Kenya Bankers Sacco total assets hit Sh6.7b

By Staff Reporter Total assets held by Kenya Bankers Sacco increased from Sh6.3 billion in 2015 to Sh6.7 billion at the close of financial year ended 31st December, 2016. According to the Sacco Society Regulatory Authority (SASRA) Supervision Report, 2016, the sacco ranks 13th among largest deposit-taking sacco across the country in balance sheet size….

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Governor urges boda boda riders to form saccos

By Our Reporter Busia Government seeks to have have all Boda Boda riders registered under saccos to enable them improve on their livelihood through the Co-operative Fund. Governor Sospeter Ojaamong said capacity to form a Sacco would assist them get loans to invest in profitable activities. Speaking to Sacco Review newspaper at the County headquarters,…

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Sacco Boards’ headache over exiting CEOs

By Jackson Okoth A trend is rapidly emerging where DT-Saccos prefer to look inwards when seeking to replace Marketing Managers, Finance Managers, Chief Executive Officers or even Chairpersons to the Boards of Directors. Those Saccos with no suitable replacements from within the society would rather poach these executives from other saccos rather than extend their…

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