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

New era for African Saccos as Otu-Nyarko wins ACCOSCA chair

Sacco ReviewOctober 20, 202605 mins

A new leader has emerged at the helm of Africa’s cooperative finance movement following a key continental meeting in Tanzania. The unopposed election signals a leadership transition as the organisation pursues stronger governance and sustainable growth. Attention now turns to the priorities that will shape cooperation among African Saccos and credit unions under the incoming…

KUSCCO audit report demanded from PwC in Sacco fund case

Sacco ReviewOctober 19, 202604 mins

Lawyers have given PwC seven days to release its forensic audit of collapsed KUSCCO for a pending High Court petition. The petitioner argues that the Sacco Deposit Guarantee Fund remains non-operational despite being established under the 2008 law. The case cites KUSCCO’s reported Ksh12.5 billion deficit and alleged Ksh50 billion in phantom loans at Metropolitan…

Ukaguzi Sacco faces Ksh 47.03 million in loan defaults

Sacco ReviewOctober 17, 2026October 16, 202605 mins

Ukaguzi Sacco’s loan defaults have raised concerns over credit risk management as millions remain unpaid. Recovery of the Sacco’s Ksh 50 million investment in KUSCCO remains uncertain. Unremitted employer contributions add to the financial pressures facing the Sacco. Ukaguzi Sacco is grappling with Ksh 47.03 million in loan defaults and uncertainty over the recovery of…

Kilemi calls for stronger Kenya-Tanzania Sacco ties

Sacco ReviewOctober 16, 202605 mins

Kenya and Tanzania are urged to deepen Sacco cooperation to expand financial inclusion across East Africa. Patrick Kilemi highlights digital transformation, sound governance and partnerships as priorities for cooperative growth. The 2026 SACCA Congress brings together African cooperative leaders to discuss the future of financial cooperatives. Kenya and Tanzania have been urged to deepen cooperation…

Trans Elite Sacco launches dividend advance for members

Sacco ReviewOctober 16, 202602 mins

Trans Elite County Savings and Credit Cooperative Organisation (Sacco) Limited has rolled out a dividend advance facility for its members. The service became available on October 16, 2026. Under the offer, eligible members can access up to 50 per cent of their previous year’s dividends. As a result, members can benefit from part of their…

KUSCCO liquidator tells borrowers to keep paying loans

Sacco ReviewOctober 15, 2026October 15, 202604 mins

KUSCCO borrowers face continued repayment obligations despite the organisation’s ongoing liquidation. Creditors have been asked to take formal steps to have their outstanding debts recognised. The winding-up process has placed fresh attention on the requirements for borrowers and creditors. The Kenya Union of Savings and Credit Co-operatives Union Limited (KUSCCO) has directed all its debtors…

United Winners Sacco visits Kingdom Sacco for benchmarking

Sacco ReviewOctober 15, 202601 mins

United Winners Sacco has visited Kingdom Sacco for a benchmarking exercise focused on technology, customer experience and operational efficiency. The visiting team sought to learn from Kingdom Sacco’s practices in optimising technology and improving service delivery, according to the host institution. Kingdom Sacco said the engagement provided an opportunity for the two institutions to exchange…

Mwalimu National, Mhasibu DT Saccos make CIO100 Awards list

Sacco ReviewOctober 15, 202603 mins

Two Kenyan Saccos have earned places on a major technology recognition list. Digital transformation is gaining prominence as financial co-operatives compete to improve member experiences. The industry is awaiting the final announcement that will determine this year’s recognised organisations. Mwalimu National DT SACCO and Mhasibu DT SACCO have secured places on the CIO100 Awards 2026…

Two Saccos under liquidation as creditors get 60 days to claim

Sacco ReviewOctober 14, 2026October 14, 202604 mins

Two co-operative societies have been placed under liquidation in a move affecting creditors and members. Creditors have been given 60 days to submit outstanding claims and supporting documents. The appointed liquidator is expected to complete the winding-up process within one year, subject to verification of claims and assets. Two cooperative societies have been placed under…

PS Kilemi joins cooperative leaders at SACCA Congress

Sacco ReviewOctober 14, 202605 mins

Cooperatives PS Patrick Kilemi joins African cooperative leaders at the 2026 SACCA Congress in Tanzania. Delegates call on Saccos to expand access to affordable loans and strengthen services for members. The congress focuses on trust, digital innovation, governance and partnerships to boost Sacco sustainability across Africa. Principal Secretary (PS) for Cooperatives Patrick Kilemi has joined…