Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos need technology to meet changing member expectations. Digital systems can improve convenience, transparency and efficiency. Saccos should balance innovation with security and human support. Technology is changing how people save, borrow, invest and manage their money. For Savings and Credit Co-operative Organisations (Saccos), embracing this change is no longer optional. It is now an…
Cooperatives urged to embrace technology and strengthen governance. Leaders warned to improve risk management following KUSCCO’s liquidation. Tax gaps, cybersecurity and climate change emerge as key concerns. Cooperative societies have been urged to embrace technology, strengthen governance and continuously improve their skills to remain competitive in a rapidly changing business environment. Institute of Directors Kenya…
Government systems face stronger cybersecurity safeguards. Stakeholders are testing new risk assessment tools. Framework gaps are being addressed before certification. Kenya is stepping up efforts to protect government digital systems and Critical Information Infrastructure (CII) from cybersecurity threats that could disrupt essential services, compromise sensitive information and undermine confidence in the country’s rapidly expanding digital…
KUSCCO and SITPA will host the inaugural Sacco ICT Summit 2026 in Mombasa from August 24 to 28. The summit will focus on digital transformation, ICT governance, cybersecurity and technology procurement in the Sacco sector. Participants will develop standards for vendor vetting, ICT talent recruitment and protection of Sacco member data. The Kenya Union of…
Kenya’s expanding digital economy is increasing exposure to cyber threats, with experts warning that cybercrime is becoming a major national security and economic risk. Rising threats include DDoS attacks, mobile money fraud, phishing, ransomware and identity theft targeting businesses, government agencies and the public. Experts say stronger cybersecurity will require investment in skills, digital infrastructure,…
Kenya’s second largest Savings and Credit Co-operative (SACCO) and second-largest in Africa in asset base, Stima DT SACCO Society Limited, posted impressive financial results for the year ending December 31, 2025 after it recorded an increase in revenue by 4.9% from Ksh10.3 billion in 2024 to Ksh10.8 billion in 2025, even as its total assets…
The rush by Saccos to embrace mobile and internet banking as a replacement for the brick and mortar branches is proving to be a weak link in the fight against fraud in Saccos. A recently released SASRA report covering 2021 and 2022 shows that rogue Sacco staff are breaching internal systems and riding on mobile…
In recent years, Kenya’s Savings and Credit Cooperatives (Saccos) have undergone a revolutionary transformation, thanks to the advent of internet banking. This technological leap has not only modernized financial services but has also brought about a myriad of benefits for Saccos. Traditionally, Sacco members had to navigate long queues within limited operating hours to access…
Surestep Systems and Solutions Ltd has addressed the ongoing Njiwa Sacco fraud case. Through a press release dated September 23, 2023, the company stated that it believes it is essential to clarify that the matter dates back to 2018 and is not a recent occurrence. Since the inception of this case, Surestep has been unwavering…
The recently released data by SASRA has revealed that most Saccos adopted the use of ICT in offering financial services to their members. The data revealed that the technological channels used include Sacco agencies, ATMs or mobile money transfer. According to SASRA, the new norm is replacing the clamour for brick and-mortar physical branches which…
