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

DCI arrests former accountant over Ksh16 million SACCO fraud scheme

Sacco ReviewFebruary 15, 2026February 15, 202603 mins

Detectives from the Directorate of Criminal Investigations (DCI) have arrested a former accountant accused of masterminding a multimillion-shilling fraud scheme that cost a Savings and Credit Cooperative Organization (SACCO) more than Khs16 million. In a social media statement issued earlier today, the DCI confirmed that officers from its Banking Fraud Investigation Unit (BFIU) apprehended Amos…

Kisumu County to review mining laws, demarcate commercial quarries, Say DG Dr. Owili

Sacco ReviewFebruary 14, 202602 mins

The County Government of Kisumu is planning to review and strengthen laws governing mining and quarying activities as well as establishing clear demarcations of commercial quarries including fencing and proper sealing of hazardous sites. This was said by Kisumu Deputy Governor Dr. Mathews Owili during a multi-agency Committee meeting aimed at strengthening the County’s emergency…

SACCOs to have special trading counter at the Nairobi Securities Exchange

Sacco ReviewFebruary 14, 2026February 15, 2026012 mins

The Savings and Credit Cooperative Societies (SACCOs) will soon have a special trading counter at the Nairobi Securities Exchange (NSE), as the financial regulators continue to burn the midnight oil to ensure that the Societies are on boarded at the bourse. This was revealed by Dedan Maina, an investment consultant at Ketu Capital, who said…

CS Oparanya with Committee of Experts during presentation of Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto.

Ruto receives Committee of Experts’ report on transformation of SACCO system

Sacco ReviewFebruary 14, 202604 mins

The Cabinet Secretary for the Ministry of Co-operatives and MSMEs Development, Wycliffe Oparanya, has presented the Committee of Experts’ Report on the Transformation of the SACCO System in Kenya to President William Samoei Ruto. The landmark report marks a significant milestone in the government’s efforts to strengthen the cooperative sector as a pillar of inclusive…

Police asked to probe Ruiru stalls arson attack as traders rebuild structures

Sacco ReviewFebruary 13, 202606 mins

Police have been asked to investigate and prosecute those behind the arson attack on business stalls in Ruiru, Kiambu County as traders began rebuilding their destroyed structures. Local leaders also pledged to initiate legal measures seeking compensation for those who lost their property during last Friday’s fire that gutted more than 100 stalls at Junction…

K-Unity SACCO announces multiple job vacancies on contract basis

Sacco ReviewFebruary 13, 202603 mins

K-Unity Savings and Credit Cooperative Organization (SACCO) has announced several job openings as part of its ongoing efforts to strengthen service delivery and operational efficiency. The SACCO is seeking qualified and experienced professionals to fill the following positions, Branch Manager, Credit Portfolio Officers, Records Management Officer, Call Centre Officers, Recovery Officers, and Legal Clerk. All…

Kenya National Police DT SACCO records growth as assets hit Ksh66 Billion in 2025

Sacco ReviewFebruary 13, 202602 mins

The Kenya Police Savings and Credit Cooperative Organization Deposit Taking ( DT SACCO) has recorded remarkable growth across key indicators in the year ended December 31, 2025, according to financial statements released on Friday. The SACCO’s assets grew from Ksh59.8 billion in 2024 to Ksh66.4 billion in 2025, while member deposits increased from Ksh31.1 billion…

Ruto calls for Sacco overhaul to improve governance, technology

Sacco ReviewFebruary 12, 202602 mins

President William Ruto has called for transformation of Savings and Credit Cooperative Organisations (SACCOs) into stronger, more efficient institutions that directly benefit Kenyan communities. Speaking at State House in Nairobi, after receiving a report from experts who reviewed the governance and operations of SACCOs, President Ruto said there is need for SACCOs to modernize systems,…

MUSCO Sacco back to business after Govt reinstates its license

Sacco ReviewFebruary 12, 202605 mins

The once-struggling Moi University Savings and Credit Society (MUSCO) is set to resume operations after the government reinstated its operating certificate, renewing members hope of securing their savings. This happened on Monday as Uasin Gishu leadership led by Deputy Governor Evans Kapkea, hosted a consultative meeting with the Cabinet Secretary (CS) Cooperatives and MSMEs Development, Wycliffe Oparanya…

Detectives arrest University drop out for allegedly hacking microfinance siphoning Ksh11Million

Sacco ReviewFebruary 12, 2026February 14, 202603 mins

Detectives from the Banking Fraud Investigation Unit (BFIU) have arrested and arraigned former Meru University student Seth Mwabe Okwanyo for allegedly orchestrating a fraudulent scheme that siphoned off Ksh11.4Million from a leading microfinance institution. The 26-year-old self-trained cybersecurity engineer arrest follows a formal complaint lodged by the Microfinance institution, detailing a shocking incident that occurred…