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

Why Saccos are up against the provisions of the Finance Act, 2026

Sacco ReviewJuly 16, 2026010 mins

Finance Act 2026 introduces stricter tax compliance, faster reporting deadlines, and expanded KRA enforcement powers affecting Saccos. Saccos warn the changes could strain liquidity, increase compliance costs, and disrupt lending and member access to savings. KUSCCO is pushing for tax law amendments to protect co operative members and harmonise taxation with the Co operative Societies…

Kilifi Governor announces Sh6 million matching grants for 12 Saccos

Sacco ReviewJuly 16, 202605 mins

Kilifi County awarded Ksh6 million in matching grants to 12 Saccos under its Shilling kwa Shilling Initiative. Governor Gideon Mung’aro also set aside Ksh15 million this financial year to expand the programme and boost affordable farmer loans. He urged speedy enactment of the Cooperative and Sacco laws to strengthen regulation and support the sector. Governor…

Saccos clarify Ksh1.2 trillion assets are largely tied up in member loans

Sacco ReviewJuly 15, 202604 mins

Ksh950 billion of Sacco assets already lent to members Saccos say Ksh1.2 trillion assets are not idle cash Sector clarifies loans account for nearly 80 per cent of Sacco assets Kenya’s Sacco sector has clarified that its Ksh1.2 trillion asset base does not represent cash held in bank accounts, noting that nearly 80 per cent…

Chairman of the Kisumu County Ushirika Council addressing stakeholders. Photo: Courtesy

SACCO leaders urged to embrace transparency and youth inclusion

Sacco ReviewJuly 14, 202604 mins

SACCO leaders have been urged to uphold transparency and accountability to strengthen member trust and growth. Youth have been encouraged to join Saccos, while leaders were warned against corruption. Kisumu County is developing a new cooperative policy to boost the sector’s competitiveness. Sacco leaders have been urged to be transparent and accountable since building trust…

SACCOs reject claims State can dictate investment of members’ savings

Sacco ReviewJuly 14, 202604 mins

SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…

Why Saccos must be protected at all costs

Sacco ReviewJuly 13, 202605 mins

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…

Government flags online misinformation over Sacco Societies Bill

Sacco ReviewJuly 10, 202604 mins

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…

Saccos warned against chasing dividends at expense of cheap loans

Sacco ReviewJuly 10, 202608 mins

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…

Saccos are financial shock absorbers, says Stima Sacco CEO

Sacco ReviewJuly 9, 202604 mins

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…

Cooperatives champion unity and tight governance amid regional expansion

Sacco ReviewJuly 9, 202606 mins

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…