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

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…