members’ savings - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

SACCOs reject claims State can dictate investment of members’ savings

Sacco ReviewJuly 14, 202604 mins

SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…

President Ruto set to sign new Cooperatives Bill into law within one month

Sacco ReviewJuly 5, 202605 mins

The proposed law will enhance transparency, improve accountability and embrace digital technology to make cooperatives more efficient and responsive to members’ needs. The Bill, together with ongoing sector reforms will strengthen public confidence by promoting sound governance and safeguarding members’ deposits President William Ruto is expected to sign the new Cooperative Bill into law within…

Gov’t pledges cooperative reforms to safeguard members’ savings, strengthen transparency

Sacco ReviewJune 21, 202604 mins

The government has assured cooperative members that ongoing reforms in the sector are designed to modernise laws, align operations with the Constitution, curb corruption, enforce leadership term limits, and introduce stricter thresholds to protect members’ savings. Speaking during the official opening of Unaitas Sacco Society’s 34th branch in Nyahururu, Laikipia County, Dolphine Aremo, Director for…

Wetang’ula urges MPs to seal loopholes in cooperative laws to protect members’ savings

Sacco ReviewJune 13, 2026June 13, 202604 mins

National Assembly Speaker Moses Wetang’ula has called on Members of Parliament to urgently review Kenya’s cooperative laws and close loopholes that expose members’ savings to mismanagement and loss. Speaking during the launch of Shirikiana Sacco, Wetang’ula warned that weak governance systems continue to endanger resources in cooperative societies, stressing the need for stronger oversight and…

NSSF issues guidelines for families to access deceased members’ savings

Sacco ReviewJune 12, 202602 mins

The National Social Security Fund (NSSF) has released clear guidelines for beneficiaries seeking to retrieve savings belonging to deceased family members, following public inquiries on how to access such funds. According to the Fund, claimants are required to visit the nearest NSSF office with the original death certificate of the deceased, a copy of the…

Government intensifies SACCO reforms as Oparanya defends recovery efforts at KUSCCO and Metropolitan SACCO

Sacco ReviewMay 15, 202606 mins

Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya has assured the Senate that the Government is accelerating reforms in the Savings and Credit Cooperative (SACCO) sector in a bid to strengthen governance, safeguard members’ savings, and restore public confidence in cooperative financial institutions. Appearing before the Senate Standing Committee on Trade, Industrialisation, and Tourism,…