Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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 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 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 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’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 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….
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 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 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…
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…
