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

Oparanya: Flaws in MSME and SACCO laws hurting sector growth

Sacco ReviewMay 17, 202604 mins

The government has admitted that weaknesses in existing laws governing Micro, Small and Medium Enterprises (MSMEs) and Savings and Credit Co-operative Societies (SACCOs) are slowing the growth and effectiveness of the sector. Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya told lawmakers that gaps in the current legal framework have undermined efforts to strengthen…

Attorney General orders Saccos to file annual returns within 60 days or face deregistration

Sacco ReviewMay 15, 2026May 15, 202604 mins

The Office of the Attorney General has issued a stern directive requiring all registered societies, including hundreds of Savings and Credit Cooperative Societies (Saccos), to file their annual returns within the next 60 days or risk enforcement action. In a public notice, the Registrar of Societies reminded organisations that filing annual returns is a legal…

Understanding how Sacco dividends and rebates are calculated

Sacco ReviewMay 13, 2026May 14, 202604 mins

When a Savings and Credit Co-operative Organization (SACCO) declares an annual surplus, members typically receive returns in two main forms: dividends on share capital and rebates on deposits. Dividends on Share Capital Dividends are payments made to members based on the number of shares they hold in the SACCO. These payments are made from the…

Kenyan diaspora remittances mobilized for climate solutions through SACCOs, says WOCCU

Sacco ReviewMay 10, 202605 mins

Nearly $5 billion in annual remittances from Kenyans abroad is being redirected to support climate solutions through a new program that channels diaspora savings into renewable energy, water access, climate‑smart agriculture, and green housing projects. According to the World Council of Credit Unions (WOCCU), the initiative creates a direct pathway for diaspora funds to finance…

Busia Bodaboda riders during the empowerment drive

Busia Bodaboda riders reap big from empowerment drive, urged to form SACCOs

Sacco ReviewMay 9, 202604 mins

Busia County Bodaboda riders yesterday received a major boost after Governor Paul Otuoma in the company of distinguished guests, presided over a Riders Empowerment Initiative that doubled as a major harambee, bringing together over 2,000 bodaboda riders. According to the organisers, the initiative focused on smart insurance solutions, enhanced security awareness, financial literacy, and practical…

Digital transactions expose weaknesses in SACCO payment systems as regulators tighten oversight

Sacco ReviewMay 4, 202603 mins

Kenya’s cooperative lenders are facing mounting regulatory pressure as surging digital transactions expose gaps in their payment systems. Industry experts warn that the rapid growth of real‑time payments is testing the resilience of banks and SACCOs, raising concerns about transparency, compliance, and customer trust. According to BPC East Africa Country Manager Prashant Byndoor, real‑time payment…

SACCOs in Embu urged to target youth to boost saving culture

Sacco ReviewMay 4, 202605 mins

Management of Savings and Credit Cooperative Societies (SACCOs) in Embu County has been challenged to deliberately target young people in their recruitment and marketing campaigns, with the aim of fostering a culture of long-term saving and investment. It was further suggested that SACCO marketing initiatives be integrated into the education system, with experts visiting secondary…

Sacco assets surge to Ksh 1.2 trillion as membership hits 7.8 million- 2026 KNBS survey

Sacco ReviewMay 1, 2026May 4, 202605 mins

The economic survey released on Thursday this week by the Kenya National Bureau of Statistics (KNBS) has painted a slightly rosy picture of the industry. According to the survey, total assets of deposit-taking SACCOs grew by 11.5 per cent to KSh 727.1 billion as at December 2025. Total assets and liabilities, which comprise time and…

Bungoma coffee cooperatives face Senate probe over pricing irregularities

Sacco ReviewMay 1, 202603 mins

The Coffee Savings and Credit Cooperative Organizations (SACCOs) in Bungoma County are at the centre of Senate investigations following concerns over inconsistent coffee pricing that has affected farmer earnings. This comes after Bungoma County Senator, David Wakoli raised alarm over disparities in payments made through cooperative societies, citing variations between coffee cherry delivered to factories…

Sacco leaders reject proposed merger Bill, warn of job losses and threat to small institutions

Sacco ReviewApril 29, 202604 mins

A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…