Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The economic survey released on Thursday this week by the Kenya National Bureau of Statistics (KNBS) has painted a slightly rosy picture of the industry. According to the survey, total assets of deposit-taking SACCOs grew by 11.5 per cent to KSh 727.1 billion as at December 2025. Total assets and liabilities, which comprise time and…
The Coffee Savings and Credit Cooperative Organizations (SACCOs) in Bungoma County are at the centre of Senate investigations following concerns over inconsistent coffee pricing that has affected farmer earnings. This comes after Bungoma County Senator, David Wakoli raised alarm over disparities in payments made through cooperative societies, citing variations between coffee cherry delivered to factories…
A section of Savings and Credit Cooperative Societies (Saccos) has come out strongly against the proposed Sacco Societies Amendment Bill 2025, warning that the legislation could undermine the survival of smaller institutions and trigger job losses across the country. Speaking during the launch of a new branch of Ammar Sacco in Mathioya, leaders and officials…
SACCOs (Savings and Credit Cooperative Organisations) are founded on a simple promise—members pool savings, trust leadership, and share in financial growth through affordable credit and annual dividends. In their ideal form, SACCOs represent discipline, transparency, and collective progress. But when governance weakens, and accountability fades, that promise can slowly transform into mismanagement, inequality, and eventually…
Farmers and cooperative societies in Lamu West Sub-county are set to transform their agricultural operations after the County Government of Lamu disbursed over Ksh 12.4 million in inclusion grants under the Food Systems Resilience Program (FSRP), marking a significant step toward strengthening food security in the region. Lamu Governor Issa Timam presided over the phase…
Since 2023, Kenyans, especially those working in formal employment, have faced tough times with increased taxation and new statutory deductions eating into their payslips. Over the last three years, the government has increased deductions among salaried Kenyans with the Social Health Insurance Fund (SHIF), requiring a mandatory contribution of 2.75% of an employee’s gross monthly salary….
Cooperatives Principal Secretary (PS) Patrick Kilemi has warned Savings and Credit Cooperative Organizations (SACCOs) against venturing into unregulated investments, urging stronger governance structures and tighter internal controls to protect member funds. Speaking at the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, PS Kilemi said the growing appetite for investments outside the regulatory framework…
The Sacco Societies Regulatory Authority (SASRA) has called for deeper reforms and stronger oversight to safeguard members’ savings, as the Specified Non‑Withdrawable Deposit‑Taking (NWDT) sector continues to expand. Speaking during the 1st Regulatory Policy and Legal Roundtables for NWDT SACCOs, SASRA Board Chairman Jack Ranguma said the forum comes at a critical juncture, five years…
The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…
Youth and women in Rabai Sub-County, Kilifi, have been called upon to strengthen cooperation and embrace the formation of Savings and Credit Cooperative Societies (Saccos) as a pathway to economic empowerment and sustainable development. Speaking recently, in Rabai, the newly appointed Sub-County Cooperative Officer, Mr. Raphael Barawa, underscored the importance of cultivating a strong saving…
