Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
KUSCCO has listed 42 properties across 12 counties for public auction in November. The sales will take place in Nairobi, Kisumu and Mombasa in three phases. The auction comes as the cooperative umbrella body undergoes liquidation amid financial difficulties. The Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limited has advertised 42 properties for public…
Regulated Saccos increased investments across cooperative institutions and financial markets in 2025. Green bonds emerged as a new investment option as Saccos diversified their portfolios. The KUSCCO crisis continues to shape how Saccos account for affected deposits and shares. Regulated Savings and Credit Cooperative Societies (Saccos) increased their investments in cooperative institutions, government securities and…
KUSCCO borrowers face continued repayment obligations despite the organisation’s ongoing liquidation. Creditors have been asked to take formal steps to have their outstanding debts recognised. The winding-up process has placed fresh attention on the requirements for borrowers and creditors. The Kenya Union of Savings and Credit Co-operatives Union Limited (KUSCCO) has directed all its debtors…
KUSCCO borrowers have been directed to continue servicing their loans as the liquidation process proceeds. The liquidator has invited creditors to submit formal claims for outstanding debts. Creditors who delay verifying their claims risk missing out on payments made before verification. Borrowers of the struggling Kenya Union of Savings and Credit Co-operatives (KUSCCO) must keep…
Imarika DT Sacco says it fully provided for its KUSCCO exposure by 2025 The Sacco says its capital and liquidity position enabled it to maintain member payouts Imarika has tightened investment and risk controls following the KUSCCO crisis Imarika DT Sacco says it fully provided for its Kenya Union of Savings and Credit Cooperatives (KUSCCO)…
Saccos have set aside billions as losses tied to their KUSCCO investments KUSCCO is moving towards liquidation after members approved the process Sasra is strengthening digital supervision as new financial and cyber risks emerge Savings and Credit Co-operative Societies (Saccos) that had invested shares and deposits with the Kenya Union of Savings and Credit Co-operatives…
U&M Housing says it is separate from KUSCCO liquidation Society changed its name to distance itself from KUSCCO Members assured operations and services remain unaffected You and Me Housing Co-operative Society Ltd (U&M Housing) has moved to reassure its members that it has no link to the ongoing liquidation of the Kenya Union of Savings…
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 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…
KUSCCO’s collapse raises fresh concerns over members’ money and accountability. Liquidators face pressure to recover assets and answer key financial questions. The crisis offers lessons on governance, investment controls and transparency. The giant Kenya Union of Savings and Credit Co-operatives (KUSCCO) has reached a dramatic turning point after members resolved on Friday, August 28, 2026,…
