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

Wetang’ula urges MPs to seal loopholes in cooperative laws to protect members’ savings

Sacco ReviewJune 13, 2026June 13, 202604 mins

National Assembly Speaker Moses Wetang’ula has called on Members of Parliament to urgently review Kenya’s cooperative laws and close loopholes that expose members’ savings to mismanagement and loss. Speaking during the launch of Shirikiana Sacco, Wetang’ula warned that weak governance systems continue to endanger resources in cooperative societies, stressing the need for stronger oversight and…

President Ruto to grace the launch of Shirikiana SACCO in Kakamega

Sacco ReviewJune 13, 202604 mins

President William Ruto will preside over the official launch of Shirikiana SACCO at Masinde Muliro University of Science and Technology (MMUST) in Kakamega County on Saturday, June 13, 2026. The event, hosted by Cabinet Secretary for Co‑operatives and MSMEs Development, Wycliffe Oparanya, marks a significant milestone in advancing financial inclusion and strengthening the cooperative movement…

Sacco leaders push for unified Cooperative movement to strengthen governance and investor confidence

Sacco ReviewJune 10, 202604 mins

Leaders in the Savings and Credit Cooperative (Sacco) sector are seeking to establish a unified cooperative movement aimed at enhancing governance, strengthening advocacy, and influencing policy discussions on agriculture, housing, and consumer affairs to improve the country’s economic well-being. The proposed movement is expected to address persistent management and governance challenges that have contributed to…

Cooperative leaders propose advisory council to strengthen governance and policy engagement

Sacco ReviewJune 7, 202604 mins

Leaders in Kenya’s cooperative movement are considering the establishment of an Economy Advisory Council of Chairpersons to enhance governance, coordination and policy engagement across the sector. The proposal was tabled during a two‑day meeting convened by the Cooperative Alliance of Kenya (CAK), which brought together chairpersons and vice‑chairpersons from savings and credit cooperatives (Saccos), as…

BlockCoop launches Kenya’s first blockchain‑powered SACCO

Sacco ReviewMay 1, 2026May 14, 202604 mins

BlockCoop SACCO, a newly established cooperative that integrates blockchain technology into savings and credit operations, has unveiled Kenya’s first blockchain‑powered cooperative, marking a historic milestone in the evolution of the country’s financial sector and reinforcing its position as a leader in innovation across Africa. The new model leverages blockchain technology to tackle long‑standing challenges in…

Co-op sector pushes for deposit guarantee fund and central liquidity to safeguard members’ savings

Sacco ReviewApril 24, 202604 mins

Cooperative Societies of Kenya Chief Executive Officer Daniel Marube has called for stronger safeguards to protect members’ savings, including the establishment of a deposit guarantee fund and enhanced regulatory powers for the Sacco Societies Regulatory Authority (SASRA). Speaking during the inaugural Regulatory Policy and Legal Roundtables for Specified Non‑Withdrawable Deposit‑Taking Saccos in Nakuru County, Marube…

Proposal to rebrand SACCOs into credit unions as part of co-op sector reforms

Sacco ReviewApril 10, 202604 mins

Kenya’s cooperative movement is staring at a historic transformation, with sector leaders deliberating over a proposal to rebrand SACCOs as credit unions, a move described as largely semantic but symbolically weighty in a country where SACCOs remain deeply embedded in the financial lives of millions. The discussions took place during the Leadership, Ethics and Strategic…

Why income from SACCO non-core activities should not be taxed

Sacco ReviewApril 9, 2026April 10, 202609 mins

A Professional Perspective from the Cooperative Movement Savings and Credit Cooperative Societies (SACCOs) have long been recognised as vital pillars in Kenya’s financial ecosystem. This is true to date. Under the Bottom-Up Economic Transformation Agenda (BETA), SACCOs are not merely financial intermediaries but grassroots economic engines that mobilise savings, deepen financial inclusion, and empower millions…

Oparanya takes over AMCCO leadership, pledges to elevate cooperative movement

Sacco ReviewOctober 13, 2025October 13, 202503 mins

Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Dr. Wycliffe Oparanya has officially assumed the role of Chair of the Africa Ministerial Cooperative Conference (AMCCO), pledging to champion regulatory reforms and elevate the cooperative movement across the continent over the next three years. Oparanya takes over from Major General Eng. Waleed Farouk…

Cooperative Movement in Africa honored at 2025 World Credit Union Conference

Sacco ReviewJuly 17, 202504 mins

The Cooperative Movement in Africa has been honored at the 2025 World Credit Union Conference where different officials were awarded. Amb. Emmanuel O. Darko, ACCOSCA Goodwill Ambassador and Former Chief Executive Officer of the Ghana Cooperative Credit Unions Association, awarded with the Prestigious 2025 Distinguished Service Award – the highest cooperative honor bestowed by World…