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

Ruto calls for Sacco overhaul to improve governance, technology

Sacco ReviewFebruary 12, 202602 mins

President William Ruto has called for transformation of Savings and Credit Cooperative Organisations (SACCOs) into stronger, more efficient institutions that directly benefit Kenyan communities. Speaking at State House in Nairobi, after receiving a report from experts who reviewed the governance and operations of SACCOs, President Ruto said there is need for SACCOs to modernize systems,…

SASRA suspends 5 SACCOs from receiving deposits due to unrenewed license

Sacco ReviewFebruary 6, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has suspended five SACCOs from receiving deposits, allowing them to operate under restricted credit-only permits. According to the Authority, those affected by the measures include Dumisha SACCO Society Ltd, Bi-High SACCO Society Ltd, Metropolitan National SACCO Society Ltd, Ol’Kaunsel Regulated Non-WDT SACCO Society Ltd, and Digital Media Regulated Non-WDT…

State allays fears over proposed small SACCOs mergers, says members’ savings won’t be undermined

Sacco ReviewJanuary 21, 202604 mins

The government has sought to allay fears among low-income and small cooperative societies, assuring them that proposed mergers with larger Savings and Credit Cooperative Organisations (SACCOs) will not threaten their stability or members’ savings. Cooperatives Principal Secretary Patrick Kilemi said the reforms are intended to stabilise the SACCO sector, improve governance and enhance performance through…

How outdated Coop Act prevents SACCOs from listing at Nairobi Securities Exchange

Sacco ReviewJanuary 19, 2026017 mins

A legal vacuum and an outdated law has denied Savings and Credit Cooperative Societies(SACCOs)the opportunity of listing and raising cheaper capital from the Nairobi Securities Exchange. Compared to listed firms that can float a bond or commercial paper to raise cash, SACCOs rely purely on internal sources including doing share drives through selling more shares to…

Trends shaping Kenyan SACCOs in 2026

Sacco ReviewJanuary 11, 202609 mins

As Kenya’s economy rebounds from global disruptions, Savings and Credit Cooperative Organizations (SACCOs) stand at a pivotal juncture. These member-owned institutions, which manage over Ksh1.1 trillion in assets and serve millions across urban and rural divides, have long been pillars of financial inclusion. In 2025, the sector defied economic headwinds like inflation and supply chain…

SASRA sets March 15 deadline for SACCOS to submit audited accounts

Sacco ReviewJanuary 10, 202603 mins

The government, through the Sacco Societies Regulatory Authority (SASRA), has directed all Savings and Credit Cooperative Organisations (SACCOs) to submit their audited financial statements by March 15, 2026, as part of regulatory compliance measures. In a notice issued on January 9, SASRA said the submission window will run from January 1 to March 15, 2026,…

Banks and SACCOs push Treasury to ease PAYE, raise tax‑free threshold to KSh40,000

Sacco ReviewJanuary 10, 202604 mins

Commercial banks and savings and credit cooperatives (SACCOs) have urged the National Treasury to ease payroll taxes to shore up workers’ disposable income, citing rising deductions and persistent inflation that have eroded real wages. In separate submissions, the Kenya Bankers Association (KBA) and the Kenya Union of Savings and Credit Cooperatives (KUSCCO) called for reforms…

Firms in Kenya Pipeline IPO set to pocket over Ksh200 Million in consultancy fees

Sacco ReviewJanuary 8, 2026January 9, 202604 mins

Firms involved in the planned Kenya Pipeline Company (KPC) Initial Public Offering (IPO) are expected to earn more than Ksh200 million in consultancy fees as preparations for the listing at the Nairobi Securities Exchange (NSE) gains momentum. According to official disclosures, the IPO process has attracted a consortium of investment banks, legal firms, registrars, and…

KUSCCO proposes amendments of Tax Act to provide uniform tax for all SACCOs

Sacco ReviewJanuary 6, 202604 mins

Kenya Union of Savings & Credit Co-operatives (KUSCCO) has submitted policy proposals to the National Treasury aimed at strengthening SACCOs and protecting member welfare. Among the proposals is the amendment of Section 19A of the Income Tax Act (ITA) to provide a uniform tax treatment for all types of cooperatives societies, recognizing their shared goals…

PS Odede Urges youth to register SACCOs on E-GPS to access gov’t tenders

Sacco ReviewDecember 29, 202502 mins

Public Investments and Asset Management Principal Secretary Cyrill Odede has called on young people in Migori to register their Savings and Credit Cooperatives (SACCOs) with the Electronic Government Procurement System (E-GPS) to qualify for county and national government tenders. Speaking during the launch of the Migori County Young Professionals (MCYP) group at Migori Teachers Training…