Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
For thousands of members of Metropolitan National Savings and Credit Co-operative Society (SACCO), the publication of Kenya Gazette Notice No. 8932 was more than a routine government announcement. It was a moment of relief, celebration, and renewed hope that their cries had finally reached the ears of regulators. Across Nairobi and its outskirts, members interviewed…
The government has launched a fresh inquiry into the operations of Metropolitan National Sacco, focusing on its by‑laws, financial status, and overall sustainability. The move was announced in a gazette notice dated June 15, 2026, by Commissioner for Co‑operative Development David Obonyo. The Sacco was declared technically insolvent in February 2025, after regulators flagged mismanaged…
The government has lifted its year‑long suspension on the registration of new Savings and Credit Cooperative Organisations (SACCOs), but applicants will now face stricter requirements aimed at strengthening governance and protecting members’ deposits. Speaking during the launch of preparations for this year’s International Co-operative Day celebrations, popularly known as Ushirika Day, Commissioner for Co‑operative Development…
The country’s Sacco umbrella body, Kenya Union of Savings and Credit Co-operative (KUSCCO), has warned the entities against declaring unrealistic dividend payouts in a bid to retain membership. Speaking during Imarika Sacco’s Annual Delegates Meeting (ADM) in early March at Travellers Beach Hotel in Mombasa, KUSCCO Acting Managing Director Arnold Munene noted that it is…
