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KETSA launches Alternative Investment Fund to unlock new growth for teacher SACCOs

Sacco ReviewJune 28, 2026June 28, 202604 mins

The Kenya Teachers SACCO Association (KETSA) has officially launched the KETSA Alternative Investment Fund (AIF), marking a major milestone in the transformation of Kenya’s cooperative movement and opening a new investment avenue for teacher-based Savings and Credit Cooperative Societies (SACCOs). The launch, held during the Association’s annual conference, brings to fruition a fund that has…

Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales

Sacco ReviewJune 27, 202604 mins

Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…

PS Kilemi strengthens cooperative ties in meeting with global apex body DGRV

Sacco ReviewJune 24, 202603 mins

Principal Secretary for the Department of Cooperatives Patrick Kilemi has paid a courtesy call to the offices of the German Cooperative and Raiffeisen Confederation (DGRV), a global cooperative apex organisation that supports the strengthening of governance, institutional capacity, financial oversight, and value chain development in cooperative movements. According to the ministry’s social media post, the…

Sacco lending to farmers surges to 23 per cent as CBK reveals shifting credit trends

Sacco ReviewJune 22, 202604 mins

Savings and Credit Co-operative Societies (SACCOs) are playing an increasingly significant role in financing agricultural activities, with their contribution to credit to farmers growing from 15 per cent in March 2026 to 23 per cent in May 2026. A survey by the Central Bank of Kenya (CBK) further shows that nearly one-third (32 per cent)…

From despair to dignity: How cooperatives are changing lives one family at a time

Sacco ReviewJune 20, 202607 mins

Families have moved from poverty and despair to stability and dignity through savings, affordable credit, and cooperative support. Cooperatives have enabled farmers to expand production, women to gain financial independence, and youth to start businesses and secure employment. The movement fosters community support, discipline, and innovation, despite challenges such as mismanagement, making cooperatives vital tools…

KNBS urges Saccos, financial institutions to launch affordable investment products

Sacco ReviewJune 17, 202604 mins

A report by the Kenya National Bureau of Statistics (KNBS) has urged Savings and Credit Cooperative Societies (SACCOs) to develop simple, reliable, and affordable investment products that can attract and channel remittances into productive investments. The report, titled 2025 Remittances Household Report, also urged financial institutions and county governments to develop simple, reliable and affordable…

Government warns against fraudulent Saccos formed ahead of 2027 polls

Sacco ReviewJune 13, 202604 mins

The government has raised alarm over the rising number of Savings and Credit Cooperative Societies (Saccos) being registered in the run‑up to the 2027 General Election, warning that many are being formed with the sole intention of defrauding unsuspecting Kenyans. Cabinet Secretary for Cooperatives and MSMEs Development Wycliffe Oparanya said the ministry will tighten regulations…

SACCOs should access full deposits from Deposit Guarantee Fund, says Credence Africa

Sacco ReviewJune 11, 2026June 13, 202604 mins

Credence Africa Executive Director Muthoni Njoroge, has called for a review of the Sacco Societies (Amendment) Bill, 2025, to ensure that SACCOs fully benefit from the proposed Deposit Guarantee Fund (DGF), rather than receiving compensation through a fixed percentage. Speaking at the Cooperative Expo 2026 at Uhuru Park, Nairobi; Muthoni highlighted that the DGF, which…

Cooperative leaders propose advisory council to strengthen governance and policy engagement

Sacco ReviewJune 7, 202604 mins

Leaders in Kenya’s cooperative movement are considering the establishment of an Economy Advisory Council of Chairpersons to enhance governance, coordination and policy engagement across the sector. The proposal was tabled during a two‑day meeting convened by the Cooperative Alliance of Kenya (CAK), which brought together chairpersons and vice‑chairpersons from savings and credit cooperatives (Saccos), as…

Co-operative leaders chart new governance agenda at Mombasa meeting

Sacco ReviewJune 6, 202603 mins

The Co-operative Alliance of Kenya (CAK) has concluded a high‑level meeting of chairpersons and vice‑chairpersons of co-operatives and SACCOs in Mombasa, setting a new agenda for governance, unity and sector transformation. The gathering brought together leaders from across the country to deliberate on strengthening accountability and aligning operations with emerging regulatory frameworks, including the New…