News

Co-op employees union gets greenlight to operate

Aloo Ogeka, Knucs 
National Secretary General

By Our Reporter The Kenya National Union of Co-operative Staff (KNUCS) has finally overcome legal hurdles to operate in the country, ushering in a new lease of life for workers in the co-operative sector. The Registrar of Trade Unions E.N Gicheha in a letter dated February 2, 2018, addressed to KNUCS lawyer George Miyare, gave the Union an okay to ...

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Fake Sacco service providers to be locked out

Senior Deputy Commissioner for Cooperatives Development Stanley Ongetia addresses delegates during the 3rd Annual Sacco Leaders Convention in Mombasa.

By Stephen Makabila It will not be business as usual for the increasingly vibrant service providers in the Co-operative Sector when the new Co-operative policy is operationalised soon. The government, through the State Department of Co-operatives, now plans to vet service providers to ensure briefcase firms milking Saccos and Co-operatives are locked out. “There are a lot of briefcase service ...

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State to dissolve two Saccos for non-compliance

Sasra  Chief Executive Officer, John Mwaka.

Azael Masese Two Saccos, which cannot be named for legal reasons, will soon be dissolved for non-compliance, State Department for Co-operatives has indicated. Senior deputy commissioner Geoffrey Njang’ombe said they are about to revoke their licenses which will lead to their dissolution. The move comes at a time when the Government is set to introduce stringent measures in the registration ...

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CreditExpress gives Saccos new lease of life

Credit Express

By Kiptanui Rutto Improved efficiency will prove critical in the Sacco sub sector as the battle for increased membership intensifies. In order to achieve that coveted target, the application of technology has come in handy to provide top-notch solutions in the business world. One of such Information Technology (IT) solution provider that has walked hand in hand with the players ...

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Imarisha Sacco CEO beckons youth to join Saccos

Imarisha Sacco CEO, Mr Mathew Rotich

By Stephen Makabila Imarisha Sacco Chief Executive Officer (CEO), Mr Mathew Rotich has urged youths in the country to join and invest in Saccos for their own economic advancement. Rotich who was confirmed as Imarisha CEO in February this year, noted that most Saccos have ageing members and young people need to join particularly at the top echelons of Sacco ...

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Safaricom Sacco lands Tier One status

Collins Ogutu, Safaricom Sacco Chairman.

By Munene Maina Safaricom Sacco has finally bagged the coveted ‘Tier One Sacco status’ ranking by Societies Regulatory Authority (SASRA). “As we climb towards the top, it gets steeper; however we are optimistic we shall break into the larger Tier deposit-taking Saccos,” said Collins Ogutu, Safaricom Sacco Chairman. The Sacco closed the fiscal year 2017 with total assets of Sh5.16 ...

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New law to catch Sacco loan defaulters

Amos Kimotho, 
Fortune Sacco  CEO

By Azael Masese The noose is set to tighten on Savings and Credit Co-operative Societies (Saccos) loan defaulters with a proposed law that allows them share records of all members having been tabled for debate in Parliament. Sacco will share amongst themselves the credit records of their members if a Bill before Parliament is passed into law. The Sacco Societies ...

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Play active role in State’s Big Four Agenda, Co-ops told

Ali Noor Ismail, Co-op PS

By Tsozungu Kombe Saccos and Co-operatives societies in the country have been urged to play an active role in the government’s Big Four Agenda in a bid to realize speedy development. Cabinet Secretary for the Ministry of Industrialization and Enterprise Development, Mr Adan Mohammed further said that the Government’s Big Four Agenda are Manufacturing, Food Security, Affordable Housing and Health ...

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Govt to vet Co-op service providers

Senior Deputy Commissioner for Cooperatives Development Stanley Ongetia addresses delegates during the 3rd Annual Sacco Leaders Convention in Mombasa.

By Stephen Makabila It will not be business as usual for the increasingly vibrant service providers in the Co-operative Sector when the new Co-operative policy is operationalised soon. The government, through the State Department of Co-operatives, now plans to vet service providers to ensure briefcase firms milking Saccos and Co-operatives are locked out. “There are a lot of briefcase service ...

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Robbers raid Daima Sacco but fail to break cash safe

Daima Sacco

By James Wakahiu Robbers who reportedly broke into Daima Sacco in Manyatta town of Embu County and accessed the strong room failed to open a safe containing money, despite using sophisticated tools. The gang of about six raided the sacco’s premises around 3.30am on Monday February 5, 2018. Embu North OCPD Mark Wanjala said a watchman claimed he was returning ...

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