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

KUSCCO shareholders approve dissolution, back new cooperative body

Sacco ReviewAugust 29, 202609 mins

KUSCCO shareholders have approved the union’s dissolution as debts far outweigh its assets. Members have backed a new umbrella body, KEFESCO, focused on advocacy, training, research and consultancy. A creditor has moved to court to challenge the transition, putting the new federation’s future in question. Shareholders of the Kenya Union of Savings and Credit Cooperatives…

KUSCCO shareholders approve liquidation, new body

Sacco ReviewAugust 28, 202604 mins

KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…

Wakulima Sacco takes financial education to Kieni farmers

Sacco ReviewAugust 28, 202602 mins

Wakulima Sacco has stepped up its grassroots engagement with farmers in Kiaragana, Endarasha and Kieni, Nyeri, as it seeks to strengthen members’ understanding of its financial products and services. During the engagement, the Sacco shared information on shares and deposits, loan products, medical and livestock insurance, as well as its mobile money platforms. The outreach…

Saccos set to adopt full-file credit information sharing system

Sacco ReviewAugust 28, 202606 mins

Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…

Sheria DT Sacco trains staff on Islamic finance

Sacco ReviewAugust 28, 202602 mins

Sheria DT Sacco is strengthening its capacity to offer Shariah-compliant financial solutions following an Islamic finance training workshop for its staff. The capacity-building programme, facilitated by BTI College, focused on equipping employees with knowledge of Islamic finance principles and their application in delivering financial products tailored to members with diverse needs. READ: KETSA to host…

Saccos face reckoning as KUSCCO losses go to a vote

Sacco ReviewAugust 27, 202604 mins

Friday’s vote could determine how Saccos absorb billions lost in the KUSCCO crisis. Affected Saccos have already been forced to recognise losses and set aside provisions. Pressure is mounting for accountability as members seek answers over how the funds disappeared. Kenyan Saccos head into Friday’s KUSCCo special general meeting still counting the cost of a…

Sacco liquidity plans stall as Cooperatives Bill delays persist

Sacco ReviewAugust 27, 202606 mins

Saccos await legal reforms that could unlock shared liquidity and cheque clearing access. Delays in the Cooperatives Bill are slowing efforts to strengthen governance and competition. Industry leaders say a unified payments and lending platform could boost deposits, loans and membership. Saccos offering Front Office Service Activity (FOSA) are losing ground to rival lenders. Parliament…

KETSA to host annual CEOs workshop for SACCO leaders

Sacco ReviewAugust 27, 202604 mins

KETSA will bring SACCO CEOs together in Mombasa for its 2026 annual workshop. Leaders will explore innovation and ways to expand Sacco services for changing member needs. The five day event will focus on strategies to strengthen the sector’s impact and competitiveness. The Kenya Teachers SACCO Association (KETSA) is set to host its Annual CEOs…

ACCOSCA seeks deeper partnerships to strengthen Sacco sector

Sacco ReviewAugust 27, 202605 mins

ACCOSCA is seeking stronger partnerships to build trust and advance SACCO development across Africa. The organisation says collaboration with regulators, government and media can strengthen cooperative institutions and policy engagement. Stakeholders have called for stronger cross border cooperation as African economies become more interconnected. The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) is…

IG SACCO to close branches early on Saturday for system maintenance

Sacco ReviewAugust 27, 202602 mins

IG SACCO will close its branches early on Saturday for scheduled system maintenance. Branches will close at 11am, while the Head Office will remain open until 12.30pm. Members can continue accessing services through the SACCO’s digital channels during the maintenance period. IG SACCO will temporarily scale down its physical branch operations on Saturday, August 29,…