Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Stima Deposit Taking Savings and Credit Cooperative Organization (DT SACCO) has announced payment of members at a return of 11 per cent on deposits for the year ended December 2025. “The Board of Directors of Stima DT Sacco is pleased to announce the audited results for the year ended December 31, 2025 and recommend…
KUSCCO (Kenya Union of Savings and Credit Co-operative Society) Housing Unit, a subsidiary that was set up under the Union’s now cash-strapped Central Finance Fund(CFF), is under investigation by the Office of the Commissioner for Cooperative Development. The move follows the dramatic collapse of the giant Union, dragging along with its assets and financial investments…
Vision Africa DT Sacco will relocate its headquarters and branch operations to new premises along Oginga Odinga Avenue in Nakuru town after receiving the required regulatory approvals. The Sacco’s Board Chairman Ayub Maingi said the relocation has already been approved by relevant authorities, including the Occupational Safety and Health Authority (OSHA). The development was announced…
Hazina SACCO declared dividends at a rate of 17% and interest on deposits at 10.75% during the ADM, an increase from Ksh 1.4 billion in 2024 to Ksh 1.7 billion in 2025. Membership also grew by 8.5%, from 32,518 in 2024 to 35,289 during the year, reflecting strong alignment with the Strategic Plan 2023-2027. This…
Kenya’s Savings and Credit Cooperative Societies (SACCOs) remain one of the most trusted institutions for teachers, civil servants, and professionals to grow their savings. Beyond offering convenient loan products and secure savings accounts, SACCOs reward members through dividends on share capital and interest on deposits. For teachers, who often depend on structured incomes and disciplined…
The State-appointed team has opposed trading of Savings and Credit Cooperative Organization (SACCO) shares between members or on the National Securities Exchange (NSE), warning that the practice compromises the spirit of ownership and long-term participation. This comes on the back of a push by NSE for listing of Saccos on the stock market to boost…
The government is planning to establish a new regulatory authority to safeguard billions of shillings in non-Sacco cooperatives, a move aimed at addressing critical oversight gaps that have left thousands of Kenyans, especially farmers, vulnerable to financial loss. This was revealed by the Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe…
Sacco Societies Regulatory Authority (SASRA) has released the Quarterly Statistical and Soundness Report for the period October to December 2025, providing a comprehensive overview of the performance, growth and financial stability of Regulated SACCOs in Kenya The report indicated that by December 2025, total assets of regulated SACCOs had grown to Ksh 1.21 trillion, up…
The Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Wycliffe Oparanya has raised concern over growing financial mismanagement within savings and credit co-operative societies (SACCOs), warning that some institutions are pressuring the ministry to allow them to declare interest on deposits and dividends without adequate revenues or cash flows to support the…
The Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya has warned that dormant and non-compliant SACCOs face deregistration and liquidation in accordance with the law. Speaking during the opening of the 11th Annual SACCO Leaders Convention organized by Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limitedd at the PrideInn Hotel…
