SACCO savings top Sh1 trillion as government pushes reforms

SACCOs now hold more than Sh1 trillion in member savings as the government steps up reforms to strengthen governance, financial resilience and technology across the cooperative movement...

✨ Key Highlights

Kenya's savings and credit cooperative societies (SACCOs) have surpassed Sh1 trillion in member savings, a significant milestone announced during the 104th International Day of Cooperatives. The government is actively implementing reforms to strengthen the cooperative sector's governance and financial resilience.

Sh1 trillion in total member savings amassed by Kenyan SACCOs.
Key figures include Deputy President Kithure Kindiki and Cabinet Secretary Wycliffe Oparanya.
The Kenya National Police Deposit-Taking (DT) SACCO was recognized as the top-performing SACCO, winning multiple awards.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article

Related News

Video

Treasury Addresses Plans to Use Ksh1 Trillion SACCO Savings for Infrastructure

The National Treasury has strongly denied claims circulating on social media that the government intends to borrow over Ksh1 trillion in SACCO savings for the National Infrastructure Fund.

Kenyans

📰 Read Full Story

top3w ago

Government Allocates Sh177.2 Billion to Health Sector in Push for Universal Health Coverage

The Kenyan government has proposed a substantial budgetary allocation of Sh177.2 billion to the health sector for the 2026/27 financial year, signaling a strong commitment to achieving Universal Health Coverage (UHC).

Capital News

📰 Read Full Story