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

Sacco mergers and deposit guarantee fund top Oparanya agenda

Sacco ReviewOctober 6, 202606 mins

Government pushes smaller Saccos towards consolidation as reforms gather pace New safeguards could change how members’ savings are protected KUSCCO’s collapse highlights wider risks facing the Sacco sector Kenya’s Savings and Credit Cooperative Society (Sacco) sector is heading for consolidation, with the government encouraging smaller societies to merge and a new law expected to cushion…

KUSCCO liquidation petition struck out by High Court

Sacco ReviewSeptember 29, 202604 mins

High Court strikes out petition seeking to liquidate KUSCCO Court rules cooperative societies fall under a separate legal framework Commissioner appoints a liquidator to oversee KUSCCO’s affairs The High Court has struck out an insolvency petition seeking to liquidate the Kenya Union of Savings and Credit Cooperatives Limited (KUSCCO). Nairobi’s Milimani High Court ruled that…

Saccos make Sh8.34bn provisions for KUSCCO exposure

Sacco ReviewSeptember 28, 202605 mins

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…

CAK urges Parliament to speed up cooperative bill

Sacco ReviewSeptember 9, 202607 mins

Cooperative Societies Bill nears final parliamentary hurdle after 14 years. Proposed law seeks stronger governance and protection of Sacco members. CAK calls for tax clarity and greater youth participation in cooperatives. Kenya’s cooperative movement is bracing for a new legal framework, with sector leaders saying the long-awaited Cooperative Societies Bill is nearly through its final…

Cooperatives urged to embrace tech, strengthen governance

Sacco ReviewSeptember 8, 202606 mins

Cooperatives urged to embrace technology and strengthen governance. Leaders warned to improve risk management following KUSCCO’s liquidation. Tax gaps, cybersecurity and climate change emerge as key concerns. Cooperative societies have been urged to embrace technology, strengthen governance and continuously improve their skills to remain competitive in a rapidly changing business environment. Institute of Directors Kenya…

U&M Housing distances itself from KUSCCO liquidation

Sacco ReviewSeptember 7, 202603 mins

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 liquidation raises hard questions for the regulator

Sacco ReviewSeptember 7, 202608 mins

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 liquidators challenged by Rupsa Sacco in court

Sacco ReviewSeptember 7, 2026September 11, 202602 mins

Rupsa Sacco challenges KUSCCO liquidators Sacco wants an independent insolvency practitioner Court case adds pressure to KUSCCO restructuring Ruiru-based Rupsa Sacco has moved to the High Court to block three liquidators appointed by the Commissioner for Co-operative Development. The liquidators were appointed for the Kenya Union of Savings and Credit Co-operatives (KUSCCO), the cooperative sector’s…

Angry KUSCCO members blame Government for lost billions

Sacco ReviewSeptember 2, 202606 mins

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…

Let KUSCCO’s fall become a lesson, not a funeral

Sacco ReviewSeptember 1, 202609 mins

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,…