (SASRA), in partnership with the Kenya Mortgage Refinance Company (KMRC) and FSD Kenya comprehensive market study on the role of SACCOs in affordable housing finance has revealed that many Savings and Credit Cooperative Societies (SACCOs) are increasingly separating their operations from affiliated housing cooperatives. This shift is largely in response…

SACCO usage rises from 9.6% in 2021 to 11.7% in 2024, FinAccess Surveys

Sacco ReviewNovember 24, 202506 mins

SACCO membership and usage in Kenya continue to grow, with the latest 2024 FinAccess Household Survey (SACCO Sub-Sector Report) showing an increase from 9.6 percent in 2021 to 11.7 percent in 2024. The growth is attributed to more households joining SACCOs that offered relatively affordable loans during the high-interest-rate period. The FinAccess Surveys also highlighted…

Global economic slowdown, rising trade tensions pose risks to financial stability, CBK Report

Sacco ReviewNovember 21, 202506 mins

The global economy is expected to slow in 2025, expanding between 2.8% and 3.0%, down from 3.3% in 2024, according to the Central Bank of Kenya’s Financial Sector Stability Report. The projected deceleration comes despite inflation returning to target levels, with the CBK citing escalating trade tensions, protectionist policies, and heightened policy uncertainty as key…

SASRA Acting Chief Executive Officer, David Sandagi,

SASRA CEO underscores key sector reforms at Cooperative Stakeholders’ Forum

Sacco ReviewNovember 21, 202503 mins

The Sacco Societies Regulatory Authority (SASRA) Chief Executive Officer, David Sandagi, has outlined major reforms aimed at strengthening Kenya’s cooperative sector during a high-level panel discussion at the 4th Annual Cooperative Movement Stakeholders’ Forum held at Lake Naivasha Resort. The forum, themed “Shaping the Future of Co-operatives: Leadership, Innovation and Sustainable Growth,” brought together cooperative…

CS Oparanya calls for merger of small SACCOs to boost their competitiveness

Sacco ReviewNovember 21, 202507 mins

The Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya has called for the merger of small Savings and Credit Cooperative Organizations (SACCOs) as part of boosting their competitiveness both locally and internationally. Spaeking during the 4th annual Cabinet Secretary’s Cooperative Movement Stakeholders’ Forum, CS Oparanya said that small cooperatives cannot endure local and global emerging competitive…

Stakeholders call for stronger laws to protect farmers against counterfeit farm pesticides

Sacco ReviewNovember 20, 2025012 mins

Agrochemical companies and the Pest Control Products Board (PCPB), with other agencies have called for stronger laws to protect farmers against illegal pest control products in the country. Speaking during the campaign run to sensitized farmers on the safe use of legal pesticides, the stakeholders underscored that using illegal pest control products not only harms…

Over 100 Uasin Gishu MSMEs informed on business support opportunities

Sacco ReviewNovember 19, 202506 mins

Over 100 Micro and Small Enterprises entrepreneurs from Turbo Sub County, Uasin Gishu have been trained on business policies so as to empower them with knowledge on existing regulations and support services. The program manned by the Micro and Small Enterprises Authority (MSEA) aims to foster a more informed, compliant, and competitive MSME ecosystem in…

Cooperatives urged to expand credit provision to members to enhance capital retention

Sacco ReviewNovember 19, 202507 mins

Cooperatives have been asked to expand credit provision to members and fast-track strategies to enhance capital retention to enable them be productive. Director-In-Charge of the Cooperative Banking Division at the Cooperative Bank of Kenya, Vincent Marangu said the loan provision to members in the Sacco subsector currently stands at between 10 per cent and 11…

President Ruto reaffirms Kenya’s commitment to MSME growth

Sacco ReviewNovember 13, 202505 mins

President William Ruto has reaffirmed Kenya’s commitment to strengthening micro, small and medium enterprises (MSMEs) as a key driver of economic transformation and regional integration. Speaking on Tuesday during the official opening of the 25th East African Community (EAC) MSME Trade Fair at Uhuru Gardens, Nairobi, President Ruto said the MSME sector remains the “engine…

CS Oparanya urges Lake Region Counties to strengthen cooperative structures, embrace reforms

Sacco ReviewNovember 13, 202508 mins

Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development Cabinet Secretary (CS) Wycliffe Oparanya has urged counties in the Lake Region Economic Bloc (LREB) to strengthen cooperative structures and embrace digital systems to tap the resources available for development. He also called on them to jointly pursue financial reforms to unlock regional economic potential ahead…