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

SASRA flags Ksh3.49 Billion Non-Remittance crisis, warns of looming SACCO instability

Sacco ReviewSeptember 26, 202504 mins

The SACCO Societies Regulatory Authority (SASRA) has sounded the alarm over a deepening non-remittance crisis that threatens the financial stability of Kenya’s regulated SACCOs. In its SACCO Supervision Annual Report 2024, the regulator revealed that employer institutions, many of them government-linked have failed to remit over Ksh 3.49 billion in member deductions, up from Ksh…

Uasin Gishu Cooperatives to benefit from new agribusiness deal and county-led support

Sacco ReviewSeptember 24, 202503 mins

Uasin Gishu County is stepping up efforts to strengthen cooperative societies by forging strategic alliances with agribusiness firms and development partners. One such partnership is taking shape between Kuona Mbele Cooperative Society and agriBora, a leading player in agricultural innovation. The cooperative is set to lease its store to agriBora, with the revenue earmarked for…

Expert calls for efforts to preserve Lake Victoria’s ecosystem, warns of extinction

Sacco ReviewSeptember 19, 202504 mins

Maritime affairs expert and the Blue Economy advisor to Kisumu governor Anyang Nyong’o, Dr. Said Ali Matano has called for concerted efforts aimed at preserving Lake Victoria’s ecosystem. Matano also warned that the lake risk dying unless issues such as pollution, siltation and related activities are tackled early enough. Speaking at the just concluded ASCA…

SACCOs turn to internal hires to replace exiting top executives

Sacco ReviewAugust 23, 202508 mins

Savings and Credit Cooperative Societies (SACCOs) engaged in the deposit-taking business have maintained the trend of looking internally when seeking to replace retired senior executives. The most recent such top management change occurred at the Meru-based Solution Deposit-Taking SACCO, which saw its long-serving Chief Executive Officer, Daniel Kinyua Marete, retire from the business. His place…

New US tax on remittances to hit on Saccos

Sacco ReviewJuly 17, 2025August 8, 202503 mins

US President Donald J. Trump’s One Big Beautiful Bill Act which he signed into law on July 4 will have a major impact on Kenyans living abroad who have invested in Kenya, experts say. Part of the new act is about remittances, it details that anyone wiring funds out of the United States including U.S….

SACCOs go big on digital platforms to attract youth, boost visibility

Sacco ReviewJuly 3, 2025010 mins

Savings and Credit Cooperative Societies(SACCOs) have in recent months stepped up their digital marketing campaigns, running attractive TV advertisements, updating their websites to make them more interactive and going big on X, Facebook and other social media platforms. SACCOs are also investing huge sums of cash to spruce up their online presence. This is being…

SASRA urges Sacco to embrace modern technology and strict compliance for sustainable growth

Sacco ReviewJune 13, 2025June 13, 202506 mins

Manager of Market Conduct Supervision at the Sacco Societies Regulatory Authority (SASRA), Anne Kago has said the financial and Sacco sector is constantly evolving, and staying ahead of regulatory trends is key to growth and compliance. Addressing a gathering of Sacco leaders and financial experts, she broke down the latest regulatory shifts shaping the industry,…

Unpacking the Cooperative Bill 2024: A new era for Kenya’s Cooperative sector

Sacco ReviewMay 29, 2025011 mins

As Kenya strides into a transformative phase of its economic landscape, the Cooperative Bill 2024 has emerged as a pivotal piece of legislation poised to reshape the country’s cooperative sector. The law before the Senate comes amid a backdrop of economic challenges and calls for reform. This bill promises to modernize governance, enhance accountability, and…

Former KUSCO directors fight directive of removal from Saccos office

Sacco ReviewApril 22, 2025April 22, 202503 mins

Kenya Union of Savings and Credit Cooperatives (KUSCCO) former directors who were removed from office are now fighting a directive for their removal from positions they hold in their respective Saccos. The former directors who are now directors and executives in various Sacco were removed from KUSCCO office after disbandment of the KUSCCO board by…

DP decries the slow construction of the Aquaculture and Fisheries centre

Sacco ReviewApril 18, 202505 mins

Deputy President Prof. Kithure Kindiki has expressed concerns over the delay of Sh1.3 billion Kabonyo Kanyagwal Aquaculture and Fisheries Centre in Nyando sub-county, Kisumu County, saying it might not meet its set timelines. The DP said the multi-billion-shilling initiative, which is currently 15% complete should now be jumpstarted, calling on the contractors on site to…