Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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 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…
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…
KETSA will bring SACCO CEOs together in Mombasa for its 2026 annual workshop. Leaders will explore innovation and ways to expand Sacco services for changing member needs. The five day event will focus on strategies to strengthen the sector’s impact and competitiveness. The Kenya Teachers SACCO Association (KETSA) is set to host its Annual CEOs…
Tai Sacco hosted Yetu Sacco for a benchmarking visit on ICT and call centre operations. The Saccos exchanged ideas on technology, customer service and operational efficiency. The engagement highlights growing investment in digital services across the Sacco sector. Tai Sacco Society Limited hosted a benchmarking team from Yetu Sacco Society Limited to exchange insights on…
Sacco dividends fell or were scrapped in 2026 as Saccos retained more earnings to strengthen capital and liquidity. SASRA rules, KUSCCO losses and provisions for non performing loans reduced funds available for dividend payouts. Despite lower dividends, the sector grew strongly, with total Sacco assets rising 12.4 per cent to Ksh1.21 trillion. Kenyan Sacco members…
The Co-operative Tribunal has ordered KUSCCO to refund nearly Ksh489 million to Mhasibu DT Sacco over a matured fixed deposit and savings account. The tribunal ruled that KUSCCO must honour its contractual obligations despite its financial challenges and restructuring. The decision could influence similar recovery claims by other Saccos seeking to recover funds tied up…
Thousands of SACCO members across Kenya could see significant changes in how their savings are managed if the proposed SACCO Societies (Amendment) Bill, 2025 becomes law, with critics warning that some provisions may weaken member control over cooperative societies and expose savings to increased risks. The Bill, which is currently attracting debate among cooperative stakeholders,…
Cabinet Secretary for Co-operatives and MSME Development Wycliffe Oparanya has assured the Senate that the Government is accelerating reforms in the Savings and Credit Cooperative (SACCO) sector in a bid to strengthen governance, safeguard members’ savings, and restore public confidence in cooperative financial institutions. Appearing before the Senate Standing Committee on Trade, Industrialisation, and Tourism,…
Cabinet Secretary for Co‑operatives and MSMEs Development Wycliffe Oparanya has disclosed that the Kenya Union of Savings and Credit Cooperatives (KUSCCO) is grappling with a financial deficit of nearly Ksh12 billion, a crisis uncovered through a forensic audit that revealed years of misreported profits. The revelation comes as the government intensifies reforms aimed at restoring…
