Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The number of licensed Digital Credit Providers (DCPs) in Kenya rose to 126 as of July 2025, reflecting rapid growth in the digital lending sector following the implementation of stricter regulatory requirements by the Central Bank of Kenya (CBK). According to according to the Central Bank of Kenya’s Financial Sector Stability Report DCPs advanced KSh…
Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…
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…
A new report by the Central Bank of Kenya (CBK) has revealed that a majority of Kenyans borrowing small digital loans particularly those of Ksh 1,000 or less are defaulting, raising concerns over the sustainability and impact of digital credit in the country. The Kenya Financial Sector Stability Report released on September 2025, shows that…
Central Bank of Kenya (CBK) Governor Kamau Thugge has announced that in the next three months, commercial banks are expected to have transitioned to the new risk-based pricing models with new loans expected to be priced using the new framework beginning December 1, 2025. The model pegged on the Kenya Shilling Overnight Interbank Average (KESONIA),…
Food prices are expected to decline in the coming months despite a recent rise in inflation. This is according to the Central Bank of Kenya’s (CBK) latest agriculture survey, released in July 2025. The report shows that inflation edged up to 4.1 percent in July compared to the same period last year. However, the majority…
The Central Bank of Kenya (CBK) has launched a fresh infrastructure bond sale worth Ksh50 billion. In a statement released on Tuesday, August 19, the CBK announced that the funds will be raised through the reopening of two infrastructure bonds IFB1/2018/015 and IFB1/2022/019. The sale will run until Thursday, August 21, or until the target…
President William Ruto has announced the formation of a Multi-Agency Team on War against Corruption (MAT) to beef up the fight against graft. In a presidential proclamation issued today, Ruto said the team will operate under a whole-of-government approach, designed to foster synergy, coordination, and impactful interventions across various arms of government. MAT will be…
The Kenyan Shilling has stayed within a narrow range of about Ksh129 to the US dollar for more than 11 months. It has defied global economic turbulence and high debt obligations. The Central Bank of Kenya (CBK) attributes this stability to strong foreign exchange inflows, healthy reserves and prudent economic management. Governor of CBK, Kamau…
The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…
