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

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…

Saccos join private sector in opposing KRA’s expanded powers under Finance Bill 2026

Sacco ReviewJune 6, 202604 mins

Savings and credit cooperative Societies (Saccos) have become the latest institutions to oppose proposals in the Finance Bill 2026 that would allow the Kenya Revenue Authority (KRA) to freeze bank accounts and recover funds even while tax disputes remain unresolved. The Kenya Union of Savings and Credit Cooperatives (Kuscco) told the National Assembly’s Finance and…

How SACCOs have become the unsung heroes of teachers’ financial survival stories

Sacco ReviewJune 6, 2026010 mins

If you want to understand the financial life of a Kenyan teacher, think of a candle: always burning at both ends. Teachers are not just the guardians of the classroom; they are breadwinners, community leaders, and the ‘bankers of last resort’ in extended families. Yet, ironically, they are also some of the most financially strained…

PS Kilemi urges Saccos to prioritize affordable loans over dividend payouts

Sacco ReviewJune 5, 2026June 5, 202604 mins

Principal Secretary for Co‑operatives and Micro, Small and Medium Enterprises (MSMEs) Development, Patrick Kilemi, has called on Savings and Credit Cooperative Societies (Saccos) to strengthen their institutional capital and shift focus from competing through high dividend declarations to offering affordable loans that directly benefit members. Speaking during an interview on a local station on Thursday,…

Co-operative Model Savings culture Key to Sacco members empowerment

Sacco ReviewJune 3, 2026011 mins

There is no secret that Savings and Credit Co-operative Societies (Saccos) across the world have been developed to meet the fundamental human need of finding a way of saving and borrowing methods to promote the economic interest of their members. They achieve this co-operative principle through the co-operative business model savings culture among members. The…

Why Resilient Cyber security is key to Saccos’ business transformation

Sacco ReviewMay 30, 2026May 30, 2026010 mins

In a rapidly evolving digital business landscape, the financial sector the world over, including Savings and Credit Co-operative (SACCOs), faces unprecedented challenges and opportunities in equal measure. And with this digital transformation regime comes an increased risk of cyber threats and attacks. Indeed, cyber security is not merely an option for any cooperative formation, but…

Why Saccos should adopt Anti-Money Laundering Software

Sacco ReviewMay 25, 2026012 mins

As your Savings and Credit Co-operative (Sacco)expands its influence and network, you are likely to face various risks, such as money laundering. Anti-Money Laundering, commonly referred to as AML, is a set of laws, regulations, and procedures designed to prevent and detect illegal financial activities, primarily money laundering. The primary purpose of AML measures is…

Kenya’s financial sector urged to embrace AI and modern credit scoring to expand access to credit

Sacco ReviewMay 23, 202605 mins

Kenya’s financial institutions have been urged to adopt emerging technologies such as artificial intelligence (AI) and modern credit scoring systems to strengthen lending processes and widen access to credit as the country’s financial sector undergoes rapid transformation. The call was made during a financial sector engagement forum held in the North Rift region on May…

SASRA urges SACCOs to strengthen oversight as digital financial services expand

Sacco ReviewMay 22, 202604 mins

The Sacco Societies Regulatory Authority (SASRA) has urged the Savings and Credit Cooperative Organizations (SACCOs) to strengthen oversight by reinforcing compliance, risk management, and regulatory reporting standards in the rapidly evolving digital financial services space. Speaking during a virtual sensitization forum bringing together more than 600 participants from regulated SACCOs, Acting Chief Executive Officer (CEO)…