Top News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

International Credit Union Day celebrated around the world

Sacco ReviewOctober 18, 202504 mins

Credit unions around the world, including in Kenya, have joined in celebrating the 77th International Credit Union (ICU) Day, marked annually on the third Thursday of October. This year’s theme, “Cooperation for a Prosperous World,” echoes the United Nations’ 2025 declaration of the International Year of Cooperatives, which carries the broader theme “Cooperatives Build a…

Oparanya takes over AMCCO leadership, pledges to elevate cooperative movement

Sacco ReviewOctober 13, 2025October 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Dr. Wycliffe Oparanya has officially assumed the role of Chair of the Africa Ministerial Cooperative Conference (AMCCO), pledging to champion regulatory reforms and elevate the cooperative movement across the continent over the next three years. Oparanya takes over from Major General Eng. Waleed Farouk…

SASRA sounds alarm over fake Saccos masquerading as genuine cooperatives

Sacco ReviewOctober 10, 2025011 mins

Sacco Societies Regulatory Authority (SASRA) has raised concern over the rise of unregulated, pyramid‑style entities masquerading as SACCOs, endangering the trust and work of the well-structured cooperatives. The SASRA said many, regulated SACCOs are safe havens: institutions that allow employees, informal sector workers, farmers, and diaspora Kenyans to pool savings, access loans, and build wealth,…

KUSCCO to auction Ksh1.7B properties in loan recovery drive

Sacco ReviewOctober 9, 202504 mins

The Kenya Union of Savings and Credit Cooperatives (Kuscco) has launched a massive recovery drive targeting Ksh1.7 billion worth of defaulted housing loans from 684 borrowers, in a renewed push to clean up its books and restore confidence in the cooperative sector. The auctions, scheduled for November 6, 14, and 28, will see houses and…

SASRA hosts Nigerian delegation to strengthen Sacco sector ties

Sacco ReviewOctober 9, 202507 mins

The Sacco Societies Regulatory Authority (SASRA) welcomed a high-level delegation from Nigeria recently, in a landmark event that underscored the growing collaboration between two of Africa’s economic powerhouses in the cooperative sector. Led by Senator Dr. Aliyu Sabi Abdullahi, CON, and Nigeria’s Minister of State for the Federal Ministry of Agriculture and Food Security, the…

SACCOs face liquidity constrain as employers withhold over Ksh 3B in non-remittances

Sacco ReviewOctober 9, 2025October 9, 202505 mins

Saccos are grappling with liquidity constrain as employers withhold over Ksh3 billion in non-remittances, the issue which has led to heavy loan defaults among employees. The heavy loan defaults have put the Saccos in a state of dilemma of whether to retain or abandon the check-off system for loan and savings deductions to remain stable….

KRA records Ksh 85.1Billion custom tax collection for September 2025

Sacco ReviewOctober 8, 202503 mins

Kenya Revenue Authority (KRA) has recorded another landmark achievement in customs tax collection, recording a historic monthly performance of Ksh 85.146 billion in September 2025. This represents the highest amount ever collected in a single month in the Authority’s history, surpassing the previous record of Ksh 82.554 billion set in January 2025. In September alone,…

Government orders KTDA to pay tea farmers Ksh2.7 Billion refund

Sacco ReviewOctober 8, 202504 mins

The government has directed the Kenya Tea Development Agency (KTDA) to release Ksh2.7 billion to tea farmers as part of their 2024–2025 bonus payments, following the recovery of funds previously held in two collapsed banks. In a letter addressed to KTDA Holdings Chief Executive Officer Wilson Muthaura, Principal Secretary in the State Department for Agriculture,…

Gov’t to launch Good Quality Milk certification programme to protect milk exports, boost quality

Sacco ReviewOctober 5, 202504 mins

The government will soon launch a Good Quality Milk certification programme to set clear benchmarks for hygiene and safety, a programme which will also protect milk exports and boost quality. This was revealed by the Agriculture Cabinet Secretary, Mutahi Kagwe who added that farmers who deliver high-quality milk will earn premium payments, while those supplying…

Sacco big borrowers using influence to seek unsecured loans, says Oparanya

Sacco ReviewOctober 3, 202503 mins

The Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya and Saccos Societies Regulatory Authority, SASRA have raised concern over growing exploitation of Kenya’s sacco sector by influential individuals securing massive unsecured loans by bypassing lending thresholds. CS Wycliffe Oparanya warned that prominent figures are infiltrating saccos with minimal savings yet leveraging their status to pressure officials…