Month: February 2020

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  • Bad debt leaves Kumisa Sacco in financial crisis

Bad debt leaves Kumisa Sacco in financial crisis

By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the…

Saccos fraud investigation unit to start operation next month

By Our Reporter Co-operatives Principal Secretary Ali Noor Ismail has said the proposed Sacco Societies Fraud Investigation Unit (SSFIU) will start operations next month. The unit will have official from…

Saccos to get Sh2.26bn remittance from State agencies

By Our Reporter The National Treasury Cabinet Secretary Ukur Yatani has directed all government parastatals to remit billions of shillings in statutory deductions within the next four months. Unremitted Sacco…

Mandago urges Saccos to embrace technology

"We must embrace technology and be careful that we deploy the best technology that will not attract loses or prone to cyberattacks," said Mandago.

Dairy co-operatives to earn less from milk levy

The government has moved to protect farmers from low milk prices By Our Report Co-operative societies income is expected to dip as the Kenya Dairy Board (KDB) has capped the…

KUPPET in bid to bolster membership

KUPPET in bid to bolster membership By Azael Masese Kenya Union of Post Primary Education Teachers (KUPPET) will embark on an aggressive recruitment drive to make it the single largest…

75-year old KPCU put up for sale

By Jackson Okoth Heavily indebted Kenya Planters Co-operative Union (KPCU), which has been under receivership for years, is finally on its final dash to oblivion. A liquidation process, to run…

Kabugu: The face behind Unaitas steady growth

By Kage Njoroge and Azael Masese When the book of Unaitas history, the name of Joseph Ngaai Kabugu is read loud and clear. Kabugu, the founding member of Unaitas when…

Why Kenya’s co-operative movement is major player in country’s economy

Ali Noor Ismail The Co-operative movement in Kenya is rated first in Africa with over 22,000 registered co-operative societies commanding a membership of over 14 Million and employing more than…

Court gives nod to increased levy for Saccos

By Jackson Okoth Deposit-Taking Saccos that run FOSAs will in this financial year pay more levy to the Sacco Societies Regulatory Authority (SASRA). This follows a ruling by Judge Weldon…