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

Marsabit Governor backs Gumi Saku Miraa Sacco fund drive for women traders

Sacco ReviewJuly 21, 202603 mins

Marsabit governor led a Gumi Saku Miraa Sacco fundraiser for women traders. The drive aims to strengthen the Sacco and expand financial inclusion. County pledged continued support for Saccos and women entrepreneurs Marsabit County Governor Mohamud Mohamed Ali led a fundraising drive organised by the Gumi Saku Miraa Savings and Credit Cooperative Organisation (SACCO), aimed…

KUSCCO, KRA to hold second national taxation dialogue for Saccos in Nairobi

Sacco ReviewJuly 21, 202604 mins

KUSCCO and KRA will hold the second National Taxation Dialogue for Saccos on 30 and 31 July in Nairobi. The forum will address Sacco taxation, compliance and policy reforms. The dialogue aims to promote a fairer and more predictable tax framework for Saccos. The Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) will convene…

Why many Saccos have cut, skipped dividend payouts

Sacco ReviewJuly 20, 202606 mins

247 Saccos cut or skipped dividends after regulators directed them to retain earnings and strengthen capital reserves. The move aims to improve liquidity, protect members’ savings and support affordable lending despite strong sector growth. Regulated Saccos grew assets to Ksh727.1 billion, while the wider sector’s assets surpassed Ksh1.2 trillion in 2025. Kenya’s Savings and Credit…

Saccos disburse Sh33.7B for land and housing in Q1 2026

Sacco ReviewJuly 20, 202604 mins

Saccos disbursed Ksh33.7 billion for land and housing, an 18% increase from Q1 2025. Total Sacco lending rose to Ksh115.7 billion, with education and agriculture among the top sectors financed. Sacco assets grew to Ksh1.21 trillion, while member deposits reached Ksh870 billion in Q1 2026 A large portion of credit disbursed by Savings and Credit…

Commercial banks overtake Saccos as farmers’ top credit source, CBK data shows

Sacco ReviewJuly 20, 202605 mins

Commercial banks became farmers’ top lender, overtaking Saccos. Saccos and Hustler Fund borrowing declined as farmers sought larger, flexible loans. Most loans funded farm inputs, while borrowing for machinery increased Commercial banks have overtaken Savings and Credit Cooperative Organisations (SACCOs) as the leading source of credit for Kenyan farmers, according to new data from the…

SASRA outlines Kenya’s cyber resilience strategy at global regulators’ conference

Sacco ReviewJuly 20, 202603 mins

SASRA showcased Kenya’s cyber resilience strategy for SACCOs at the 2026 ICURN Annual Conference in Mumbai. CEO David Sandagi outlined the regulator’s response to cyber threats, digital risks and incident preparedness. The SACCO Societies Regulatory Authority (SASRA) has detailed its supervisory response to a live cyber crisis, in a presentation by its Chief Executive Officer(CEO),…

Taifa DT Sacco launches five year strategy to drive digital growth

Sacco ReviewJuly 18, 2026July 18, 202609 mins

Taifa DT Sacco has launched a 2026 to 2030 strategy focused on digital growth and innovation. The Sacco will introduce a new ERP system, revamp products and expand its insurance business. It has also lowered the minimum share capital for loans from Ksh10,000 to Ksh2,000 to improve access to credit. Taifa DT Sacco has unveiled…

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…