Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
247 Saccos cut or skipped dividends after regulators directed them to retain earnings and strengthen capital reserves. The move aims to improve liquidity, protect members’ savings and support affordable lending despite strong sector growth. Regulated Saccos grew assets to Ksh727.1 billion, while the wider sector’s assets surpassed Ksh1.2 trillion in 2025. Kenya’s Savings and Credit…
Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…
Machakos Governor Wavinya Ndeti has reprimanded a section of leaders who have illegally acquired land earmarked for the construction of the Miwongoni Mega Dam and urged them to surrender the plots to genuine Sacco members for compensation. Speaking on Wednesday during her ongoing development tour of Machakos Town Sub‑county, the Governor alleged that a local…
Financial planning is a critical aspect of achieving long-term financial success for any serious individual, more particularly members of Savings and Credit Co-operatives (Saccos). However, even the best-intentioned plans can go astray if you make mistakes along the way. Here are some common mistakes that Sacco members should always learn to avoid in their financial…
Sheria Sacco chairperson Deputy Chief Justice (DCJ) Philomena Mwilu has asked Sacco members to shun taking huge loans which outstretched their budgets and took decades to settle them. “Avoid long term and high interest loans. It is not too late to save for your retirement” Mwilu noted. The DCJ, accompanied by Chief Registrar, Winfridah Boyani…
