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

Kenya to host 24th SACCA Congress in October

Sacco Review4 weeks ago4 weeks ago03 mins

Kenya is set to host the 24th Savings and Credit Cooperatives Associations (SACCA) Congress on October 6-12, 2024 in Naivasha, Nakuru County. The 2024 SACCA Congress will be organised by African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) in collaboration with the Ministry of Cooperatives and MSMEs Development and Kenya Union of Savings and…

Change of guard as KUSCCO gets new Chairman, Managing Director

Sacco Review3 months ago3 months ago04 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has made changes to its top leadership after the departure of National Chairman George Magutu and the Group Managing Director George Ototo. In a circular addressed to all Savings and Credit Co-operatives (SACCOs) dated January 15, 2024; David Langat from Imarisha Sacco in Rift Valley region…

Kwara set to launch global app to ease Sacco transactions

Sacco Review5 months ago5 months ago04 mins

Kwara is set to launch its own mobile application, the Kwara Connect App, which will enable Sacco members to manage their accounts, make digital repayments and deposits, check balances and statements, apply for mobile loans and request guarantors online. “We’ve had an amazing adventure together, completely transforming the way you interact with Savings and Credit…

KUSCCO rubbishes claims it’s engaging in illegal businesses

Sacco Review5 months ago5 months ago07 mins

Kenya Union of Savings and Credit Co-operatives (KUSCCO), the umbrella body for Savings and Credit Cooperatives (SACCOs) in Kenya, has maintained that it doesn’t engage in any illegal business and operates within the stipulated laws that govern its operations. In a letter dated October 12, 2023 sent to all Sacco Chairpersons and which was a…

Sacco auditing should be done only by SASRA, KUSCCO says

Sacco Review8 months ago7 months ago03 mins

Kenya Union of Savings and Credit Cooperatives (KUSCCO) Advocacy Manager Mercy Njeru has urged the government to allow only the official regulator to audit Saccos in the country for improved efficiency, transparency and confidence among cooperative societies. Njeru said currently there are many state agencies competing to audit Saccos, raising suspicion among Saccos to the…

Women and youth urged to take leadership positions in the Coop sector

Sacco Review8 months ago8 months ago02 mins

Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their societies to take them to the next level. Magutu said for many years, youth and women have been sidelined and they must be ready to take up positions, even that of…

KUSCCO marks 50 years of service with Ksh2.9B in share capital

Sacco Review8 months ago8 months ago03 mins

Kenya Union of Savings & Credit Co-operatives (KUSCCO) has marked its 50 years of existence with a share capital of Ksh2.99 billion in 2022 that had risen from Ksh2.81 billion previously, which represents a growth of 6.4 per cent. National Chairman George Magutu revealed this as he highlighted their achievements in the housing sector, where…

Sacco leaders urged to embrace technology for smooth operations

Sacco Review8 months ago8 months ago05 mins

Sacco leaders have been urged to use the appropriate technology to run Sacco operation so as to spur growth. Martin Kimani, an Associate Director in KPMG’s Technology Transformation Unit and a speaker at the forum, told the leaders that technology reaches more ground and keeps up with the ever changing business environment. Kimani said that…

Change beckons as KUSCCO boss hints at coops forming federations

Sacco Review8 months ago8 months ago06 mins

All Cooperatives will in future become federations and subscribe to an apex body, Kenya Union of Savings and Credit Cooperatives (KUSCCO) Group Managing Director George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. “The economic participation of our business…

Change beckons as KUSCCO boss hints at coops forming federations

Sacco Review9 months ago9 months ago06 mins

All Cooperatives will in future become federations and subscribe to an apex body, group managing director of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. Ototo revealed this while…