Saccos – Page 5 – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

KUSCCO begins Ksh6.2 Billion refunds owed to SACCOs

Sacco ReviewDecember 11, 2025December 11, 202503 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has officially begun disbursing refunds to SACCOs, marking the first major step in settling the Ksh6.2 billion it owes its members. The long-awaited repayments follow a financial crisis at the union that was attributed to mismanagement and fraudulent activities under previous leadership. Co-operatives and MSMEs Cabinet…

Why SACCOs must embrace virtual assistants now

Sacco ReviewDecember 10, 202507 mins

In a world where time is the new currency, Virtual Assistants (VAs) are helping leaders, entrepreneurs, and professionals get more done—smarter, faster, and more efficiently. As Kenya’s digital economy surges, projected to contribute 9.24% to GDP by 2025, SACCOs—those vital cooperatives serving over 6 million members with assets topping KSh1.5 trillion—stand at a crossroads. In…

Govt directs investigations into KUSCCO housing projects over alleged corruption

Sacco ReviewNovember 30, 202502 mins

The government has launched a formal inquiry into KUSCCO Housing Co-operative Society Limited following member complaints alleging that the society was used to siphon savings from affiliated SACCOs. In a Gazette notice dated October 28, 2025 (No. 17555), the government directs investigators to scrutinise the society’s by-laws, financial records, and the conduct of both current…

SACCOs face challenges in partnering with housing cooperatives amid regulatory restrictions

Sacco ReviewNovember 24, 202505 mins

The Sacco Societies Regulatory Authority (SASRA), in partnership with the Kenya Mortgage Refinance Company (KMRC) and FSD Kenya comprehensive market study on the role of SACCOs in affordable housing finance has revealed that many Savings and Credit Cooperative Societies (SACCOs) are increasingly separating their operations from affiliated housing cooperatives. This shift is largely in response…

CS Oparanya calls for merger of small SACCOs to boost their competitiveness

Sacco ReviewNovember 21, 202507 mins

The Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya has called for the merger of small Savings and Credit Cooperative Organizations (SACCOs) as part of boosting their competitiveness both locally and internationally. Spaeking during the 4th annual Cabinet Secretary’s Cooperative Movement Stakeholders’ Forum, CS Oparanya said that small cooperatives cannot endure local and global emerging competitive…

Kilifi unveils Cooperative Act to regulate Sacco activities

Sacco ReviewNovember 7, 2025November 7, 202505 mins

The Kilifi County government has unveiled Cooperatives laws that will help regulate activities and operations of Savings and Credit Co-operative Organizations (SACCOs) in the County. Mary Mkare who is the Kilifi County Director of Cooperative Development said that the new Kilifi County Cooperative Policy and the Kilifi County Cooperative Act once assent, will streamline the…

David Mategwa: The man whose leadership has transformed Kenya National Police Sacco

Sacco ReviewNovember 6, 2025November 7, 2025034 mins

David Mategwa, OGW, HSC, DSA, ICUDE, the National Chairman of the Kenya National Police DT SACCO, is a household name in Kenya’s Co-operative Movement, and more so in the world of Savings and Credit Co-operatives (SACCOs). To many, his name represents resilience, discipline, and the power of visionary leadership. To the SACCO community, he embodies…

Mombasa Saccos rallied to empower youth through blue economy

Sacco ReviewOctober 31, 202504 mins

Mombasa County Executive Committee Member (CECM) for Blue Economy, Agriculture, and Livestock, Kibibi Abdalla, has challenged Savings and Credit Cooperative Societies (Saccos) to channel investments into the Blue Economy sector as a way of creating jobs and empowering young people along the Coast. Speaking during the Ports DT Sacco Annual Delegates Meeting in Mombasa, Abdalla…

SASRA licenses more SACCOs to operate in Kenya to boost Cooperative sector

Sacco ReviewOctober 28, 202503 mins

The Sacco Societies Regulatory Authority (SASRA) has given the nod to more savings and credit cooperative organizations (SACCOs) to operate in Kenya, signaling continued growth in the country’s cooperative financial sector. According to Kenya Gazette Notice No. 15383 published on October 24, SASRA authorized additional SACCOs to engage in both deposit-taking and specified non-deposit-taking business…

Trans Nzoia SACCOs to benefit from FAO supported climate project

Sacco ReviewOctober 23, 202503 mins

Savings and Credit Cooperative Societies (SACCOs) and farmer groups across 20 wards in Trans Nzoia County are set to benefit from a five-year environmental initiative aimed at promoting low-carbon agricultural activities. The initiative, known as TUNZA, is supported by the Food and Agriculture Organization (FAO) and seeks to rehabilitate degraded areas such as open quarries and eroded lands….