NAIROBI, Kenya, Mar 16 – Qona DT Sacco Society Limited has moved to the Co-operative Tribunal of Kenya to challenge findings of a special inquiry by the Office of the Commissioner for Co-operative Development that flagged governance gaps and financial management concerns.
The Sacco, previously known as Safaricom Sacco, said its board filed an appeal seeking an independent review of the report after identifying what it termed as inaccuracies in the findings presented to members during a Special General Meeting held on December 20, 2025.
“The inquiry was conducted, and the report was formally presented to members during the Special General Meeting (SGM) held on 20 December 2025,” the Sacco said in a statement.
“Following a detailed review of the report, the Board identified certain findings that were not factual and required review and correction.”
According to the Sacco, the board initially raised its concerns with the Commissioner for Co-operative Development but did not receive a response, prompting it to escalate the matter to the tribunal.
The inquiry examined the Sacco’s governance structures, the conduct of current and former management committees, compliance with cooperative laws and internal by-laws, as well as its overall financial position.
It also reviewed the Sacco’s financial exposure to the Kenya Union of Savings and Credit Co-operatives (KUSCCO), highlighting risks associated with the investment and recommending stronger oversight and internal controls.
“As a result, the Board proceeded to file an appeal with the Co-operatives Tribunal for independent review and determination,” the Sacco said.
The matter is now under consideration at the tribunal, which adjudicates disputes within Kenya’s cooperative sector.
Originally founded by employees of Safaricom, Qona Sacco has grown into a technology-driven deposit-taking cooperative offering savings and credit services to members within and outside the telecommunications firm.
The case adds to growing governance disputes in Kenya’s cooperative movement as regulators intensify scrutiny of Saccos following concerns over investment risks and financial oversight.
