Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Youth remain largely unaware of Sacco benefits. CEO calls for cooperative education in schools. Digital marketing could attract more young savers. The low adoption of cooperatives as a means of investment and savings among young people in the country has been blamed on stakeholders’ poor marketing and educational programmes in the sector. To change the…
Xavier Lugaga urges members to prioritise long term wealth over short term spending. He says statutory reserves are key to strong and resilient Saccos. Lugaga calls on members to protect cooperative wealth for future generations There is a powerful biblical warning that should resonate deeply with every member of Kenya’s cooperative movement: do not sell…
Sacco CEOs say mergers can strengthen smaller societies, improve technology investment and boost competitiveness without compromising Co-operative values. They emphasise member education as key to better financial planning, responsible borrowing and stronger governance. CEOs support firm but fair loan recovery measures to protect members’ savings and maintain financial stability. For years, debate on Kenya’s Saccos…
KDC has launched a green financing strategy, placing co-operatives and Saccos at the centre of climate finance. KDC plans to establish a dedicated green fund offering debt and equity to sustainable businesses. Its SAFER project has financed 41,741 MSMEs through 11 financial institutions, mainly Saccos. Kenya Development Corporation (KDC) has launched a new Sustainability and…
KMRC will host the fifth Kenya Affordable Housing Conference from August 20 to 21 in Naivasha. The conference will focus on expanding affordable housing finance, especially for informal workers and Sacco members. Stakeholders will discuss blended finance, land reforms, green housing and technology in the housing sector. The Kenya Mortgage Refinance Company (KMRC) will convene…
Saccos are turning to young people to address an ageing membership base, with youth demanding faster, mobile driven financial services. Officials are urging Saccos to offer youth friendly products, digital services, financial education and clear pathways into leadership. Experts say mentorship, transparency and support for youth enterprises are key to making young people feel included…
Sacco dividends fell or were scrapped in 2026 as Saccos retained more earnings to strengthen capital and liquidity. SASRA rules, KUSCCO losses and provisions for non performing loans reduced funds available for dividend payouts. Despite lower dividends, the sector grew strongly, with total Sacco assets rising 12.4 per cent to Ksh1.21 trillion. Kenyan Sacco members…
NGEC has urged greater youth participation in Kenya’s economy, with Saccos seen as a key source of savings and credit. Youth businesses still face limited capital, markets and procurement opportunities. The commission called for stronger implementation of youth empowerment programmes and policies. National Gender and Equality Commission (NGEC) has renewed calls for young Kenyans to…
Malombe issued smart licences to 783 trained boda boda riders. He urged riders to join Saccos for savings and access to credit. Only 21 per cent of Kitui’s 13,598 riders have licences. Kitui County Governor Julius Makau Malombe has issued smart driving licences to 783 boda boda operators who completed road safety and professional riding…
MPs have backed a proposal to extend the in duplum rule to Saccos, digital lenders and microfinance institutions, though Parliament has not yet passed the change. The proposal would cap interest on defaulted loans at the outstanding principal, protecting borrowers from excessive charges. If approved by Parliament, the amendment would extend protections currently available only…
