SASRA SACCO
SASRA CEO, Peter Njuguna.

SASRA warns public against trading with unauthorized Saccos

Sacco Society Regulatory Authority (Sasra) has warned the public against undertaking any related Savings and Credit Co-operative (Sacco) business with those entities that are not registered and regulated by the Authority. In a recent Public Caution issued by Chief Executive Officer (CEO) Peter Njuguna, the Authority has observed that a large section of members of…

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Kisumu City Manager Abala Wanga.

Matatu owners in Kisumu ordered to join Saccos

The Kisumu county government has ordered all public transport owners to register their vehicles with Savings and Credit Cooperative Organization (Saccos). The County Executive Committee Member (CECM) in charge of Infrastructure, Energy and Public Work Mr Salmon Orimba said it is a Government policy that all matatus must be registered with Saccos warning that vehicles…

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Wanabarabara Housing Cooperative Society members display recently received title deeds. Photo Courtesy.

Join Saccos to access affordable housing, Kenyans asked

Kenyans have been asked to join Savings and Credit Cooperatives Societies (Saccos) to easily own and invest in property. According to Engineer George Kiiru, the Chairman of Wanabarabara Housing Cooperative Society, buying property as a group is much easier and more affordable as compared to buying it individually. Addressing the press in Kisaju located in…

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Cynthia Wandia, Co-Founder and CEO of Kwara.

How Fintech is revolutionizing the Sacco movement in Kenya

According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…

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cooperative

4 cooperatives in Kilifi county set for revival

Four cooperative societies in Malindi and Magarini sub counties in Kilifi county are set for revival. Speaking to Sacco Review in her office in Malindi town recently, Malindi sub county Cooperative Officer Moraa Ziro revealed that Goshi Farmers’ Cooperative, Manyeso Dairy Cooperative, Magarini Sand Harvesting and Magarini Cotton Farmers Cooperative societies will be revived. She…

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Cooperative University praised for enhancing Sacco sector

The Ministry of Cooperatives and MSMEs Development Cabinet Secretary, Simon Chelugui, has highlighted the important role played by the Cooperative University of Kenya (CUK) in enhancing professionalism within the cooperative movement. According to him, the university’s contribution in equipping and training the workforce in the cooperative sector is crucial for the sustainability of Saccos. “As…

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Alex Chamwada proud to catalyze growth of Cooperative movement

Alex Chamwada, the Founder and Chief Executive Officer (CEO) of Chams Media, a communication consultancy firm specializing in content creation, has expressed pride for contributing to the growth of the cooperative movement. The media personality, who worked with several national TV stations before debuting his renowned programme – ‘Daring Abroad’ – made the remarks while…

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Nyeri County keen to further development in cooperative sector, Governor says

Nyeri County Governor Mutahi Kahiga has celebrated the remarkable progress made in the cooperative movement, from the establishment of new Saccos to the training of leaders in financial management and good governance. “Under the county’s leadership, 100 cooperative society elections have been successfully conducted, fostering inclusive participation and democratic processes. Furthermore, 600 cooperative leaders have…

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Gen Z strategies

Saccos urged to consider Gen Z’s preferences in their strategies

Saccos have been advised to adapt their strategies to cater to the preferences of Generation Z (Gen-Z) – referring to individuals born between 1996 and 2010 – by implementing advanced and interactive technology. Speaking during a Customer Breakfast Forum themed ‘Saccos and Gen-Z’ hosted by NCBA Bank, Cabinet Secretary (CS) for Co-operatives and MSMEs Development,…

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