Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
The Co-operative Tribunal has ordered KUSCCO to refund nearly Ksh489 million to Mhasibu DT Sacco over a matured fixed deposit and savings account. The tribunal ruled that KUSCCO must honour its contractual obligations despite its financial challenges and restructuring. The decision could influence similar recovery claims by other Saccos seeking to recover funds tied up…
George Ombado has been re-elected ACCOSCA Executive Director for a second three year term. CAK said the re election reflects confidence in his leadership of Africa’s cooperative sector. Ombado will continue leading efforts to expand financial inclusion through Saccos across Africa. George Ombado has been re-elected Executive Director of the African Confederation of Cooperative Savings…
SASRA has opened applications for external auditors to audit regulated Saccos in 2027. Applications close on November 30, 2026, with the approved list due on January 15, 2027. Members should ensure their Sacco uses a SASRA listed auditor. The Sacco Societies Regulatory Authority (SASRA) has invited qualified external auditors and audit firms to apply for…
