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

Troubled Metropolitan Sacco AGM ends unceremoniously in Kiambu today

Sacco Review9 hours ago9 hours ago06 mins

Metropolitan Sacco 46th Annual General Meeting (AGM) that was taking place today at Kiambu High School ended unceremoniously as members demanded for financial reports. According to reports, the management of the Sacco said they did not have financial reports because SASRA had not approved them yet. The reports further indicate that members of the Sacco…

KCB to auction 100 Greatwall Apartments in Athi River

Sacco Review10 hours ago10 hours ago04 mins

Some 100 homeowners at Greatwall Gardens estate in Athi River might lose their units after Erdemann Property Limited lost a KSh1.9 Billion loan case against Kenya Commercial Bank. Erdermann Property Ltd, the developer made a prayer to the court saying that homeowners were innocent purchasers and that the units were sold by mistake, the prayer…

Join Saccos to get loans, Embu jua kali artisans advised

Sacco Review12 hours ago10 hours ago07 mins

Hesitance and lack of interest by young Jua Kali artisans in welding and metal work related sector in Embu County to join or form Saccos has been blamed for the continued low access to finances to expand their businesses. Such finances including loans and government funds which are readily availed to self-help groups and Saccos…

Fireworks expected as troubled Metropolitan Sacco holds AGM in Kiambu today

Sacco Review14 hours ago06 mins

Metropolitan Sacco will hold its 46th Annual General Meeting (AGM) today at Kiambu High School. In a notice to members signed by its honorary secretary of the Sacco David Waweru Mwangi, the members will gather to adopt the annual reports and financial statements for the past two years and confirmation of the management and Supervisory…

Why there is mismatch between proposed intergovernmental cooperative forum and defunct district committees

Sacco Review14 hours ago14 hours ago07 mins

One of the reform measures introduced by the Ministry of Cooperatives upon operationalisation of the Cooperative Societies Act, No 12 of 1997 was the creation of DCDCs vide a Commissioner’s Circular letter. This came in the wake of diminished donor funding to the sector due to what was infamously referred to as “donor fatigue”. The…

Kenya to host annual magical travel expo in October

Sacco Review15 hours ago03 mins

Kenya Tourism Board (KTB) targets to host about 3,000 at the 13th edition of the Magical Kenya Travel Expo (MKTE). The regional tourism fair is scheduled for October 2-4 at the Uhuru Gardens National Monument and Museum in Nairobi. The participants included tour operators, hoteliers, travel agents and travel trade visitors. In 2023, about 2,500 participants took…

Apstar Sacco unveils new branch in Meru

Sacco Review15 hours ago15 hours ago04 mins

Apstar Sacco, formerly Ukulima Sacco recently opened its ninth branch in Meru County at Greenwood City Mall. The eight other branches are in Nakuru, Kisii, Kisumu, Eldoret, Nairobi, Embu and Kakamega counties. Meru Governor Kawira Mwangaza, who graced the opening ceremony lauded the Sacco for expanding its presence across the country. “We are grateful that…

Railway Housing Co-op notifies buyers of plots in Embakasi to collect title deeds

Sacco Review1 day ago1 day ago03 mins

Railway Housing Co-Operative Society Ltd (RAHOSO) has requested the buyers of the land in Utawala area, Embakasi to visit the society’s offices to obtain title deeds. The property, Land Reference Number 7340/70 has been sub-divided into 73 plots. The plots have been further sub-divided and sold to different buyers. Through a notice in a local…

Ukambani’s three governors unveil road map to improve youths livelihoods

Sacco Review1 day ago1 day ago05 mins

Three Ukambani governors under South Eastern Kenya Economic Block (SEKEB) have promised to continue being united and engage the National Government on matters to do with the livelihoods of the residents. In a meeting at Makueni governor’s office, Kitui Governor Julius Malombe, Governor Wavinya Ndeti (Machakos) and Makueni Governor Mutula Kilonzo noted that they are…

The silent killer of Kenyan Saccos

Sacco Review1 day ago1 day ago07 mins

In the fast-paced arena of financial management, Kenya Saccos serve as beacons of resilience and innovation, navigating turbulent cash flow through strategic foresight and careful planning. As a cornerstone of financial inclusion and community empowerment, Saccos play a critical role in Kenya’s economic fabric and serve as an important conduit for savings mobilisation and credit…