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

PS Kilemi refutes claims of diverting SACCO savings to infrastructure fund

Sacco ReviewJuly 6, 2026July 6, 202603 mins

The ministry will issue comprehensive response later in the day as Jimi Wanjigi’s warning over SACCO funds stirs public anxiety Cooperatives and MSMEs Development Principal Secretary (PS) Patrick Kilemi has dismissed claims that the government intends to divert members’ savings from Saccos to finance the national infrastructure fund. In a statement posted on his social…

MPs call for stronger protection for SACCOs savings as Amendment Bill comes under scrutiny

Sacco ReviewJuly 1, 202604 mins

Members of the National Assembly Departmental Committee on Trade, Industry and Cooperatives have called for the inclusion of stronger safeguards in the proposed Savings and Credit Cooperative Societies (SACCOs) legislation, saying the law should better protect members’ savings while promoting accountability and efficiency without imposing excessive bureaucratic requirements. The committee, chaired by Bernard Shinali, met…

Retired public servants call for release of withheld SACCO savings

Sacco ReviewJuly 12, 202505 mins

Hundreds of retired public servants are demanding urgent government action over delayed Sacco payments, some of which have remained unsettled since the early 1990s. The Retirees Benefits and Claims Welfare Association of Kenya (REBECLWAK) has formally written to the Ministry of Cooperatives, urging CS Wycliffe Oparanya to intervene. In a letter dated July 9, 2025,…