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

Oparanya leads Shirikiana Sacco drive in Bungoma

Sacco ReviewSeptember 3, 202604 mins

Oparanya leads Shirikiana Sacco sensitisation drive in Bungoma. Sacco targets savings, affordable credit and household financial resilience. Farmers and small businesses are set to benefit from new financial services. Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Cabinet Secretary Wycliffe Oparanya has led a sensitisation campaign for Shirikiana Sacco in Bungoma County, as part of…

SASRA guides 700 Sacco officers on new supervision system

Sacco ReviewSeptember 3, 202602 mins

SASRA trains over 700 SACCO officers on its new supervision system. The online platform will streamline 2027 licence renewal submissions. DT and NWDT SACCOs face separate deadlines for compliance. The Sacco Societies Regulatory Authority (SASRA) held a virtual sensitisation session attended by over 700 participants drawn from regulated Deposit Taking (DT) and Non-Withdrawable Deposit Taking…

Oparanya urges small traders to join Saccos for affordable credit

Sacco ReviewSeptember 2, 202606 mins

Oparanya urges small traders to join Saccos for affordable loans. CS warns against risks of informal savings groups and lenders. Traders are also encouraged to embrace digital financial services. Cabinet Secretary for Cooperatives and Micro, Small and Medium Enterprises (MSMEs), Wycliffe Oparanya, has urged small business owners to join Savings and Credit Cooperative Organisations (Saccos)…

Where did KUSCCO’s Sh17bn go? Saccos face gap

Sacco ReviewSeptember 1, 2026September 5, 202603 mins

Saccos face potential losses as KUSCCO’s liabilities far exceed recoverable assets. Millions held by individual Saccos could be at risk as liquidation begins. The recovery process will determine how much money creditors get back. Savings and Credit Co-operative Society (SACCO) members could feel the financial fallout from KUSCCO’s collapse after the organisation was placed under…

KUSCCO officially liquidated through Gazette Notice

Sacco ReviewSeptember 1, 2026September 1, 202604 mins

KUSCCO has officially been placed under liquidation. The union faces a Ksh11.6 billion financial deficit. Three officials will oversee the liquidation. KUSCCO has been placed under liquidation via Gazette Notice No. 13997, after members resolved to dissolve the union amid a Ksh 11.6 billion deficit. The Kenya Union of Savings and Credit Co-operative Societies (KUSCCO)…

KUSCCO shareholders approve dissolution, back new cooperative body

Sacco ReviewAugust 29, 202609 mins

KUSCCO shareholders have approved the union’s dissolution as debts far outweigh its assets. Members have backed a new umbrella body, KEFESCO, focused on advocacy, training, research and consultancy. A creditor has moved to court to challenge the transition, putting the new federation’s future in question. Shareholders of the Kenya Union of Savings and Credit Cooperatives…

Saccos set to adopt full-file credit information sharing system

Sacco ReviewAugust 28, 202606 mins

Saccos are set to share both positive and negative credit data. New system could strengthen lending and curb multiple borrowing. Saccos face IT and data protection upgrades before rollout. Saccos are set to adopt a bank-like full-file credit information sharing system that will enable them to share both positive and negative credit information, in a…

ACCOSCA seeks deeper partnerships to strengthen Sacco sector

Sacco ReviewAugust 27, 202605 mins

ACCOSCA is seeking stronger partnerships to build trust and advance SACCO development across Africa. The organisation says collaboration with regulators, government and media can strengthen cooperative institutions and policy engagement. Stakeholders have called for stronger cross border cooperation as African economies become more interconnected. The African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) is…

SACCOs are putting more focus on what happens behind the numbers

Sacco ReviewAugust 27, 202602 mins

KUSCCO has spent the week training SACCO leaders on budgeting, liquidity management and cost control, while Supervisory Committee members have been sharpening their oversight skills. The combination is telling: financial performance is not just about raising more money. It is also about how SACCOs plan, control costs, manage liquidity and keep management accountable. READ MORE: …

Saccos await new law to unlock national payments access

Sacco ReviewAugust 26, 202608 mins

Saccos face another wait for direct access to Kenya’s National Payments System Industry leaders call for wider consultation as the Co operatives Bill remains stuck in mediation Proposed reforms could introduce a Deposit Guarantee Fund and expand services available to Sacco members Kenya’s Sacco movement is facing another delay in its push for direct access…