Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Govt has launched nationwide inspections to enforce the new minimum wage, with Saccos among employers expected to comply. Labour officers will audit payrolls, contracts and wage records, while non compliant employers risk prosecution, fines and other legal penalties. Saccos have been urged to review salaries for roles such as cashiers, receptionists, clerks and storekeepers to…
National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…
Kenya’s cooperative movement is widely celebrated as one of Africa’s greatest development success stories. Cooperative societies have transformed livelihoods through savings and credit, agricultural marketing, housing, transport, dairy, fisheries and manufacturing. Yet beneath these achievements lies a challenge that receives little public attention but has profound consequences for millions of members: silo competition, where officers…
Marsabit governor led a Gumi Saku Miraa Sacco fundraiser for women traders. The drive aims to strengthen the Sacco and expand financial inclusion. County pledged continued support for Saccos and women entrepreneurs Marsabit County Governor Mohamud Mohamed Ali led a fundraising drive organised by the Gumi Saku Miraa Savings and Credit Cooperative Organisation (SACCO), aimed…
KUSCCO and KRA will hold the second National Taxation Dialogue for Saccos on 30 and 31 July in Nairobi. The forum will address Sacco taxation, compliance and policy reforms. The dialogue aims to promote a fairer and more predictable tax framework for Saccos. The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) will convene…
247 Saccos cut or skipped dividends after regulators directed them to retain earnings and strengthen capital reserves. The move aims to improve liquidity, protect members’ savings and support affordable lending despite strong sector growth. Regulated Saccos grew assets to Ksh727.1 billion, while the wider sector’s assets surpassed Ksh1.2 trillion in 2025. Kenya’s Savings and Credit…
Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…
Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…
SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…
Taifa DT Sacco has launched a 2026 to 2030 strategy focused on digital growth and innovation. The Sacco will introduce a new ERP system, revamp products and expand its insurance business. It has also lowered the minimum share capital for loans from Ksh10,000 to Ksh2,000 to improve access to credit. Taifa DT Sacco has unveiled…
