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

CS Oparanya bans use of loans to pay dividends to SACCO members

Sacco ReviewSeptember 28, 202504 mins

Cabinet Secretary for Co-operative and MSMEs, Wycliffe Oparanya has declared a suspension on new registrations and banned the use of loans to pay dividends to Sacco members. Speaking during the 34th Special General Meeting of Unaitas Sacco in Nairobi, CS Oparanya said the move is part of a stringent crackdown on poorly managed savings and…

Small-sized SACCOs to merge to enhance oversight, stability; CS Oparanya reveals

Sacco ReviewSeptember 28, 202504 mins

Small-sized Saccos with deposits of below Ksh 100 Million will be merged with the larger ones, this is in line with the Ministry of Co-operatives guidelines which aim to tighten supervision of thousands of co-operatives spread across the country with thin capital and deposit bases. Speaking during the Sacco Supervision Annual Report 2024, Co-operatives Cabinet…

SASRA flags Ksh3.49 Billion Non-Remittance crisis, warns of looming SACCO instability

Sacco ReviewSeptember 26, 202504 mins

The SACCO Societies Regulatory Authority (SASRA) has sounded the alarm over a deepening non-remittance crisis that threatens the financial stability of Kenya’s regulated SACCOs. In its SACCO Supervision Annual Report 2024, the regulator revealed that employer institutions, many of them government-linked have failed to remit over Ksh 3.49 billion in member deductions, up from Ksh…

Can early retirement plans, Saccos save retirees from poverty in old age?

Sacco ReviewSeptember 24, 2025010 mins

When Rebecca Kendi retired from her job as a County Revenue Officer at one of the country’s largest devolved units two years ago, she had no clue what she would do in her retirement. Since the mid-1980s when she left college and got the job at the then local authority, her life had been a…

CBK orders Banks and SACCOs to comply with new cyber security guidelines

Sacco ReviewSeptember 22, 202504 mins

The Central Bank of Kenya (CBK) has ordered banks and Savings And Credit Cooperative Organisations (SACCOs) to comply with new guidelines on cyber security that mandate stricter protection for financial systems in order to protect themselves against cyber insecurities. To support this, the CBK has established the Banking Sector Cybersecurity Operations Centre (BS-SOC), a hub…

KETSA calls for AI integration into SACCO operations for stronger digital governance

Sacco ReviewSeptember 19, 202508 mins

The Kenya Teachers’ Sacco Association (KETSA) has called the integration of Artificial Intelligence, (AI) into Sacco operations to strengthen digital governance and simplifies services. Speaking during the sixth annual CEO workshop in Mombasa, the forum’s Chair Joyce Ndegwa highlighted the urgency of adapting to technological shifts, strengthening Sacco member services, and innovative collaboration within the…

SASRA releases new policy to address Sacco members’ complaints

Sacco ReviewSeptember 14, 2025010 mins

The Sacco Societies Regulatory Authority (SASRA) released a new Model Complaints Handling Policy for regulated Saccos to strengthen the complaints management framework within the sector, ensuring alignment with best practices and regulatory requirements. According to SASRA the policy will provide a standardized and adaptable approach for Saccos to address member complaints effectively, transparently, and fairly….

Bungoma coffee farmers urged to join cooperatives for better earnings

Sacco ReviewSeptember 12, 202502 mins

Bungoma County leaders have urged coffee farmers to embrace cooperatives and savings and credit societies (SACCOs) as a pathway to higher earnings and a stronger coffee sector. Addressing growers at Lukusi Farmers’ Cooperative Society in Mihuu Ward, Webuye East, County Executive Committee Member (CECM) for Agriculture, Eng. Herbert Kibunguchi, said organized farming groups are better…

SACCOs advised to adopt sustainable reporting to tackle climate, build trust

Sacco ReviewSeptember 11, 202505 mins

Savings and Credit Cooperative Organizations (SACCOs) have been advised to adopt sustainable reporting as part of efforts to strengthen climate risk management, improve transparency, and enhance customer confidence. Speaking during the opening of one week forum on audit, governance, and risk management for cooperatives at Voi yesterday, the Cooperative Alliance of Kenya (CAK) Chief Executive…

PS Omollo urges bodaboda operators to invest in Saccos in Kajiado

Sacco ReviewSeptember 10, 202504 mins

Principal Secretary State Department for Internal Security and National Administration Raymond Omollo has urged bodaboda operators to join associations in order to benefit from empowerment projects. The PS, who was speaking in Ongata Rongai, Kajiado North, during the Kazi ni Kazi Boda Boda Empowerment Programme, said the operators should put their investments in cooperative societies….