
Kenya's Savings and Credit Cooperative Societies have continued to expand despite difficult economic conditions, according to the latest report from the SACCO Societies Regulatory Authority (SASRA). The sub-sector recorded growth in member deposits, the loan book and overall balance sheet size, with the total balance sheet for all regulated SACCOs rising compared to the previous period. The figures suggest the cooperative movement remains resilient, attracting more savings from members even as households and businesses face financial pressure across the economy.
AI summary. Verify with the original source.
Read full story at Business Today (KE) ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

Deputy President Kindiki emphasized the importance of cooperatives in driving Kenya's economic transformation, highlighting that approximately 14 million Kenyans are members of such organizations. This includes 8 million individuals who are part of Savings and Credit Cooperative Organisations (SACCOs), which together manage savings exceeding Sh1 trillion.
Eastleigh Voice·July 4, 2026 at 2:18 PMLeaders, including National Assembly Speaker Moses Wetang’ula, have encouraged boda boda riders to join Savings and Credit Cooperative Organizations (SACCOs) and invest in income-generating projects to enhance their livelihoods and achieve financial stability. This message was delivered during a boda boda empowerment forum at Mungatsi Primary School in Nambale Sub-county, where Wetang’ula highlighted the benefits of the newly launched Shirikiana Digital SACCO.
Kenya News Agency·July 5, 2026 at 2:51 PM
The Kenya Government is focusing on Cooperative Societies to revitalize the struggling Coffee sector, aiming to restore its past success reminiscent of the 1970s. President William Ruto recently launched the Coffee Revival Through Cooperative Societies Programme in Kirinyaga, which is part of these efforts to improve the industry's fortunes.
Business Today (KE)·June 24, 2026 at 6:18 PMCooperatives and Micro Small Enterprise Development CS Wycliffe Oparanya has praised the cooperative movement for its significant role in Kenya's economic development. He noted that savings and credit cooperatives (saccos) and other cooperatives greatly contribute to the country's gross domestic product and improve livelihoods across various sectors, including agriculture, education, and the environment.
Kenya News Agency·July 5, 2026 at 12:29 PMThe Kenyan government is working to modernize the cooperative movement through a new cooperative bill and increased public investment. This initiative aims to strengthen governance, protect members' savings, and enhance the sector's contribution to economic growth. Deputy President Prof. Kithure Kindiki stated that the Cooperative Bill, which is currently under consideration in Parliament, represents a significant reform effort.
Kenya News Agency·July 4, 2026 at 5:26 PM
Lagos State Governor Sanwo-Olu, represented by Babatunde Onigbanjo, announced the launch of a N10 billion Cooperative Fund aimed at promoting the growth of micro, small, and medium enterprises (MSMEs) and fostering peace in the region. The governor highlighted that over 16,000 cooperative societies are registered in Lagos, which operate through 24 Area Offices and play a crucial role in grassroots economic development.
PM News (NG)·July 4, 2026 at 4:55 PM