Disclosures from the top 40 saccos by deposits show a 13.7 percent increase in dividends from the Sh41.34 billion surplus ...

The High Court has blocked officers from the Directorate of Criminal Investigations (DCI) from probing the National Police Sacco over embezzlement claims. Justice Alexander Muteti on Monday halted the ...

Several SACCOs, including IG SACCO (KSh 568.66M), Kimisitu SACCO (KSh 353.95M), Mhasibu SACCO (KSh 480.6M), and Balozi SACCO (KSh 437.55M), have made substantial provisions. The affected SACCOs face ...

In the past year, the SACCO subsector in the country has been hit by uncertainties following the Kenya Union of Savings and Credit Cooperatives (KUSCCO) multi-billion scandal. Cooperatives CS Wycliffe ...

Initial results from the saccos that have so far conducted their annual general meetings (AGMs) show that the provisions have so far hit Sh1.84 billion from nine Saccos including Stima (Sh108 million) ...

According to their financial results, Mhasibu SACCO is set to lose over Ksh. 480 million, while members of Kimisitu SACCO will lose over Ksh. 353 million. Members of the Law Society of Kenya SACCO ...

Similarly, Kimisitu Sacco and Stima SACCO disclosed a massive write-off of Sh353.95 million and Sh108 million, respectively, further highlighting the depth of the losses that have affected Sacco ...

Audit shows that between 2018 and 2023, Sh206 million may have been stolen through withdrawals from Kuscco Sacco savings bank account in the name of replenishing cash at Kuscco Fosa branches.

Boston Bruins interim head coach Joe Sacco stayed calm after his team lost to the Toronto Maple Leafs. The Bruins had a 3-0 lead but lost 5-4 in overtime. Sacco did not see the loss as devastating ...

Staff of the energy ministry's Sacco colluded with members to siphon at least Sh82.36 million in the entity through ghost shareholding that was used to tap loans and earn dividends, a report ...

Nairobi — The government is set to implement stricter regulations in the Sacco sector to curb financial mismanagement and restore public confidence. Principal Secretary for Cooperatives and ...