SASRA Chief Executive Officer David Sandagi speaks during a past event.- PHOTO| Courtesy

Sacco sector assets hit Ksh1.278 T by August 2026

Regulated Saccos continued to expand their financial footprint in 2026 Members borrowed billions for housing, education and agricultural activities Digital services are widening access as Saccos face challenges over unremitted deductions Kenya’s regulated Saccos grew total assets to Ksh1.278 trillion by August 31, 2026, underscoring their growing role in financial inclusion. The regulated Sacco sector…

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George Ombado, Executive Director of the African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) (left), and Botswana’s High Commissioner to Kenya, Ambassador Dr Andrew Onalenna Sesinyi (right), during a meeting at the ACCOSCA Academy in Nairobi. PHOTO| Courtesy

ACCOSCA seeks deeper cooperative ties with Botswana

ACCOSCA seeks stronger cooperative partnerships with Botswana Botswana officials held talks with ACCOSCA leaders in Nairobi The engagement targets financial inclusion and sustainable cooperative growth The African Confederation of Co-operative Savings and Credit Associations (ACCOSCA) is seeking to deepen its partnership with Botswana as part of efforts to strengthen cooperative development and financial inclusion across…

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Senator Issac Mwaura Speaking during the stakeholders breakfast meeting in Kenya Institute of Special Education (KISE) Nairobi.- PHOTO| courtesy

Uwezo Fund CEO calls for partnerships to aid persons with disabilities

Uwezo Fund calls for stronger partnerships to support persons with disabilities Stakeholders push for improved access to finance and economic opportunities Meeting highlights the need to turn inclusion policies into practical action Uwezo Fund Chief Executive Officer Peter Lengapiani has called for stronger partnerships among government, the private sector and development partners to expand access…

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PS State Department For MSMEs Development Susan Mang'eni speaking during a meeting with stakeholders PHOTO| Courtesy

Stakeholders push for reform of MSME financing ecosystem

Stakeholders want financing solutions tailored to different MSME needs The forum examined ways to reduce lending risks and widen access to capital Recommendations will shape upcoming discussions on MSME financing and growth Stakeholders have called for a re-engineering of Kenya’s Micro, Small and Medium Enterprises (MSMEs) financing ecosystem to increase access to capital, reduce investment…

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Why Saccos must embrace technology to stay relevant

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…

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SASRA CEO David Sandagi speaks during the 3rd National Credit Market Convention, where he highlighted the role of Saccos in building trust in Kenya’s credit market. PHOTO| Courtesy

Sandagi highlights Saccos’ role in building credit market trust

Sandagi highlights Saccos’ role in building trust in Kenya’s credit market Peer guarantorship helps members access formal financial services Regulated Saccos now serve 7.87 million members with Ksh1.21 trillion in assets The Sacco Societies Regulatory Authority (SASRA) has highlighted the growing role of Savings and Credit Cooperative Societies (Saccos) in promoting financial inclusion and strengthening…

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Kericho County Executive Committee Member for Agriculture, Livestock and Fisheries John Cheruiyot./ Courtesy

Kericho farmers urged to join Saccos, adopt digital tools

Kericho farmers urged to join Saccos and embrace digital services. Saccos are pushing automation, integration and stronger cybersecurity. Farmers can access financing for tractors and agricultural equipment. Farmers in Kericho County have been encouraged to join savings and credit cooperative societies (Saccos) and take up digital financial services, as stakeholders push for greater access to…

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Wycliffe Oparanya speaks to residents during the Shirikiana Sacco sensitisation meeting at Kipsenoi SDA Church in Bungoma County./ Courtesy

Oparanya leads Shirikiana Sacco drive in Bungoma

Oparanya leads Shirikiana Sacco sensitisation drive in Bungoma. Sacco targets savings, affordable credit and household financial resilience. Farmers and small businesses are set to benefit from new financial services. Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Cabinet Secretary Wycliffe Oparanya has led a sensitisation campaign for Shirikiana Sacco in Bungoma County, as part of…

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Sheria DT Sacco trains staff on Islamic finance

Sheria DT Sacco is strengthening its capacity to offer Shariah-compliant financial solutions following an Islamic finance training workshop for its staff. The capacity-building programme, facilitated by BTI College, focused on equipping employees with knowledge of Islamic finance principles and their application in delivering financial products tailored to members with diverse needs. READ: KETSA to host…

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Patrick Kilemi (center), PS for Cooperatives during discussions on the current status and strategic direction of Sacco Central Kenya

SACCO Central Kenya urged to strengthen financial resilience

SCK is being urged to strengthen resilience amid rising competition. Government wants greater innovation and efficiency across Saccos. The push aims to protect members while expanding financial inclusion. SACCO Central Kenya (SCK) has been challenged to strengthen its financial resilience, improve shared services and embrace innovation to remain competitive as Kenya’s cooperative financial sector undergoes…

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