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

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…

ACCOSCA graduates co-op professionals from 12 countries

Sacco ReviewAugust 25, 202602 mins

Nearly 50 cooperative finance professionals from 12 countries have graduated from ACCOSCA’s ADE Programme. The seven day training focused on stronger Sacco leadership, governance and financial inclusion. Applications for the 2027 ADE classes open on September 1, 2026. Nearly 50 cooperative finance professionals from 12 countries have completed the African Development Educators (ADE) Programme in…

ACCOSCA champions Africa’s cooperative voice in Fiji

Sacco ReviewAugust 21, 202603 mins

ACCOSCA takes Africa’s cooperative finance experience to a major global dialogue in Fiji. The engagement highlights how cooperative finance can drive inclusive economic participation. African and Pacific stakeholders explore stronger collaboration to advance the cooperative movement. The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) has taken Africa’s cooperative finance experience to a high-level…

Stima Sacco, Taqwa Sacco explore Shariah compliant financial solutions

Sacco ReviewAugust 20, 202602 mins

Stima and Taqwa Saccos explore closer cooperation Saccos discuss Shariah compliant financial solutions Focus shifts to diverse member needs Stima Sacco Society Limited has hosted Taqwa Sacco chief executive officer Dunia Jarso for a courtesy visit focused on strengthening cooperation within Kenya’s cooperative finance sector. The meeting with Stima Sacco chief executive officer Dr Gamaliel…

KUSCCO submits Finance Bill 2026 proposals, warns of systemic risks in SACCO tax policy

Sacco ReviewMay 27, 2026May 27, 202605 mins

The Kenya Union of Savings and Credit Co‑operatives (KUSCCO) has formally submitted the sector’s consolidated recommendations on the Finance Bill 2026/27 to the National Assembly, warning that poorly aligned tax measures could destabilise cooperative finance and burden households already grappling with rising living costs. At the heart of the submission is opposition to taxing internal…

Annual Ksh3 billion SACCO losses raise alarm over weak oversight

Sacco ReviewJuly 5, 202505 mins

The cooperative finance sector in Kenya is under growing scrutiny as fresh revelations expose extensive financial mismanagement and fraud across savings and credit cooperatives (SACCOs), with annual losses exceeding Ksh3 billion. According to the Sacco Societies Regulatory Authority (SASRA), these massive losses are attributed to poor governance, unremitted member contributions, liquidity challenges and a widespread…