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

WOCCU guidelines on use of AI in Saccos

Sacco ReviewApril 9, 202608 mins

Savings and credit co-operatives (Saccos) have received a roadmap for adopting artificial intelligence (AI) tools as the sector explores how emerging technologies could improve efficiency, risk management and member services. The guidance, developed for credit unions globally by the World Council of Credit Unions (WOCCU), outlines in a white paper how financial cooperatives can integrate AI…

Kenya bids to host 2028 World Credit Union Conference

Sacco ReviewOctober 30, 202504 mins

Africa’s cooperative movement is poised for global recognition as Kenya, with the full backing of the National Government of Kenya and the African Confederation of Cooperative Savings and Credit Associations (ACCOSCA), has officially announced its bid to host the 2028 World Credit Union Conference (WCUC) under the World Council of Credit Unions (WOCCU). The announcement…

International Credit Union Day celebrated around the world

Sacco ReviewOctober 18, 202504 mins

Credit unions around the world, including in Kenya, have joined in celebrating the 77th International Credit Union (ICU) Day, marked annually on the third Thursday of October. This year’s theme, “Cooperation for a Prosperous World,” echoes the United Nations’ 2025 declaration of the International Year of Cooperatives, which carries the broader theme “Cooperatives Build a…

Unpacking SASRA Supervision Report 2024: A sector in resilient expansion

Sacco ReviewOctober 7, 2025010 mins

In the intricate landscape of Kenya’s financial ecosystem, the Sacco Societies Regulatory Authority (SASRA) Supervision Report 2024 emerges as a pivotal barometer of the cooperative banking sector’s vitality. Released on September 25, 2025, by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya, this annual statutory document—mandated under Section 22 of the Sacco Societies Act—chronicles the…

SASRA flags Ksh3.49 Billion Non-Remittance crisis, warns of looming SACCO instability

Sacco ReviewSeptember 26, 202504 mins

The SACCO Societies Regulatory Authority (SASRA) has sounded the alarm over a deepening non-remittance crisis that threatens the financial stability of Kenya’s regulated SACCOs. In its SACCO Supervision Annual Report 2024, the regulator revealed that employer institutions, many of them government-linked have failed to remit over Ksh 3.49 billion in member deductions, up from Ksh…

WOCCU names Paul Treinen as permanent President and CEO

Sacco ReviewAugust 28, 202504 mins

World Council of Credit Unions (WOCCU) Board of Directors has named Paul Treinen as the council’s new permanent President and CEO after helping the council overcome financial crisis. This came after Treinen took over that role on an interim basis in April and has since helped the council navigate financial turmoil caused by the termination…

2025 World Credit Union Conference kicks off in Sweden

Sacco ReviewJuly 16, 2025July 16, 202504 mins

The 2025 World Credit Union Conference (WCUC) kicked off on Monday, July 14, in Stockholm, Sweden and will run through Wednesday, 16 July 2025. Organized by the World Council of Credit Unions (WOCCU), this year’s conference — themed “The Future is Cooperative” — brings together global cooperative leaders to share insights, shape policy, and strengthen…

USAID freeze to hurt Kenya’s Coop sector

Sacco ReviewJuly 7, 202509 mins

Ramifications of a move by Donald Trump’s administration to cut off financial assistance by the United States Agency for International Development (USAID) to developing countries including Kenya, will begin to be felt in the coming months. To be hit hard are key sectors of the Kenyan Economy, including the Cooperative sector that has in the…

Sacco regulator gets a new CEO

Sacco ReviewAugust 23, 2021August 23, 202104 mins

By Malachi Motano The Sacco Societies Regulatory Authority (SASRA) Board has today confirmed the appointment of Peter Njuguna as the Authority’s Chief Executive Officer (CEO), effective immediately. Mr Njuguna has been acting as the SASRA CEO since April 2021 when John Mwaka exited the authority upon the expiry of his term. The new CEO brings…

WOCCU partners with Saccos to boost agribusiness

Sacco ReviewJune 8, 201802 mins

By Munene Maina More farmers in co-operatives are set to benefit from agriculture loans that will improve their income. World Council of Credit Unions (WOCCU) has extended its partnership with societies in the country to support more farmers. Recently, WOCCU Chairman Brian McCrory and President Brian Branch visited Siraji Sacco in Timau for a partnership…