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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….

SASRA: SACCOs are reluctant to use credit scores in loan appraisals

Sacco ReviewOctober 20, 2025010 mins

The Sacco Societies Regulatory Authority (SASRA) has expressed concerns that while credit scoring has immense value, SACCOs has been slow to adopt credit referencing fully, creating gaps in credit decision-making. The regulator also points to challenges in implementing effective credit-scoring systems, which have hampered responsible lending and long-term financial stability. But a section of top…

How small Saccos can survive bumpy financial terrain

Sacco ReviewOctober 15, 202506 mins

When a monumental financial scandal rocked the Kenya Union of Savings and Credit Co-operatives (Kuscco), perhaps the hardest hit by the financial losses were Small-Tiered Regulated SACCOs that had looked upon Kuscco as the proverbial hen’s wing under which the small chicks could hide. Most of the small Saccos had put up at least Ksh22…

Farmers’ Saccos experienced growth despite tough economic times; SASRA says

Sacco ReviewOctober 15, 202507 mins

Farmers’ Saccos have recorded a tremendous growth in membership and liquidity despite the tough economic times which has affected other saccos. According to the Sacco Supervisory Report 2024 by the Sacco Societies Regulatory Authority (SASRA), agriculture based Regulated Saccos continued to have the highest proportion of membership at about 41% of all members representing 3…

Why Education for members is key to co-operatives transformation

Sacco ReviewOctober 11, 2025October 11, 202509 mins

In discharging their mandate in line with the fifth co-operatives principle as published by the International Co-operative Alliance, co-operative institutions all over the world take the initiative of providing education and training for their members, elected representatives, managers and employees to enhance their capacity to effectively contribute to the development of their co-operative organizations. That…

Empowering Sacco staff through training: Turning the Fifth Cooperative Principle into practice

Sacco ReviewOctober 10, 2025011 mins

Among the seven principles of cooperatives, principle number five talks about Education training and information to members and general public. It encourages that member, stakeholders and the public need to be taught, trained and given information on the operations of the cooperatives. This principle has been adopted and exercised in almost all cooperatives over a…