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

Kenya’s SACCO sector surges past Ksh 1 trillion, CS Oparanya reveals

Sacco ReviewSeptember 25, 202507 mins

In a resounding affirmation of the cooperative movement’s vitality, Kenya’s Savings and Credit Cooperative Organizations (SACCOs) have shattered the Ksh 1 trillion barrier in total assets, cementing their status as a cornerstone of the nation’s financial ecosystem. The landmark achievement was unveiled by Cabinet Secretary for Cooperatives and Micro, Small, and Medium Enterprises (MSMEs), Wycliffe…

CS Kagwe launches Orthodox Tea Trading Window to boost export and production

Sacco ReviewSeptember 24, 202505 mins

Agriculture and Livestock Development Cabinet Secretary, (CS)Mutahi Kagwe has officially launched the Orthodox Tea Trading Window at the Mombasa Tea Auction, signifying the Government’s commitment to enhancing the production and export of specialty teas. The 2,925 packages, which are equivalent to 91,798 kilos of Orthodox tea is the first of many that will see tea…

CBK orders Banks and SACCOs to comply with new cyber security guidelines

Sacco ReviewSeptember 22, 202504 mins

The Central Bank of Kenya (CBK) has ordered banks and Savings And Credit Cooperative Organisations (SACCOs) to comply with new guidelines on cyber security that mandate stricter protection for financial systems in order to protect themselves against cyber insecurities. To support this, the CBK has established the Banking Sector Cybersecurity Operations Centre (BS-SOC), a hub…

KETSA calls for AI integration into SACCO operations for stronger digital governance

Sacco ReviewSeptember 19, 202508 mins

The Kenya Teachers’ Sacco Association (KETSA) has called the integration of Artificial Intelligence, (AI) into Sacco operations to strengthen digital governance and simplifies services. Speaking during the sixth annual CEO workshop in Mombasa, the forum’s Chair Joyce Ndegwa highlighted the urgency of adapting to technological shifts, strengthening Sacco member services, and innovative collaboration within the…

SASRA releases new policy to address Sacco members’ complaints

Sacco ReviewSeptember 14, 2025010 mins

The Sacco Societies Regulatory Authority (SASRA) released a new Model Complaints Handling Policy for regulated Saccos to strengthen the complaints management framework within the sector, ensuring alignment with best practices and regulatory requirements. According to SASRA the policy will provide a standardized and adaptable approach for Saccos to address member complaints effectively, transparently, and fairly….

Gov’t to buy maize directly from farmers for NSFR restocking as bumper harvest looms

Sacco ReviewSeptember 13, 202504 mins

The government will directly purchase maize from farmers to restock the National Strategic Food Reserve, (NSFR) to secure the national food security and stabilize the market. Speaking on September 11, during the official opening of the 2025 A.S.K. Central Kenya National Show at Kabiruini Showgrounds in Nyeri, Agriculture and Livestock Development Cabinet Secretary Mutahi Kagwe…

SACCOs advised to adopt sustainable reporting to tackle climate, build trust

Sacco ReviewSeptember 11, 202505 mins

Savings and Credit Cooperative Organizations (SACCOs) have been advised to adopt sustainable reporting as part of efforts to strengthen climate risk management, improve transparency, and enhance customer confidence. Speaking during the opening of one week forum on audit, governance, and risk management for cooperatives at Voi yesterday, the Cooperative Alliance of Kenya (CAK) Chief Executive…

Kagwe encourages global investors to package tea in Kenya for market appeal

Sacco ReviewSeptember 11, 202504 mins

Agriculture Cabinet Secretary Mutahi Kagwe has called on global investors to package tea in Kenya for export to guarantee a higher value for their clientele. Speaking at the North America Tea Conference in South Carolina, Kagwe heaped praise on the Kenyan government for expunging taxes on packaging materials for agricultural products, hence making it affordable….

Banks now prefer automation over upskilling, says KPMG Report

Sacco ReviewSeptember 11, 202505 mins

A new report by global advisory firm KPMG has revealed that banks across the world are prioritizing automation and digitization over up skilling their staff as they seek to cut costs and boost profits. According to the report, 38% of banks are focusing on automating processes, while 37% are digitising key functions to improve profitability….

Why Kenyans still prefer SACCO to Bank Loans

Sacco ReviewSeptember 8, 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 serious players in the lending business and Kenya’s financial sector? “This trend to lower…