the Kenya Union of Savings and Credit Cooperatives - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Saccos join private sector in opposing KRA’s expanded powers under Finance Bill 2026

Sacco ReviewJune 6, 202604 mins

Savings and credit cooperative Societies (Saccos) have become the latest institutions to oppose proposals in the Finance Bill 2026 that would allow the Kenya Revenue Authority (KRA) to freeze bank accounts and recover funds even while tax disputes remain unresolved. The Kenya Union of Savings and Credit Cooperatives (Kuscco) told the National Assembly’s Finance and…

Oparanya briefs senators over KUSCCO’s KSh12B deficit as SACCO reforms intensify

Sacco ReviewMay 12, 2026May 14, 202606 mins

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…

Banks and SACCOs push Treasury to ease PAYE, raise tax‑free threshold to KSh40,000

Sacco ReviewJanuary 10, 202604 mins

Commercial banks and savings and credit cooperatives (SACCOs) have urged the National Treasury to ease payroll taxes to shore up workers’ disposable income, citing rising deductions and persistent inflation that have eroded real wages. In separate submissions, the Kenya Bankers Association (KBA) and the Kenya Union of Savings and Credit Cooperatives (KUSCCO) called for reforms…