Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Members of Savings and Credit Cooperative Organisations (SACCOs) could soon enjoy significant tax relief if proposals presented to the National Treasury are adopted in the upcoming 2026/27 national budget. The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has urged the Treasury to scrap excise duty on member-based transactions, arguing that the levy unfairly penalises…
Kenya Union of Savings and Credit Co-operatives (KUSCCO) in collaboration with African Confederation of Co-operative Savings and Credit Associations (ACCOSCA), is set to host the 8th Eastern Regional Bloc Forum, a key event for SACCO stakeholders in the region. The forum, which is scheduled to take place from April 15th to 17th, 2026, at the…
Members of the KUSCCO Housing Cooperative Society have sharply criticized the Commissioner for Cooperative Development over what they termed as deliberate delays in endorsing the society’s rebranding process. Led by their chairman, Joseph Mukumi, the members said the society fulfilled all the required conditions for rebranding several months ago, but the Commissioner has yet to…
Kenya Union of Savings and Credit Cooperatives (KUSCCO) led by Group Managing Director Arnold Munene,  has appeared before the National Treasury to advocate for the interests of the SACCO sector as part of the 2026/2027 National Budget preparations. In a significant move for Kenya’s SACCO movement, KUSCCO delivered submissions at the National Treasury Building in…
The Committee of Experts reviewing Kenya’s SACCO legal and regulatory framework has called for immediate reforms at the Kenya Union of Savings and Credit Co-operatives Ltd (KUSCCO) to restore public confidence following a massive fraud scandal. The scandal, which saw over Ksh13.3 billion misappropriated from member SACCOs, involved illegal withdrawals, unauthorized transfers, and unsupported executive…
KUSCCO (Kenya Union of Savings and Credit Co-operative Society) Housing Unit, a subsidiary that was set up under the Union’s now cash-strapped Central Finance Fund(CFF), is under investigation by the Office of the Commissioner for Cooperative Development. The move follows the dramatic collapse of the giant Union, dragging along with its assets and financial investments…
The Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Wycliffe Oparanya has raised concern over growing financial mismanagement within savings and credit co-operative societies (SACCOs), warning that some institutions are pressuring the ministry to allow them to declare interest on deposits and dividends without adequate revenues or cash flows to support the…
The Cooperatives and Micro, Small, and Medium Enterprises (MSMEs) Development Cabinet Secretary Wycliffe Oparanya has warned that dormant and non-compliant SACCOs face deregistration and liquidation in accordance with the law. Speaking during the opening of the 11th Annual SACCO Leaders Convention organized by Kenya Union of Savings and Credit Co-operatives (KUSCCO) Limitedd at the PrideInn Hotel…
The government has appointed CPA Peter Wanjohi Kiama as the interim Chief Executive Officer of Kenya Union of Savings & Credit Cooperatives (KUSCCO)Â Limited as part of efforts to stabilise the organization. Kiama has been seconded from the State Department for Cooperatives, where he previously served as Deputy Commissioner for Cooperative Development. He will take up…
The High Court has temporarily stopped the auction of assets belonging to the Kenya Union of Savings and Credit Cooperatives (KUSCCO) after the umbrella body challenged enforcement of a Ksh108.8 million debt owed to RUPSA Sacco. Justice Linus Kassan granted a 30-day stay, halting the sale of KUSCCO’s motor vehicles and office equipment to allow…
