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

Kajiado scrap metal dealers to form Sacco in push for business growth

Sacco ReviewMay 16, 2026May 18, 202604 mins

Scrap metal traders in Kajiado County under Ecosteel association are set to establish a Savings and Credit Cooperative Society (Sacco) aimed at empowering members and strengthening the sector through improved access to financing, training, and business support. The initiative will be implemented in partnership with the Equity Group Foundation as part of efforts to formalize…

Sacco leaders push Parliament for sector reforms in new cooperative bill

Sacco ReviewMay 14, 202608 mins

Leaders in Kenya’s cooperative movement have intensified pressure on Parliament to amend the proposed Sacco Societies (Amendment) Bill, warning that several clauses risk diluting the identity and operational independence of Savings and Credit Cooperative Organisations (SACCOs). The Co-operative Alliance of Kenya (CAK), the umbrella body representing the country’s cooperative sector, tabled a detailed memorandum before…

Cotton farmers in Magarini urged to form SACCOs to improve livelihoods

Sacco ReviewApril 30, 2026April 30, 202603 mins

Cotton farmers in Magarini Sub-County, Kilifi County, have been urged to form Savings and Credit Cooperative Organizations (SACCOs) and invest strategically to improve their living standards. Speaking to Sacco Review in his office in Marafa Town, Magarini Sub-County Cooperative Officer, Edward Fondo, noted that many cotton farmers in the area have yet to form Saccos….

Kenya tightens lending rules in sweeping credit sector overhaul

Sacco ReviewApril 22, 202606 mins

Kenya’s financial sector is set for a significant transformation as regulators introduce a framework aimed at reshaping how banks, fintech firms, and Savings and Credit Cooperatives (SACCOs) assess and issue loans. The proposed reforms seek to tighten lending standards, curb rising household debt, and introduce structured support mechanisms for borrowers struggling with repayments. Shift in…

Do I really need the sacco this year?

Sacco ReviewApril 17, 2026April 17, 2026011 mins

Every new year every sober citizen will get time to plan their year, in form of new year resolution. He/she will need to analyse their past year and answer very contentious questions to help them come up and classify their new year’s needs. Every serious co-operator will be wondering if they need to maintain their…

Why income from SACCO non-core activities should not be taxed

Sacco ReviewApril 9, 2026April 10, 202609 mins

A Professional Perspective from the Cooperative Movement Savings and Credit Cooperative Societies (SACCOs) have long been recognised as vital pillars in Kenya’s financial ecosystem. This is true to date. Under the Bottom-Up Economic Transformation Agenda (BETA), SACCOs are not merely financial intermediaries but grassroots economic engines that mobilise savings, deepen financial inclusion, and empower millions…

Stima SACCO assets hit Ksh75.3 Billion, post Ksh10.8 Billion revenue

Sacco ReviewApril 7, 202609 mins

Kenya’s second largest Savings and Credit Co-operative (SACCO) and second-largest in Africa in asset base, Stima DT SACCO Society Limited, posted impressive financial results for the year ending December 31, 2025 after it recorded an increase in revenue by 4.9% from Ksh10.3 billion in 2024 to Ksh10.8 billion in 2025, even as its total assets…

KUSCCO to host 8th Eastern regional bloc SACCO stakeholders’ forum in Mombasa

Sacco ReviewMarch 30, 202603 mins

Kenya Union of Savings and Credit Co-operatives (KUSCCO) in collaboration with African Confederation of Co-operative Savings and Credit Associations (ACCOSCA), is set to host the 8th Eastern Regional Bloc Forum, a key event for SACCO stakeholders in the region. The forum, which is scheduled to take place from April 15th to 17th, 2026, at the…

Liquidation: The silent destroyer of Cooperative dreams

Sacco ReviewMarch 30, 202606 mins

For many Kenyans, especially in rural and peri-urban areas, cooperative societies are more than just financial institutions—they are lifelines. They represent hope, collective strength, and a pathway to economic empowerment. Yet, when liquidation strikes, it often leaves behind a trail of broken dreams, financial loss, and shattered trust. Liquidation, the formal process of closing an…

Why experts recommend deposit insurance to protect Sacco members billions

Sacco ReviewMarch 24, 2026012 mins

For millions of Kenyans, Savings and Credit Cooperative Organisations (SACCOs) are trusted financial lifelines workforce borrow loans and plan their futures. Loans from SACCOs usually have lower interest rates than banks, mobile lenders, or microfinance institution. According to the Sacco Societies Regulatory Authority (SASRA) gross loans across the industry increased to Ksh 948.31 billion in…