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

Mega SACCO proposal sparks uproar as cooperative principles take centre stage

Sacco ReviewApril 6, 2026April 6, 202606 mins

A legislative proposal by Kikuyu Member of Parliament (MP) Kimani Ichung’wah to establish a “Mega Sacco” that would pool funds from existing Savings and Credit Cooperative Organizations (SACCOs) has ignited intense public debate, exposing deep tensions between state-driven financial consolidation and the foundational philosophy of the cooperative movement. At the heart of the proposal lies…

Table banking organisation to launch mega Sacco in Kilifi

Sacco ReviewNovember 26, 2025November 27, 202505 mins

Marembo Rainbow SILC Organization, an umbrella body for over 250 Savings and Internal Lending Communities (SILC) groups, has announced plans to establish a mega Sacco to serve table banking groups in Kilifi and Tana River Counties starting next year. Group President Mwabonje Mwangudza said the proposed Marembo Rainbow Sacco will offer low-interest loans to members…