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

Government resumes Sacco registrations with tougher rules to safeguard members’ savings

Sacco ReviewMay 16, 2026May 16, 202603 mins

The government has lifted its year‑long suspension on the registration of new Savings and Credit Cooperative Organisations (SACCOs), but applicants will now face stricter requirements aimed at strengthening governance and protecting members’ deposits. Speaking during the launch of preparations for this year’s International Co-operative Day celebrations, popularly known as Ushirika Day, Commissioner for Co‑operative Development…

Government intensifies SACCO reforms as Oparanya defends recovery efforts at KUSCCO and Metropolitan SACCO

Sacco ReviewMay 15, 202606 mins

Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya has assured the Senate that the Government is accelerating reforms in the Savings and Credit Cooperative (SACCO) sector in a bid to strengthen governance, safeguard members’ savings, and restore public confidence in cooperative financial institutions. Appearing before the Senate Standing Committee on Trade, Industrialisation, and Tourism,…

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 2026May 14, 202606 mins

Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…

TNT Sacco sets KSh4.5 billion asset target in new growth plan

Sacco ReviewMay 12, 2026May 14, 202604 mins

Trans‑National Times (TNT) Sacco delegates have endorsed a three‑year strategic plan aimed at expanding the cooperative’s asset base to KSh 4.5 billion. The plan, adopted during the annual delegates’ meeting, is designed to strengthen financial stability while enhancing service delivery to members. Speaking at the launch, Sacco Chairman Dr Evans Sichangi said the blueprint goes…

KUSCCO pushes for tax relief on SACCO transactions in 2026/27 budget submissions

Sacco ReviewApril 6, 202604 mins

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…

KUSCCO to host 8th Eastern regional bloc SACCO stakeholders’ forum in Mombasa

Sacco ReviewMarch 30, 202603 mins

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…

KUSCCO Housing Cooperative members blast Commissioner over rebranding delays

Sacco ReviewMarch 29, 202603 mins

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…

KUSCCO led by MD Arnold Munene at the National Treasury to advocate for the interests of SACCOs as part of the 2026 2027 National Budget preparations.

KUSCCO presents key recommendations for 2026/27 National Budget

Sacco ReviewMarch 26, 202603 mins

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…

Key recommendations to restore trust in KUSCCO

Sacco ReviewMarch 22, 202607 mins

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 mortgage business under regulator’s probe

Sacco ReviewMarch 7, 202607 mins

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…