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

SASRA guides 700 Sacco officers on new supervision system

Sacco ReviewSeptember 3, 202602 mins

SASRA trains over 700 SACCO officers on its new supervision system. The online platform will streamline 2027 licence renewal submissions. DT and NWDT SACCOs face separate deadlines for compliance. The Sacco Societies Regulatory Authority (SASRA) held a virtual sensitisation session attended by over 700 participants drawn from regulated Deposit Taking (DT) and Non-Withdrawable Deposit Taking…

Angry KUSCCO members blame Government for lost billions

Sacco ReviewSeptember 2, 202606 mins

KUSCCO members accuse the Government of failing to recover billions in lost funds. An audit found the union insolvent, with liabilities far exceeding its assets. Nearly 300 court cases are piling pressure on KUSCCO as recovery efforts stall. Enraged members of the Kenya Union of Savings and Credit Co-operatives (KUSCCO) have accused the Government of…

KUSCCO staff pin hopes on new federation amid uncertainty

Sacco ReviewSeptember 2, 202605 mins

KUSCCO employees face an uncertain future after liquidation. Years of financial troubles have already cut the workforce sharply. Workers hope a new federation will rebuild trust and stability. The decision to dissolve the Kenya Union of Savings and Credit Co-operatives (KUSCCO) has also cast a shadow over its employees, many of whom are reportedly distressed…

Mwalimu National Sacco extends Islamic finance to mosque

Sacco ReviewSeptember 1, 202602 mins

Mwalimu National Sacco has partnered with Pumwani Mosque on Islamic finance. Mosque staff will access Shariah compliant financial services. The deal expands the Sacco’s financial inclusion reach. Mwalimu National Sacco has signed a Memorandum of Understanding (MoU) with Pumwani Mosque to onboard staff onto Shariah-compliant financial services. Mwalimu National DT Sacco has signed a Memorandum…

Muki Sacco marks Mlolongo branch’s first anniversary

Sacco ReviewSeptember 1, 202602 mins

Muki Sacco’s Mlolongo Branch has marked its first anniversary, celebrating a year of serving members in the fast-growing area. The milestone highlights the Sacco’s continued expansion as it seeks to bring savings, credit and other financial services closer to members. Since opening its doors, the branch has focused on growing its membership while supporting members…

Kenya National Police Sacco CEO Atsiaya elected university alumni chair

Sacco ReviewSeptember 1, 202601 mins

Kenya National Police DT Sacco CEO Solomon Atsiaya has been elected Chairperson of the Co-operative University of Kenya Alumni Association. Atsiaya will lead the alumni association as it seeks to strengthen alumni engagement, mentorship and collaboration while supporting the university’s institutional development. READ ALSO: Milk vanishes from shelves as COFEK warns of price surge His…

Where did KUSCCO’s Sh17bn go? Saccos face gap

Sacco ReviewSeptember 1, 2026September 5, 202603 mins

Saccos face potential losses as KUSCCO’s liabilities far exceed recoverable assets. Millions held by individual Saccos could be at risk as liquidation begins. The recovery process will determine how much money creditors get back. Savings and Credit Co-operative Society (SACCO) members could feel the financial fallout from KUSCCO’s collapse after the organisation was placed under…

KUSCCO officially liquidated through Gazette Notice

Sacco ReviewSeptember 1, 2026September 1, 202604 mins

KUSCCO has officially been placed under liquidation. The union faces a Ksh11.6 billion financial deficit. Three officials will oversee the liquidation. KUSCCO has been placed under liquidation via Gazette Notice No. 13997, after members resolved to dissolve the union amid a Ksh 11.6 billion deficit. The Kenya Union of Savings and Credit Co-operative Societies (KUSCCO)…

Univision DT Sacco trains delegates on governance and leadership

Sacco ReviewAugust 31, 202602 mins

Univision DT Sacco has brought together its delegates for a two-day training programme focused on strengthening leadership, governance and accountability within the society. Held on August 28 and 29, 2026, the training provided delegates with an opportunity to deepen their understanding of their roles while engaging in discussions on the Sacco’s strategic direction and future….

Cosmopolitan DT Sacco bids farewell to John Ngari after 36 years

Sacco ReviewAugust 31, 202602 mins

Cosmopolitan DT Sacco (Savings and Credit Co-operative Organisation) has celebrated the retirement of John Ngari, marking the end of a 36-year career with the Sacco. The retirement celebration brought together the Sacco’s Board of Directors and staff from its various branches at Flamingo Resort & Spa, where colleagues honoured Ngari for his longstanding contribution to…