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

Kenya grants ACCOSCA diplomatic status in landmark deal

Sacco ReviewAugust 14, 202603 mins

Kenya has granted ACCOSCA diplomatic status through a new Host Country Agreement. The agreement was signed by Prime Cabinet Secretary Musalia Mudavadi and ACCOSCA Head of Mission George Ombado. The status is expected to strengthen ACCOSCA’s operations and its role in promoting the Sacco movement across Africa. The Government of Kenya has signed a Host…

Ombado re-elected ACCOSCA Executive Director for second term

Sacco ReviewAugust 6, 2026August 6, 202604 mins

George Ombado has been re-elected ACCOSCA Executive Director for a second three year term. CAK said the re election reflects confidence in his leadership of Africa’s cooperative sector. Ombado will continue leading efforts to expand financial inclusion through Saccos across Africa. George Ombado has been re-elected Executive Director of the African Confederation of Cooperative Savings…

Ports Sacco opens Malaba branch to boost savings culture

Sacco ReviewAugust 3, 202608 mins

Ports Sacco opens Malaba branch to expand financial services and promote a savings culture in Busia County. Branch attracts 800 members shortly after launch, with leaders targeting 5,000 as cooperative savings gain traction. Sacco surpasses Ksh12bn in assets and offers loans, competitive dividends and insurance to support members’ financial growth Teso North Member of Parliament…

Malindi Handcraft Co-op turnover hits Ksh44.9 million

Sacco ReviewJuly 29, 2026July 29, 202605 mins

Malindi Handcraft Cooperative Society’s turnover nearly doubled to Ksh 44.99 million in 2025 from Ksh 24.52 million in 2024. The society, founded in 1986 by 30 members, reported higher assets and share capital, and plans to recruit more members to strengthen its capital base. Chairman Cosmas Kyalo cited poor marketing during low tourist seasons and…

Ports DT Sacco assets grow to Ksh12.4B, membership rises 26.6 per cent

Sacco ReviewJuly 24, 2026July 24, 202605 mins

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…

Silo competition among cooperative officers is hurting Kenya’s cooperative movement

Sacco ReviewJuly 22, 2026010 mins

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

Sacco ReviewJuly 15, 2026July 15, 202603 mins

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…

Saccos clarify Ksh1.2 trillion assets are largely tied up in member loans

Sacco ReviewJuly 15, 202604 mins

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…

Chairman of the Kisumu County Ushirika Council addressing stakeholders. Photo: Courtesy

SACCO leaders urged to embrace transparency and youth inclusion

Sacco ReviewJuly 14, 202604 mins

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…

Why Parliament must safeguard member-owned SACCOs

Sacco ReviewJuly 11, 202607 mins

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…