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

Arati urges Kisii traders to join Saccos for soft loans

Sacco ReviewAugust 4, 202607 mins

Kisii Governor Simba Arati has urged traders to join Saccos to access affordable loans, government funds and business support. Arati said Saccos promote saving, financial discipline and easier access to programmes such as the Hustler Fund and NYOTA. The county also plans a youth savings fund to help talented young people grow their skills into…

Kaiti bodaboda Saccos get Ksh2.5m, urged to invest wisely

Sacco ReviewJuly 30, 202604 mins

Ksh2.5 million was disbursed to bodaboda SACCOs in Kaiti, benefiting 1,200 riders. Leaders urged the groups to invest the funds in profitable projects. Mukuyuni Self Help Group received Ksh449,000 and plans to start a petrol station. Leaders have called on bodaboda Saccos in Kaiti constituency, Makueni County, to invest the Ksh2.5 million disbursed under a…

Naivasha cooperatives urged to follow laws to boost service delivery

Sacco ReviewJuly 29, 2026July 29, 202603 mins

Naivasha cooperatives urged to comply with sector laws to improve member services. Members encouraged to engage actively during education sessions and annual general meetings. Wabomba calls for transparency, accountability and regular audits to build member trust. Naivasha Sub-County Cooperative Officer Hanifa Wabomba has urged co-operative societies in Naivasha and Gilgil sub-counties to strictly follow the…

Government rules out Sacco term limits, to boost SASRA oversight

Sacco ReviewJuly 29, 202606 mins

Government rules out term limits for Sacco directors, saying leadership should remain a democratic choice for members. Ministry plans to expand SASRA oversight to regulate all Saccos, strengthen governance and deploy technology for closer financial monitoring. Proposed Sacco Societies (Amendment) Bill, 2025 creates an independent Deposit Guarantee Fund Board to protect members’ deposits and improve…

Court ruling boosts Saccos’ edge over unlicensed lenders

Sacco ReviewJuly 28, 202606 mins

A Nairobi court ruled that unlicensed digital lenders cannot sue to recover unpaid loans. The decision strengthens the legal position of licensed Saccos over unregulated lenders. The ruling also reminds Sacco digital lenders to maintain valid CBK licences. A Nairobi court has barred unlicensed digital lenders from suing to recover unpaid debts, handing Saccos a…

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SASRA spells out how Saccos should appoint, rotate external auditors

Sacco ReviewJuly 27, 2026July 27, 202605 mins

Sacco boards must nominate at least three eligible external auditors for members to vote on during the Annual General Meeting (AGM). The selected auditor’s appointment must be submitted to SASRA within 30 days, together with certified AGM minutes. External auditors should rotate after three years unless SASRA grants a waiver, while any midterm removal requires…

Govt targets employers, Saccos in nationwide minimum wage crackdown

Sacco ReviewJuly 22, 2026010 mins

Govt has launched nationwide inspections to enforce the new minimum wage, with Saccos among employers expected to comply. Labour officers will audit payrolls, contracts and wage records, while non compliant employers risk prosecution, fines and other legal penalties. Saccos have been urged to review salaries for roles such as cashiers, receptionists, clerks and storekeepers to…

National Treasury launches review of Sacco supervision framework

Sacco ReviewJuly 22, 2026July 22, 202605 mins

National Treasury has launched a review of Kenya’s risk based supervision framework for Saccos under the World Bank funded SAFER Project. A consultant will update the Risk Based Supervision Manual, identify regulatory gaps, train supervisors and support stronger Sacco oversight. Expressions of interest close on August 6, with the five month assignment aimed at strengthening…

Silo competition among cooperative officers is hurting Kenya’s cooperative movement

Sacco ReviewJuly 22, 2026010 mins

Kenya’s cooperative movement is widely celebrated as one of Africa’s greatest development success stories. Cooperative societies have transformed livelihoods through savings and credit, agricultural marketing, housing, transport, dairy, fisheries and manufacturing. Yet beneath these achievements lies a challenge that receives little public attention but has profound consequences for millions of members: silo competition, where officers…

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…