New law to catch Sacco loan defaulters

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…

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Govt to vet Co-op service providers

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…

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