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

Oparanya unveils bold SACCO reforms after Ksh 13B scandal

Sacco ReviewJuly 2, 202504 mins

Co-operatives and MSMEs Development CS Wycliffe Oparanya stood before SACCO leaders at Kenya Union of Savings and Credit Co-operatives (KUSCCO).on 23 June, 2025, and delivered an upbeat progress report on the sector clean-up launched after the KSh 13 billion KUSCCO scandal. He said investigative files have been handed over for prosecution and promised that “every…

Should Saccos trust their auditors?

Sacco ReviewJune 14, 2025June 16, 2025015 mins

A recent revelation that a dead auditor certified the financial statements and accounts of the now financially crippled Kenya Union of Savings and Credit Cooperative Society (KUSCCO) is raising questions on whether or not members of any Society should trust the opinion and audited accounts presented by these esteemed professionals. It also raises the lid…

Kajiado County Assembly register Bunge Sacco

Sacco ReviewMay 26, 202502 mins

Kajiado County Assembly staff and members of county assembly have registered a Sacco to empower themselves through credit, and investment opportunities. The Sacco dubbed Kajiado County Bunge Savings and Credit cooperative Society Limited received the registration certificate on 20th March 2025. Kajiado County Director of Cooperatives James Taiko commended the assembly for the move which…

SASRA warns cooperatives of dire consequences for mismanaging funds

Sacco ReviewFebruary 21, 202506 mins

The SACCO society’s regulatory authority (SASRA) has issued a stern warning to cooperatives that mismanage members’ funds, stating that their days are numbered. Jack Ranguma, the Chairman of the SACCO Societies Regulatory Authority (SASRA), particularly singled out Metropolitan National SACCO, noting that its members have lost millions of shillings. Ranguma revealed that the minister responsible…

County Government of Busia launches training initiative for SACCO managers

Sacco ReviewFebruary 21, 202503 mins

The County Government of Busia has launched a major initiative to streamline the disbursement of agricultural funds by training SACCO managers in proper financial management and accountability. The initiative aims to ensure that government resources allocated to farmers are effectively utilized to promote economic growth. During the training session for 126 SACCO managers from 14…

Sacco leaders from Kajiado receive training on leadership and governance

Sacco ReviewJanuary 17, 202502 mins

The County Government of Kajiado, Department of Livestock, Agriculture, Fisheries, and Irrigation has trained Sacco leaders on the management of Saccos. The Sacco leaders, who represent three Kajiado West Saccos, were taken through leadership, governance, grant management guidelines, and the Memorandum of Understanding (MoU). The training was conducted at the NITA Institute in Kitengela Sub…

Why Saccos should embrace a co-operative business model

Sacco ReviewJanuary 7, 202508 mins

The primary purpose of a Sacco is to serve the community in which it operates. This is based on the understanding that co-operatives are not-for-profit enterprises, as the majority of the profit goes toward fulfilling the social, economic, and cultural needs of the community in which they operate. It is obvious that when a co-operative…

Nakuru County Government launches sacco digitization initiative

Sacco ReviewJanuary 7, 2025January 7, 202504 mins

The County Government of Nakuru has rolled out a program to digitize the business models of Savings and Credit Cooperative Organizations (SACCOs) to make their operations more efficient and transparent. County Cooperatives Chief Officer Kibet Kurgat said the County had initiated a training program for Sacco officials on the digitization of their operations, aimed at…

SACCOs thriving today, but are they ready for tomorrow?

Sacco ReviewNovember 25, 2024012 mins

Savings and Credit Cooperative Organizations (SACCOs) have long been heralded as engines of financial empowerment, particularly in underserved and emerging markets. They provide a lifeline for millions by offering affordable credit, encouraging savings, and promoting economic inclusion. Yet, like any other financial or corporate institution, SACCOs are not immune to the inherent cycles of growth,…

Govt will not settle SACCO dues KCC deducted from former employees, CS Mbadi tells senators

Sacco ReviewOctober 31, 202404 mins

Former employees of Kenya Cooperative Creameries (KCC) have sought the Senate Committee on Labour and Social Welfare to secure their KES 204 million in unpaid dues. The committee has summoned National Treasury Cabinet Secretary John Mbadi who did not appear before the committee but sent a notice asserting that the Government is under no obligation…