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

Sandagi highlights Saccos’ role in building credit market trust

Sacco ReviewSeptember 10, 202603 mins

Sandagi highlights Saccos’ role in building trust in Kenya’s credit market Peer guarantorship helps members access formal financial services Regulated Saccos now serve 7.87 million members with Ksh1.21 trillion in assets The Sacco Societies Regulatory Authority (SASRA) has highlighted the growing role of Savings and Credit Cooperative Societies (Saccos) in promoting financial inclusion and strengthening…

Gov’t moves to unite Saccos through shared platform

Sacco ReviewSeptember 10, 202607 mins

Government plans shared platform to unite Saccos Sacco Central to support digital services and liquidity sharing Initiative targets stronger governance and financial inclusion The government is working to end fragmentation in Kenya’s cooperative sector by strengthening Saccos and improving their access to digital services, technology and liquidity. Principal Secretary, State Department for Cooperatives Patrick Kilemi,…

Maisha Bora Sacco sets date for Special General Meeting

Sacco ReviewSeptember 10, 202602 mins

Maisha Bora Sacco has scheduled its 2026 Special General Meeting (SGM) for Saturday, September 12, bringing members together to deliberate and make key decisions affecting the Sacco. The meeting will begin at 9am at St. Andrew P.C.E.A. Parish, Nyerere Road Junction, with members also able to participate virtually through Zoom, YouTube and Facebook Live. The…

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…

NewFortis Sacco sets delegates election dates, outlines requirements

Sacco ReviewSeptember 7, 202603 mins

NewFortis Sacco sets delegate elections for September 19 to 26 Candidates must meet savings, shares and membership requirements Nomination forms must be returned by September 14 NewFortis Savings and Credit Co-operative Society Limited will hold delegates elections in all electoral zones between September 19 and 26, 2026, starting at 10.00 a.m. In a notice dated…

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…

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,…

Univision DT Sacco trains delegates on governance and leadership

Sacco ReviewAugust 31, 202602 mins

Univision DT Sacco has brought together its delegates for a two-day training programme focused on strengthening leadership, governance and accountability within the society. Held on August 28 and 29, 2026, the training provided delegates with an opportunity to deepen their understanding of their roles while engaging in discussions on the Sacco’s strategic direction and future….

Saccos face reckoning as KUSCCO losses go to a vote

Sacco ReviewAugust 27, 202604 mins

Friday’s vote could determine how Saccos absorb billions lost in the KUSCCO crisis. Affected Saccos have already been forced to recognise losses and set aside provisions. Pressure is mounting for accountability as members seek answers over how the funds disappeared. Kenyan Saccos head into Friday’s KUSCCo special general meeting still counting the cost of a…

NewFortis Sacco amends bylaws to introduce delegates, agencies

Sacco ReviewAugust 25, 2026August 25, 202601 mins

NewFortis Sacco has amended its bylaws to introduce delegates, champions and agencies for the first time in its 50-year history, following member consultations across Nyeri, Nairobi, Kiambu, Laikipia, Nyandarua, Nakuru and the diaspora. Board chairman John Githinji Nduru said the changes will strengthen member representation and boost the Sacco’s reach as it looks to expand…