Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Ports DT Sacco grew total assets by 17.5 per cent to Ksh12.4 billion in 2025. Active membership increased by 26.6 per cent, driven by recruitment and retention efforts. Members received a 20 per cent dividend on share capital and 12.5 per cent interest on deposits. There is a certain poetry in the fact that Ports…
Kenya’s cooperative movement is widely celebrated as one of Africa’s greatest development success stories. Cooperative societies have transformed livelihoods through savings and credit, agricultural marketing, housing, transport, dairy, fisheries and manufacturing. Yet beneath these achievements lies a challenge that receives little public attention but has profound consequences for millions of members: silo competition, where officers…
Boresha Sacco appoints Philemon Chebii acting CEO as Jacob Mengich retires. Chebii, a over 20-year Boresha Sacco veteran, takes over as acting CEO. Board names Philemon Chebii acting CEO pending substantive appointment Boresha Sacco has appointed Philemon Chebii as the Acting Chief Executive Officer (CEO) following the retirement of Jacob Mengich who has been holding…
Ksh950 billion of Sacco assets already lent to members Saccos say Ksh1.2 trillion assets are not idle cash Sector clarifies loans account for nearly 80 per cent of Sacco assets Kenya’s Sacco sector has clarified that its Ksh1.2 trillion asset base does not represent cash held in bank accounts, noting that nearly 80 per cent…
SACCO leaders have been urged to uphold transparency and accountability to strengthen member trust and growth. Youth have been encouraged to join Saccos, while leaders were warned against corruption. Kisumu County is developing a new cooperative policy to boost the sector’s competitiveness. Sacco leaders have been urged to be transparent and accountable since building trust…
Xavier Lugaga urges Parliament to ensure the Sacco Societies (Amendment) Bill, 2025 strengthens governance without undermining member ownership and democratic control of SACCOs. A movement built by its members When Kenya’s economic history is written, the cooperative movement will earn a special chapter. Few institutions have empowered ordinary wananchi like Savings and Credit Cooperative Societies…
The National Assembly has dismissed what it called widespread misinformation surrounding the proposed Sacco Societies (Amendment) Bill, 2025, saying claims that the legislation would create a government controlled “super Sacco” or hand the President power over Sacco leadership are false. In a public statement, the Assembly said the Bill, which seeks to amend the Sacco…
Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…
Meru County has been hailed as a national role model in the cooperative movement, with Cooperatives and and Micro, Small & Medium Enterprises (MSMEs) Development, Principal Secretary Patrick Kiburi Kilemi praising the region’s leadership for milestones achieved in strengthening societies and empowering communities. Speaking at Kaaga Methodist Church grounds during Meru’s Ushirika Day celebrations, Kilemi…
Kenyans have been urged to safeguard the growth of cooperative movements by electing credible leaders capable of championing farmers’ welfare at both the national and local levels. The call was made by Gideon Kimathi, Head of Protocol in the Office of the Deputy President, during the Meru Ushirika Day celebrations held at Kaaga Methodist Church…
