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

Land, housing top Sacco lending in first half of 2026

Sacco ReviewSeptember 9, 202603 mins

Land and housing received the largest share of Sacco loans in H1 2026. Education and agriculture followed as major borrowing categories. Sacco credit continues to support members’ investment and household needs. A good number of Kenyans used loans from savings and credit cooperatives to buy land and secure home ownership during the first half of…

NWDT Saccos improve asset quality as reserves strengthen in Q2 2026

Sacco ReviewSeptember 9, 202606 mins

NWDT Saccos recorded lower non performing loans in Q2. Reserves and core capital strengthened during the quarter. Earnings remained volatile despite improving financial indicators. Kenya’s non-withdrawable deposit-taking Saccos (NWDT-Saccos) closed the second quarter of 2026 with improving asset quality and a stronger reserve position, even as earnings continued to swing sharply from one quarter to…

Sacco sector assets hit Sh1.25 trillion in Q2 2026

Sacco ReviewSeptember 7, 2026September 7, 202606 mins

Sacco sector assets rise to Ksh1.25 trillion Deposits and loans continue to expand Stronger reserves boost the sector’s capital base Kenya’s regulated Saccos closed the second quarter of 2026 with total assets of Ksh1.25 trillion, a 12.64% rise from June 2025, according to the latest report by the SACCO Societies Regulatory Authority (SASRA). The growth,…

Waumini Sacco mourns internal audit manager

Sacco ReviewSeptember 7, 2026September 7, 202601 mins

Waumini Sacco Society is mourning the death of its Internal Audit Manager, David Kamau Mwangi, who died on September 5, 2026, at Coptic Hospital after battling an illness. Mwangi served the Sacco for five years, a tenure the organisation says was marked by dedication and professionalism. In a statement, the Sacco said his leadership and…

Angry KUSCCO members blame Government for lost billions

Sacco ReviewSeptember 2, 202606 mins

KUSCCO members accuse the Government of failing to recover billions in lost funds. An audit found the union insolvent, with liabilities far exceeding its assets. Nearly 300 court cases are piling pressure on KUSCCO as recovery efforts stall. Enraged members of the Kenya Union of Savings and Credit Co-operatives (KUSCCO) have accused the Government of…

KUSCCO staff pin hopes on new federation amid uncertainty

Sacco ReviewSeptember 2, 202605 mins

KUSCCO employees face an uncertain future after liquidation. Years of financial troubles have already cut the workforce sharply. Workers hope a new federation will rebuild trust and stability. The decision to dissolve the Kenya Union of Savings and Credit Co-operatives (KUSCCO) has also cast a shadow over its employees, many of whom are reportedly distressed…

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,…

Cosmopolitan DT Sacco bids farewell to John Ngari after 36 years

Sacco ReviewAugust 31, 202602 mins

Cosmopolitan DT Sacco (Savings and Credit Co-operative Organisation) has celebrated the retirement of John Ngari, marking the end of a 36-year career with the Sacco. The retirement celebration brought together the Sacco’s Board of Directors and staff from its various branches at Flamingo Resort & Spa, where colleagues honoured Ngari for his longstanding contribution to…

KUSCCO shareholders approve liquidation, new body

Sacco ReviewAugust 28, 202604 mins

KUSCCO shareholders approve full liquidation as debts hit Ksh 17 billion against Ksh 5.4 billion in assets. New national Sacco association approved to take over advocacy, training and research roles. Commissioner David Obonyo to oversee asset recovery and payouts to Saccos and depositors. KUSCCO shareholders have approved a structured liquidation after liabilities topped Ksh 17…

Sheria DT Sacco trains staff on Islamic finance

Sacco ReviewAugust 28, 202602 mins

Sheria DT Sacco is strengthening its capacity to offer Shariah-compliant financial solutions following an Islamic finance training workshop for its staff. The capacity-building programme, facilitated by BTI College, focused on equipping employees with knowledge of Islamic finance principles and their application in delivering financial products tailored to members with diverse needs. READ: KETSA to host…