Tower Sacco officials markd the Customer Service Week./ courtesy

IN PICTURES: Saccos mark Customer Service Week nationwide

Saccos across Kenya have launched customer appreciation campaigns to mark Customer Service Week, as the sector faces stiffer competition from digital lenders and traditional retail banks. Data from the Sacco Societies Regulatory Authority (SASRA) shows that regulated deposits have climbed past Ksh896 billion. Mwalimu National DT Sacco leads with Ksh56.51 billion in member savings, followed…

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Governor of Kwale County Fatuma Achani (center) alongside cooperatives representatives during the disbursement of the grant to Kwale farmers Saccos in Kwale County Headquarters. PHOTO| courtesy

Kwale farmers get Sh18.7m boost for agriculture

Farmer organisations in Kwale are set to receive new support for agricultural activities The funding is expected to help groups improve production and access better markets Beneficiaries are being urged to use the support to strengthen incomes at household level Kwale farmers are set to benefit from a Ksh18.7 million grant issued to 20 Saccos…

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Stakeholders during the launch of the Kenya IFRS S1 and S2 Readiness Report 2026. PHOTO| courtesy

Saccos face 2027 deadline for climate disclosure rules

Saccos face new sustainability reporting requirements from 2027 Readiness assessment highlights gaps in climate data reporting Regulators urged to support simpler reporting systems for Saccos Deposit-taking Saccos are among seven regulated sectors required to disclose climate and sustainability data from January 1, 2027. The deadline sits within a new global reporting regime, and Kenyan regulators…

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Patrick Kilemi (left), Principal Secretary, State Department for Cooperatives, with Alfred Orora (right), Managing Partner, Pristine Consulting House Ltd, during a meeting on expanding MSME credit access through Saccos. PHOTO| courtesy

Saccos to adopt AI loan system to boost MSME credit access

Saccos are exploring technology to widen MSME credit access A new approach could change how small businesses qualify for loans Government and private sector players are looking at smarter lending models Kenya’s State Department for Cooperatives is exploring new tech and lending models to help Saccos boost MSME credit access. PS Patrick Kilemi held talks…

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Imenti North Cooperative Officer Alfred Murangiri (centre) flanked by Meru Press Club Chairman David Muchui (right) and another official. PHOTO| John Majau

Kenyans urged to join Saccos for unique cooperative model

Kenyans urged to join Saccos for savings, loans and dividends. Meru has more than 491 registered co-operative movements. Nine interim officials were elected to represent Meru constituencies. Kenyans have been urged to join the Savings and Credit Cooperative Organisation (Sacco) for economic transformation since they offer the best business model in the entire country and…

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Why Saccos must embrace technology to stay relevant

Saccos need technology to meet changing member expectations. Digital systems can improve convenience, transparency and efficiency. Saccos should balance innovation with security and human support. Technology is changing how people save, borrow, invest and manage their money. For Savings and Credit Co-operative Organisations (Saccos), embracing this change is no longer optional. It is now an…

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Daniel Marube Chief Executive Officer of the Cooperative Alliance of Kenya (CAK) Photo/Courtesy

CAK urges Parliament to speed up cooperative bill

Cooperative Societies Bill nears final parliamentary hurdle after 14 years. Proposed law seeks stronger governance and protection of Sacco members. CAK calls for tax clarity and greater youth participation in cooperatives. Kenya’s cooperative movement is bracing for a new legal framework, with sector leaders saying the long-awaited Cooperative Societies Bill is nearly through its final…

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Kericho County Executive Committee Member for Agriculture, Livestock and Fisheries John Cheruiyot./ Courtesy

Kericho farmers urged to join Saccos, adopt digital tools

Kericho farmers urged to join Saccos and embrace digital services. Saccos are pushing automation, integration and stronger cybersecurity. Farmers can access financing for tractors and agricultural equipment. Farmers in Kericho County have been encouraged to join savings and credit cooperative societies (Saccos) and take up digital financial services, as stakeholders push for greater access to…

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Representatives from Equity Group and the International Fund for Agricultural Development (IFAD) hold the signed partnership documents after launching the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM).

IFAD, Equity launch $200m climate finance mechanism

IFAD and Equity launch a US$200 million climate finance mechanism. ARCAFIM targets 260,000 farmers and 500 rural businesses. Women and youth will make up at least 80 percent of beneficiaries. The International Fund for Agricultural Development (IFAD) and Equity Group have launched the Africa Rural Climate Adaptation Finance Mechanism (ARCAFIM), a US$200 million (Ksh25.89 billion)…

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