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State rejects SACCOs request to pay interest and dividends from loans

Sacco ReviewFebruary 19, 202604 mins

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…

Oparanya warns dormant, non-compliant SACCOs to face deregistration in sector cleanup

Sacco ReviewFebruary 18, 202606 mins

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…

Gov’t appoints Wanjohi as interim KUSCCO CEO to stabilise the organization

Sacco ReviewFebruary 5, 202604 mins

The government has appointed CPA Peter Wanjohi Kiama as the interim Chief Executive Officer of Kenya Union of Savings & Credit Cooperatives (KUSCCO) 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…

High Court halts auction of KUSCCO assets over Ksh108.8 million debt

Sacco ReviewJanuary 31, 202602 mins

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…

RUPSA Sacco moves to auction KUSCCO assets to recover Ksh.108.8 Million

Sacco ReviewJanuary 29, 202603 mins

RUPSA Sacco, formerly known as PCEA Ruiru Sacco, has announced plans to auction the movable assets of the Kenya Union of Savings and Credit Cooperative Limited (KUSCCO) in a bid to recover Ksh.108.8 million in deposits and accrued interest. The move comes after the apex cooperative allegedly failed to comply with court orders directing it…

The Governor of the Central Bank of Kenya-Dr. Kamau Thugge-Photo|Courtesy

Banks and SACCOs push Treasury to ease PAYE, raise tax‑free threshold to KSh40,000

Sacco ReviewJanuary 10, 202604 mins

Commercial banks and savings and credit cooperatives (SACCOs) have urged the National Treasury to ease payroll taxes to shore up workers’ disposable income, citing rising deductions and persistent inflation that have eroded real wages. In separate submissions, the Kenya Bankers Association (KBA) and the Kenya Union of Savings and Credit Cooperatives (KUSCCO) called for reforms…

KUSCCO to host 11th SACCO Leaders Convention in Mombasa in February 2026

Sacco ReviewJanuary 9, 202603 mins

The Kenya Union of Savings and Credit Cooperatives (KUSCCO) will host the 11th SACCO Leaders Convention (SLC) in Mombasa from February 17 to 19, 2026, bringing together SACCO board members, chief executive officers, senior managers and key sector stakeholders to discuss the future of the cooperative movement. The convention, to be held at PrideInn Paradise…

KUSCCO proposes amendments of Tax Act to provide uniform tax for all SACCOs

Sacco ReviewJanuary 6, 202604 mins

Kenya Union of Savings & Credit Co-operatives (KUSCCO) has submitted policy proposals to the National Treasury aimed at strengthening SACCOs and protecting member welfare. Among the proposals is the amendment of Section 19A of the Income Tax Act (ITA) to provide a uniform tax treatment for all types of cooperatives societies, recognizing their shared goals…

Kenya’s cooperative sector in 2025: Progress, promise and peril

Sacco ReviewDecember 22, 2025011 mins

The year 2025 will be remembered as a defining chapter for Kenya’s cooperative sector, one marked by ambition, innovation, and uncomfortable truths. It was a year when Saccos demonstrated their enduring relevance in a rapidly digitizing economy, while simultaneously confronting one of the most serious governance crises in the history of the movement. Together, these…

KUSCCO begins Ksh6.2 Billion refunds owed to SACCOs

Sacco ReviewDecember 11, 2025December 11, 202503 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has officially begun disbursing refunds to SACCOs, marking the first major step in settling the Ksh6.2 billion it owes its members. The long-awaited repayments follow a financial crisis at the union that was attributed to mismanagement and fraudulent activities under previous leadership. Co-operatives and MSMEs Cabinet…