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

Taita Taveta launches Gaye Rural SACCO to tackle farmers’ credit access woes

Sacco ReviewJuly 13, 202605 mins

Taita Taveta launched Gaye Rural SACCO to expand affordable credit for farmers. The SACCO will receive a Ksh3 million matching grant under NAVCDP. Leaders say the initiative will strengthen farming and boost rural incomes. Farmers in Taita Taveta County have for years turned to informal lenders and middlemen for credit, often at the cost of…

Alarm as proposed SACCO Amendment Bill 2025 sparks fears over members’ savings

Sacco ReviewJuly 8, 202606 mins

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,…

Kisumu county urges SACCOs to champion affordable housing and agricultural financing

Sacco ReviewJuly 5, 202606 mins

The County Government of Kisumu has called on SACCO officials to take the lead in encouraging members to acquire affordable housing units as a long‑term investment, saying the initiative will empower cooperatives and strengthen their membership base. Speaking during World Cooperatives Day celebrations in Kisumu, County Executive Member for Trade, Tourism, Industry and Marketing Farida…

SASRA data shows majority of SACCO members hold less than KSh100,000 in deposits

Sacco ReviewJuly 2, 2026July 2, 202605 mins

SASRA data shows that nearly 92% of SACCO members hold balances of KSh100,000 or less, with 89% below KSh50,000, highlighting the small‑scale nature of savings among millions of Kenyans. Proposed amendments to the Sacco Societies Act aim to operationalize a KSh100,000 compensation ceiling, modernize SACCOs through shared technology services, and establish a central liquidity framework…

Uasin Gishu boosts cooperative societies through capacity-building initiative

Sacco ReviewJune 26, 202604 mins

The Uasin Gishu County Government has intensified efforts to strengthen cooperative societies through a comprehensive capacity-building programme aimed at improving governance, promoting enterprise growth, and creating employment opportunities. Speaking on Thursday June 25, during a training session attended by members of more than 40 boda boda Savings and Credit Cooperative Societies (SACCOs), Governor Jonathan Bii…

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…

SASRA launches case digest to guide Sacco governance and dispute resolution

Sacco ReviewJune 11, 2026June 11, 202605 mins

The Sacco Societies Regulatory Authority (SASRA) has unveiled first-ever Cooperative Financial and SACCO Law Case Digest to guide Sacco governance and dispute resolution. The digest was launched by the Principal Secretary for the State Department for Cooperatives, Patrick Kilemi, during the 2026 Regulatory Policy and Legal Roundtable for Deposit-Taking SACCO Societies. The publication was developed…

DCI arrest 3 suspects in connection with Ksh22.4 M SACCO fraud

Sacco ReviewJune 11, 202603 mins

Detectives from Directorate of Criminal Investigations (DCI) have arrested three individuals suspected of orchestrating a sophisticated fraud scheme that siphoned over Ksh22.4 million from a local savings and credit cooperative society (SACCO). Investigations revealed a complex network in which the suspects exploited the SACCO’s computerized financial systems to illegally transfer funds for personal gain. At…

Gov’t pushes for SACCO digital and governance overhaul as sector reform talks intensify

Sacco ReviewJune 8, 202603 mins

The Government has stepped up efforts to overhaul the Savings and Credit Cooperative (SACCO) sector, with a strong focus on digital transformation and improved governance as reform discussions gain momentum. This came up during a high-level stakeholder engagement convened by Cooperatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya, together with Principal Secretary Patrick Kilemi that…

Govt lifts SACCO registration ban, sets Ksh 1.2M capital requirement

Sacco ReviewJune 3, 202603 mins

The Ministry of Co-operatives and MSMEs Development, through the Commissioner for Co-operatives, has lifted the suspension on the registration of new SACCO societies, effective immediately. The decision follows the completion of a review of the legislative and regulatory framework governing SACCOs by a Committee of Experts appointed by Cabinet Secretary Wycliffe Oparanya. The committee, which…