Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
For millions of Kenyans, a Sacco is far more than just a place to save money. It is a trusted financial partner that has helped families educate their children, build homes, launch businesses, and weather severe economic hardships. Unlike conventional financial institutions driven solely by corporate profit, Saccos are owned by the very people they…
The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. In a public notice seen by Sacco Review, the state dismissed claims that the proposed legislation is…
Managements of Savings and Credit Cooperative Societies (SACCOS) have been warned against an over-obsession with huge end-of-year dividends at the expense of their core mandate of issuing low-interest loans to members. Symon Mburia, the Assistant Commissioner for Cooperatives Development, director at the Hustler Fund, and a leading authority in the cooperative movement, challenged Saccos to…
Stima DT Sacco Chief Executive Officer Dr. Gamaliel Hassan has highlighted the vital role Savings and Credit Cooperative Societies (SACCOs) play in shielding members from economic shocks amid rising living costs. Speaking during an interview with Radio Generation on Thursday, July 9, Dr. Hassan said persistent inflation, both locally and globally, has significantly reduced people’s…
Leaders of major Savings and Credit Cooperative Societies (Saccos) are calling for heightened unity, strict governance and strategic market cooperation to secure members’ wealth and drive sustainable economic growth. Speaking during the 104th Ushirika Day celebrations held at the Gusii Coffee Farmers Cooperative Union (GCFCU) in Kisii Central, regional industry leaders emphasized that market expansion…
Kenyans have been urged to verify any claims about the SACCO reforms through official government communication before sharing them further PS Kilemi reaffirmed that SACCO funds remain the property of their respective societies and are managed exclusively by elected officials The National Treasury has dismissed as false and malicious claims circulating on social media alleging…
The Cooperative Fund will complement existing credit programmes and provide targeted support for agricultural production and other income‑generating activities. Taita Taveta County has unveiled plans to establish a dedicated Cooperative Fund that will serve as a revolving financing facility for farmers, small businesses, and cooperative societies. The initiative is designed to ease access to affordable…
National Assembly Speaker Moses Wetang’ula has called on boda boda operators to join savings and credit cooperatives (SACCOs) and channel their earnings into income‑generating ventures, saying this will secure their livelihoods and promote long‑term financial stability. Speaking during a boda boda empowerment forum at Mungatsi Primary School in Nambale Sub‑County on Saturday, Wetang’ula highlighted the…
The ministry will issue comprehensive response later in the day as Jimi Wanjigi’s warning over SACCO funds stirs public anxiety Cooperatives and MSMEs Development Principal Secretary (PS) Patrick Kilemi has dismissed claims that the government intends to divert members’ savings from Saccos to finance the national infrastructure fund. In a statement posted on his social…
The Cabinet Secretary for Cooperatives and MSME Development, Wycliffe Oparanya, on 3rd June, 2026, presided over the official launch of the Budalangi Market Women SACCO, bringing together 79 registered women groups in a move set to deepen financial inclusion in the region. The event saw KSh8.4 million disbursed to women groups to support enterprise development…
