Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In the heart of our communities, where families save for school fees, businesses borrow to grow, and neighbours pool resources for a better tomorrow, Savings and Credit Cooperatives (SACCOs) stand as pillars of financial hope. Yet, too often, the voices of those who live and breathe these realities are drowned out by top-down policies and…
In September 2025, the Kenyan government dropped a regulatory bombshell on the cooperative sector: small Savings and Credit Cooperatives (Saccos) with assets under Sh100 million must merge with larger entities or face dissolution. This directive, ostensibly aimed at bolstering financial stability and operational resilience in a sector plagued by inefficiencies and vulnerabilities, has ignited a…
More than 20,000 boda boda riders in Kisumu County will from next year be required to register with SACCOs operating within their respective wards, in a move aimed at restoring order and improving safety in the sector. The Kisumu County Boda Boda Association chairman, Jacob Ogamba, said no rider will be allowed to operate without…
According to the latest Sacco Industry Quarterly Statistical and Soundness Report for Quarter Three (Q3)- September 2025, released by the Sacco Societies Regulatory Authority (SASRA), the regulated Savings and Credit Cooperative (SACCO) industry has maintained strong growth, showcasing notable improvements across key performance indicators. This comprehensive report highlights the sector’s resilience, with total assets reaching…
Data from the SACCO Societies Regulatory Authority (SASRA) shows that SACCOs channelled most of their lending toward land purchases, school fees and agriculture in the three months to September 2025, making the three sectors the biggest beneficiaries of credit demand among members. This accounted for more than 65 per cent of all loans issued by…
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…
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…
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…
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…
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…
