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

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…

KUSCCO set for restructuring as government moves to overhaul union

Sacco ReviewAugust 24, 2026September 5, 202604 mins

KUSCCO set for rebranding as KEFESCO under restructuring plan Government moves to address union’s financial crisis Shareholders to discuss KUSCCO’s future on August 28 The Government is planning to rename the Kenya Union of Savings and Credit Cooperatives (KUSCCO) to the Kenya Federation of Savings and Credit Cooperatives (KEFESCO) as part of efforts to restructure…

Senate grills Obonyo over KUSCCO oversight failures

Sacco ReviewAugust 10, 202606 mins

Senators questioned Cooperative Commissioner David Obonyo over oversight failures after KUSCCO’s loan book was found overstated by more than Ksh7.6 billion. Obonyo said an inspection triggered by member complaints led to forensic investigations that pointed to alleged collusion among senior KUSCCO officials. The committee also flagged regulatory gaps, audit oversight concerns, inadequate funding and staff…

Capital DT Sacco CEO arraigned over alleged Ksh39 million fraud

Sacco ReviewAugust 4, 2026August 4, 202603 mins

Capital DT Sacco CEO Stephen Murithi has been arraigned over alleged fraud of Ksh39 million from the Sacco. He was granted bond of Ksh1 million, with mention set for August 19 and hearing for October 15, 2026. The alleged fraud occurred at the Sacco’s Meru offices between February and April 2026. Capital DT Sacco Chief…

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SASRA spells out how Saccos should appoint, rotate external auditors

Sacco ReviewJuly 27, 2026July 27, 202605 mins

Sacco boards must nominate at least three eligible external auditors for members to vote on during the Annual General Meeting (AGM). The selected auditor’s appointment must be submitted to SASRA within 30 days, together with certified AGM minutes. External auditors should rotate after three years unless SASRA grants a waiver, while any midterm removal requires…