Month: January 2020

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ACCOSCA steps up effort to strengthen co-operative sector

By Tsozungu Kombe African Confederation of Cooperatives Savings and Credit Associations (ACCOSCA) has established Africa Co-operative Development Fund (ACDF) to support programmes and activities in the co-operative movement. Speaking during…

Outlook for Co-op industry in 2020

By Jackson Okoth Economists are already projecting tougher times for Kenya’s economy this year. But even with grim prospects and gloomy statistics, the resilient Co-operative industry is putting on a…

New law makes it easier for Saccos to blacklist defaulters

Legal limitation has increased Saccos’ loan portfolio risks By Jackson Okoth The process of blacklisting Sacco loan defaulters by Credit Reference Bureaus (CRB) will soon become mandatory. This is as…

Co-op are tools for socio-economic development, says Munya

By Tsozungu Kombe The Government intends to ensure that co-operative societies become tools for social and economic development. This includes promotion of inclusivity and improved livelihoods for all through participation…

Saccos lead banks in offering highest returns

By Munene Maina Saving and Credit Co-operative Societies (Sacco) still command the lead in offering highest interest on savings and dividends to members annually, latest industry report shows. The Sacco…

Men dominate boardrooms, top management of Saccos

Only 22.9 per cent of women hold CEO position    By Jackson Okoth Women are yet to break the glass ceiling in terms of ascending to top leadership in co-operative societies.…

State-based Saccos dominate sector

By Jackson Okoth Government-based Deposit Taking-Saccos control majority of both total assets and total deposits in the Sacco sub sector. These financial co-operatives, which derive the bulk of their membership…

Rice co-op offers new life to farmers

By Washington Okellah Hundreds of rice growers from Bunyala sub-county in Busia County, who are members of Bunyala Rice Farmers’ Cooperative Society Ltd, are set to earn more. The Society…

Youths urged to join Saccos to develop

By Florence Norah Migori County Youth Bunge Sacco chairman Joseph Nyapete has appealed to the youth to join Saccos to secure affordable loans. Nyapete, who was speaking during the launch…

Co-operative Bank to support free cancer screening campaign

By Our Reporter Beth Mugo Cancer Foundation in collaboration with Co-operative Bank and other partners has drawn out a countrywide programme of Free Cancer Screening Camps where Kenyans can get…