The first groups began a four-day training programme on Monday, September 21, in Taita Taveta County, Mombasa and Garissa, with the programme expected to expand to other parts of the country.
By David AbonyoSpeaking at the Islamic Finance Forum and Dialogue 2026 in Nairobi on Thursday, Hassan said regulators and industry players should work together to develop a framework that supports Islamic finance across banks, Saccos and other financial institutions, while also improving financial literacy among communities unfamiliar with the products.
By David AbonyoSpeaking at the Islamic Finance Forum and Dialogue Conference 2026 on Thursday, Muriithi said the Income Tax Act and the Value Added Tax Act already recognise Islamic finance arrangements, while the Public Finance Management Act recognises Sukuk as a form of government security.
By David AbonyoSASRA reported that the ratio of non-performing loans to gross loans among DT-Saccos increased to 6.56 per cent in June, from 6.42 per cent three months earlier.
By Maureen KinyanjuiThose directed to appear before the authority are Moyale Raha Transporter's Company Limited, Etams Classic Limited, Eastern Link Travellers Company Limited, Manchester Travellers Coach Limited and Lake Naivasha Maii-Mahiu Line Service Limited.
By Maureen KinyanjuiThe latest setback came in April 2026 when the National Assembly turned down amendments that had been approved by the Senate. The Bill has since been taken to a Mediation Committee, further delaying its journey to the President for assent.
By Maureen KinyanjuiUnder the proposed law, a borrower who defaults on a Sh10,000 loan would not be expected to pay more than Sh10,000 in interest, preventing unpaid loans from growing into overwhelming debts.
By Maureen KinyanjuiThe Stima Sacco Chief Executive Officer, in an interview with Radio Generation, says that before any professional title, he is first a husband and a father to three children. Looking back at his life, he says those roles remain his greatest achievement.
By Maureen KinyanjuiNSSF Sacco Chair Livingstone Masai said the co-operative has evolved from a small society formed by National Social Security Fund (NSSF) employees into a nationwide financial institution serving members from different organisations and individual savers.
By Chrispho OwuorThe Sacco Societies (Amendment) Bill, 2025, now before the National Assembly, proposes far-reaching changes to the way saccos are regulated. One of its key proposals is to allow members to claim protected deposits from the Deposit Guarantee Fund once a sacco's licence or authorisation has been revoked.
By Maureen KinyanjuiThe clarification comes after days of public anxiety sparked by reports alleging that the government planned to tap into more than Sh1 trillion held in SACCO deposits to bankroll infrastructure projects through the proposed National Infrastructure Fund and infrastructure bonds.
By David Bogonko Nyokang'iSpeaking on Radio Generation on Thursday , Marube said misinformation circulating on social media about the proposed Sacco Societies (Amendment) Bill has caused unnecessary anxiety among millions of cooperative members.
By David AbonyoSpeaking on Radio Generation on Thursday, he said the continued growth of SACCOs reflects their ability to address gaps that other financial institutions have been unable to fill.
By David AbonyoHassan has likened SASRA's role in the Sacco industry to that of the Central Bank of Kenya in the banking sector.
By Maureen KinyanjuiSpeaking on Radio Generation on Tuesday, Mwinamo argued that SACCOs remain one of the few reliable financing options for small and medium-sized enterprises (SMEs), many of which struggle to access bank loans.
By David AbonyoAccording to Kindiki, the new law, together with ongoing reforms in the SACCO sector, will strengthen oversight mechanisms and help safeguard deposits held by cooperative institutions.
By Maureen KinyanjuiThe initiative seeks to expand lending to viable businesses by partnering with commercial banks, SACCOs, microfinance banks and digital credit providers, with the goal of supporting enterprise recovery and promoting long-term economic growth
By Chrispho OwuorAccording to Sasra, regulated Saccos were managing 18.95 million deposit accounts worth a combined Sh832.8 billion as of December 2025. Of these accounts, 16.88 million held less than Sh50,000. Together, they accounted for Sh45 billion, representing just 5.36 per cent of the total deposits held within the regulated Sacco sector.
By Maureen KinyanjuiAccording to the SACCO Societies Regulatory Authority (SASRA) Quarterly Statistical and Soundness Report released by The Sacco Regulator on Monday, for the period ending March 2026, lending to the land and housing sector remained the largest credit segment, accounting for Sh33.74 billion of the Sh115.73 billion advanced across all economic sectors
By Chrispho OwuorUnder the directive, NTSA has suspended the licensing of new public transport operators, including Saccos and companies, for a period of 24 months. The Authority has also halted the addition of new routes and extension of existing routes for 12 months.
By Bradley BosireHe further cautioned that persistent governance challenges remain a major threat to the cooperative movement, calling for stronger accountability mechanisms to safeguard public confidence in Saccos.
By Bradley BosireSpeaking during the event, Ruto confirmed that he will personally join the Sacco and contribute to its initial capital base following consultations with Cooperatives and MSMEs Cabinet Secretary Wycliffe Oparanya.
By Bradley BosirePS Kilemi outlined that the government had sought to improve transparency in the coffee value chain by separating responsibilities among regulatory agencies
By Chrispho OwuorThe Bill is designed to replace the current Co-operative Societies Act and align the sector with the 2010 Constitution and devolution
By Chrispho OwuorThe State Department for Cooperatives says it needs Sh15.28 billion for 2026/27, but the National Treasury allocated Sh6.98 billion, leaving an Sh8.3 billion gap. PS Patrick Kilemi warned this may slow cooperative and coffee programmes.
By David Bogonko Nyokang'iKenya Development Corporation has opened fully online applications for the SAFER Fund, a World Bank-backed programme to expand affordable credit for MSMEs. SACCOs, microfinance banks and Tier III lenders can apply between May 5 and June 2, 2026.
By Chrispho OwuorIn a Radio Generation interview on Thursday, he emphasised the need for financial literacy, disciplined saving, and responsible borrowing, describing debt as a good servant, but a terrible master when misused.
By Chrispho OwuorKenya’s SASRA has ordered all regulated SACCOs to deploy 24/7 cyber monitoring, offline backups and tighter controls ahead long holiday weekends, citing increased cyber-attack risks and insider collusion threats.
By David AbonyoDetails contained in a report prepared by a committee of experts appointed by Co-operative and MSMEs Development Cabinet Secretary Wycliffe Oparanya show that the team engaged officials from the Kenya Deposit Insurance Corporation (KDIC) during consultations on reforms in the sacco sector.
By Maureen KinyanjuiIn these Saccos, members’ funds are used to buy shares and provide loans. While share capital cannot be withdrawn, it can be transferred to another member when exiting.
By Rose Achieng