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Chairman of the Kisumu County Ushirika Council addressing stakeholders. Photo: Courtesy

SACCO leaders urged to embrace transparency and youth inclusion

Sacco ReviewJuly 14, 202604 mins

SACCO leaders have been urged to uphold transparency and accountability to strengthen member trust and growth. Youth have been encouraged to join Saccos, while leaders were warned against corruption. Kisumu County is developing a new cooperative policy to boost the sector’s competitiveness. Sacco leaders have been urged to be transparent and accountable since building trust…

SACCOs reject claims State can dictate investment of members’ savings

Sacco ReviewJuly 14, 202604 mins

SACCOs say the State cannot dictate how members’ savings are invested. Mwalimu DT Sacco CEO says investment decisions are made independently by members. The remarks follow debate over proposals involving Sacco funds and the National Infrastructure Fund. Savings and Credit Cooperative Organizations (SACCOs) have dismissed claims that the government can dictate how members’ savings are…

Why Saccos must be protected at all costs

Sacco ReviewJuly 13, 202605 mins

For millions of Kenyans, a Sacco is far more than just a place to save money. It is a trusted financial partner that has helped families educate their children, build homes, launch businesses, and weather severe economic hardships. Unlike conventional financial institutions driven solely by corporate profit, Saccos are owned by the very people they…

Government flags online misinformation over Sacco Societies Bill

Sacco ReviewJuly 10, 202604 mins

The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. The government has cautioned the public against misinformation and propaganda circulating online regarding the Sacco Societies (Amendment) Bill, 2025. In a public notice seen by Sacco Review, the state dismissed claims that the proposed legislation is…

Saccos warned against chasing dividends at expense of cheap loans

Sacco ReviewJuly 10, 202608 mins

Managements of Savings and Credit Cooperative Societies (SACCOS) have been warned against an over-obsession with huge end-of-year dividends at the expense of their core mandate of issuing low-interest loans to members. Symon Mburia, the Assistant Commissioner for Cooperatives Development, director at the Hustler Fund, and a leading authority in the cooperative movement, challenged Saccos to…

Saccos are financial shock absorbers, says Stima Sacco CEO

Sacco ReviewJuly 9, 202604 mins

Stima DT Sacco Chief Executive Officer Dr. Gamaliel Hassan has highlighted the vital role Savings and Credit Cooperative Societies (SACCOs) play in shielding members from economic shocks amid rising living costs. Speaking during an interview with Radio Generation on Thursday, July 9, Dr. Hassan said persistent inflation, both locally and globally, has significantly reduced people’s…

Cooperatives champion unity and tight governance amid regional expansion

Sacco ReviewJuly 9, 202606 mins

Leaders of major Savings and Credit Cooperative Societies (Saccos) are calling for heightened unity, strict governance and strategic market cooperation to secure members’ wealth and drive sustainable economic growth. Speaking during the 104th Ushirika Day celebrations held at the Gusii Coffee Farmers Cooperative Union (GCFCU) in Kisii Central, regional industry leaders emphasized that market expansion…

Treasury dismisses claims of borrowing KShs 1 trillion from SACCO savings for Infrastructure Fund

Sacco ReviewJuly 7, 202604 mins

Kenyans have been urged to verify any claims about the SACCO reforms through official government communication before sharing them further PS Kilemi reaffirmed that SACCO funds remain the property of their respective societies and are managed exclusively by elected officials The National Treasury has dismissed as false and malicious claims circulating on social media alleging…

Taita Taveta sets up Cooperative Fund to expand rural credit access

Sacco ReviewJuly 6, 2026July 6, 202604 mins

The Cooperative Fund will complement existing credit programmes and provide targeted support for agricultural production and other income‑generating activities. Taita Taveta County has unveiled plans to establish a dedicated Cooperative Fund that will serve as a revolving financing facility for farmers, small businesses, and cooperative societies. The initiative is designed to ease access to affordable…

Wetang’ula urges boda boda riders to join SACCOs for financial growth

Sacco ReviewJuly 6, 2026July 6, 202605 mins

National Assembly Speaker Moses Wetang’ula has called on boda boda operators to join savings and credit cooperatives (SACCOs) and channel their earnings into income‑generating ventures, saying this will secure their livelihoods and promote long‑term financial stability. Speaking during a boda boda empowerment forum at Mungatsi Primary School in Nambale Sub‑County on Saturday, Wetang’ula highlighted the…