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

Kindiki roots for deeper Cooperative reforms as Kenya marks 104th Ushirika Day

Sacco ReviewJuly 4, 2026July 4, 202604 mins

Deputy President Kithure Kindiki has called for the deepening of ongoing reforms in Kenya’s cooperative movement, saying the changes are aimed at building institutions that are more transparent, better governed and technology-driven, as the country marked the 104th National Ushirika Day celebrations in Nairobi on Saturday. Speaking during the event, Kindiki said the sector remains…

Gov’t bets on cooperatives to unlock agricultural financing, revive coffee sector

Sacco ReviewJuly 3, 2026July 3, 202605 mins

CS Oparanya has urged financial institutions to design products around the realities of farming, recognizing alternative forms of security while aligning repayment schedules with production cycles. The government has moved to place cooperative societies at the centre of its plan to widen smallholder farmers’ access to affordable credit and speed up the transformation of Kenya’s…

Nyeri cooperatives honoured for excellence and strong member returns at 2026 Ushirika Day

Sacco ReviewJuly 3, 202605 mins

Coffee societies, SACCOs, housing and dairy cooperatives were honoured for delivering strong member returns during the 104th International Day of Cooperatives, as Governor Mutahi Kahiga urged transparency, accountability, digital innovation and youth leadership to sustain the sector Cooperative societies in Nyeri County were honoured for delivering some of the highest returns to members during the…

MPs call for stronger protection for SACCOs savings as Amendment Bill comes under scrutiny

Sacco ReviewJuly 1, 202604 mins

Members of the National Assembly Departmental Committee on Trade, Industry and Cooperatives have called for the inclusion of stronger safeguards in the proposed Savings and Credit Cooperative Societies (SACCOs) legislation, saying the law should better protect members’ savings while promoting accountability and efficiency without imposing excessive bureaucratic requirements. The committee, chaired by Bernard Shinali, met…

Kisii Governor urges Boda Boda riders to join Saccos, invest in Agribusiness

Sacco ReviewJuly 1, 202604 mins

Boda boda operators in Kisii County have been urged to join Savings and Credit Cooperative Societies (Saccos) to improve their access to affordable credit, diversify their sources of income, and strengthen their financial stability. Speaking during a meeting with more than 500 boda boda riders at Kisii Stadium, Kisii Governor Simba Arati encouraged the operators…

Parents turn to Saccos as fees top household budget priorities

Sacco ReviewJune 30, 2026June 30, 202604 mins

Education loans surged by 27.1% in Q1 2026, reaching KSh24.81 billion, making school fees the second-largest reason for Sacco borrowing after land and housing. Parents increasingly prefer SACCOs for financing education, attracted by lower interest rates and flexible repayment plans compared to commercial banks. Parents are increasingly relying on Savings and Credit Cooperatives (Saccos) to…

Healthcare loans drive fastest growth in SACCO lending, outpacing housing and education

Sacco ReviewJune 30, 2026June 30, 202604 mins

Healthcare loans recorded the fastest growth among SACCO lending categories, rising 31.03% year-on-year to KSh2.79 billion in March 2026. Overall SACCO lending expanded by 16.23% to KSh115.73 billion, with land and housing remaining the largest recipients, followed by education. Healthcare-related borrowing has emerged as the fastest-growing loan category among Savings and Credit Cooperative Societies (SACCOs)…

KETSA launches Alternative Investment Fund to unlock new growth for teacher SACCOs

Sacco ReviewJune 28, 2026June 28, 202604 mins

The Kenya Teachers SACCO Association (KETSA) has officially launched the KETSA Alternative Investment Fund (AIF), marking a major milestone in the transformation of Kenya’s cooperative movement and opening a new investment avenue for teacher-based Savings and Credit Cooperative Societies (SACCOs). The launch, held during the Association’s annual conference, brings to fruition a fund that has…

Finance Act 2026 exempts SACCOs, banks from VAT on repossessed collateral sales

Sacco ReviewJune 27, 202604 mins

Savings and Credit Cooperative Organizations (SACCOs), banks, and other financial institutions will no longer pay Value Added Tax (VAT) on the sale or disposal of repossessed collateral, following amendments introduced in the Finance Act 2026, which was signed into law by President William Ruto on June 23, 2026. This amendment marks a significant shift in…

PS Kilemi strengthens cooperative ties in meeting with global apex body DGRV

Sacco ReviewJune 24, 202603 mins

Principal Secretary for the Department of Cooperatives Patrick Kilemi has paid a courtesy call to the offices of the German Cooperative and Raiffeisen Confederation (DGRV), a global cooperative apex organisation that supports the strengthening of governance, institutional capacity, financial oversight, and value chain development in cooperative movements. According to the ministry’s social media post, the…