Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KUSCCO liquidation puts Kenya’s co-operative regulator under scrutiny Questions grow over whether the collapse could have been prevented Liquidation must be followed by asset recovery and accountability The liquidation of the Kenya Union of Savings and Credit Co-operative Organisations (KUSCCO) raises questions that go beyond the organisation’s reported financial difficulties. At the heart of the…
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…
Commission calls for stronger controls to prevent corruption and protect resources Co-operatives department commits to reviewing and implementing recommendations The Ethics and Anti-Corruption Commission (EACC) has flagged governance and oversight weaknesses in Kenya’s co-operative sector that could open the door to corruption. The Commission presented its report on the examination of systems in the co-operative…
The Sacco movement recorded strong growth in 2025, with regulated assets rising to KSh1.21 trillion, membership surpassing 7.8 million, and Kenya ranked ninth globally in Sacco membership, making it Africa’s leading cooperative economy. Gov’t reforms, including the Sacco Societies (Amendment) Bill 2025, propose a Central Liquidity Facility, deposit guarantee fund, stricter registration rules, and mandatory…
