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

Saccos turn to youth to reverse ageing membership crisis

Sacco ReviewAugust 15, 202605 mins

Saccos are turning to young people to address an ageing membership base, with youth demanding faster, mobile driven financial services. Officials are urging Saccos to offer youth friendly products, digital services, financial education and clear pathways into leadership. Experts say mentorship, transparency and support for youth enterprises are key to making young people feel included…

Why Sacco dividends fell in 2026 despite sector growth

Sacco ReviewAugust 14, 202605 mins

Sacco dividends fell or were scrapped in 2026 as Saccos retained more earnings to strengthen capital and liquidity. SASRA rules, KUSCCO losses and provisions for non performing loans reduced funds available for dividend payouts. Despite lower dividends, the sector grew strongly, with total Sacco assets rising 12.4 per cent to Ksh1.21 trillion. Kenyan Sacco members…

Ukristo na Ufanisi DT Sacco opens six sales and two call centre roles

Sacco ReviewAugust 8, 202603 mins

Ukristo na Ufanisi DT Sacco has opened eight positions, six direct sales representatives and two call centre agents. Applications should be submitted by August 17, 2026, with candidates required to send their CVs and application letters via email. The Sacco serves more than 32,000 members, has an asset base of Ksh2.2 billion and continues to…

KUSCCO ordered to refund Ksh489 million to Mhasibu Sacco

Sacco ReviewAugust 6, 2026August 6, 202607 mins

The Co-operative Tribunal has ordered KUSCCO to refund nearly Ksh489 million to Mhasibu DT Sacco over a matured fixed deposit and savings account. The tribunal ruled that KUSCCO must honour its contractual obligations despite its financial challenges and restructuring. The decision could influence similar recovery claims by other Saccos seeking to recover funds tied up…

SASRA opens 2027 external auditor listing for Saccos

Sacco ReviewAugust 5, 202603 mins

SASRA has opened applications for external auditors to audit regulated Saccos in 2027. Applications close on November 30, 2026, with the approved list due on January 15, 2027. Members should ensure their Sacco uses a SASRA listed auditor. The Sacco Societies Regulatory Authority (SASRA) has invited qualified external auditors and audit firms to apply for…

Capital DT Sacco CEO arraigned over alleged Ksh39 million fraud

Sacco ReviewAugust 4, 2026August 4, 202603 mins

Capital DT Sacco CEO Stephen Murithi has been arraigned over alleged fraud of Ksh39 million from the Sacco. He was granted bond of Ksh1 million, with mention set for August 19 and hearing for October 15, 2026. The alleged fraud occurred at the Sacco’s Meru offices between February and April 2026. Capital DT Sacco Chief…

Ports Sacco opens Malaba branch to boost savings culture

Sacco ReviewAugust 3, 202608 mins

Ports Sacco opens Malaba branch to expand financial services and promote a savings culture in Busia County. Branch attracts 800 members shortly after launch, with leaders targeting 5,000 as cooperative savings gain traction. Sacco surpasses Ksh12bn in assets and offers loans, competitive dividends and insurance to support members’ financial growth Teso North Member of Parliament…

NSSF Sacco eyes Tier I status with nationwide expansion

Sacco ReviewJuly 29, 202606 mins

NSSF Sacco is targeting Tier I status by the end of 2026 as it expands membership nationwide beyond its traditional National Social Security Fund employee base. The deposit-taking Sacco has nearly Ksh 5 billion in assets, a Ksh 4 billion loan book, Ksh 3.9 billion in member savings and plans to grow assets above Ksh…

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…