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

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 202606 mins

Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…

Gov’t moves to reform SACCO sector amid push for growth and trust

Sacco ReviewApril 23, 202604 mins

The government has stepped up efforts to reform Kenya’s cooperative movement, with Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya leading a renewed push for structural changes aimed at strengthening the sector. Oparanya said the proposed reforms are designed to make Savings and Credit Cooperative Organizations (SACCOs) more self-sustaining while safeguarding members’ savings. Central to…

Shirika DT Sacco among Saccos with affordable credit

Sacco ReviewApril 18, 2026April 19, 202604 mins

Shirika DT Sacco Society Limited has continued to position itself as a key player in providing accessible and affordable credit, offering some of the most competitive loan products in the SACCO sector. The cooperative is recognized for its low interest rates, minimal processing fees, and flexible repayment periods, making it an attractive option for members…

KUSCCO led by MD Arnold Munene at the National Treasury to advocate for the interests of SACCOs as part of the 2026 2027 National Budget preparations.

KUSCCO presents key recommendations for 2026/27 National Budget

Sacco ReviewMarch 26, 202603 mins

Kenya Union of Savings and Credit Cooperatives (KUSCCO) led by Group Managing Director Arnold Munene, has appeared before the National Treasury to advocate for the interests of the SACCO sector as part of the 2026/2027 National Budget preparations. In a significant move for Kenya’s SACCO movement, KUSCCO delivered submissions at the National Treasury Building in…

Experts warn of major risks in Kenya’s SACCO sector, call for urgent reforms

Sacco ReviewMarch 25, 202608 mins

A high-level Committee of Experts has warned that serious governance, regulatory and structural weaknesses are threatening the stability of Kenya’s Savings and Credit Co-operatives (SACCOs) sector, calling for sweeping reforms to protect members’ savings and restore confidence in the cooperative movement. The concerns are contained in the Report on the Transformation of the SACCO System…

Cooperative PS seeks USA alliances to revolutionise Sacco Sector at 2026 GAC conference

Sacco ReviewMarch 5, 202604 mins

The Principal Secretary (PS) for the State Department for Cooperatives Patrick Kilemi who led a high-powered African delegation at the 2026 Governmental Affairs Conference (GAC 2026), has continued to seek the United State of America USA alliances with credit union leaders to broker reforms that could redefine Kenya’s savings and Credit Cooperative Organizations (SACCOs). Addressing…

Oparanya: No room for weak governance as SACCO sector expands

Sacco ReviewJanuary 30, 2026January 30, 202605 mins

Cabinet Secretary for Cooperatives and MSMEs Wycliffe Ambetsa Oparanya has warned that there is “no room for weak governance” in Kenya’s SACCO sector as rapid membership growth and rising loan demand increase the responsibility placed on cooperative institutions. Oparanya spoke in Mombasa during the 2026 Annual Delegates Congress (ADC) training for the Kenya National Police…

SACCO assets surge past KSh 1.16 trillion as risky lending outpaces member savings

Sacco ReviewDecember 15, 202505 mins

The SACCO sector is recording strong growth, but the expansion is increasingly being driven by aggressive lending rather than fresh savings, even as bad loans remain stubbornly high. New data from the sector show that while assets and credit are rising at a double‑digit pace, the quality and structure of that growth are tightening pressure…