Month: October 2020

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  • Saccos report high liquidity even as Covid-19 strikes

Saccos report high liquidity even as Covid-19 strikes

By Sammy Chivanga When Covid-19 struck, it was expected that many Savings and Credit Cooperative Societies (Saccos) would face their biggest liquidity test. And as an increased number of Sacco…

Co-op bank named best bank in Kenya at EMEA finance awards

Press Release 19th October 2020 The Co-operative Bank has been named Best Bank in Kenya at this year’s African Banking Awards 2020 organised by EMEA Finance. This is the third…

Universities, colleges yet to remit Sh2.86b to Saccos, says Sasra

By Roy Hezron Public universities and other tertiary institutions have been accused of failing to remit members’ deductions to Saccos. The Sacco Societies Regulatory Authority (Sasra), in its annual report,…

Saccos scramble for boda bodas, women groups

By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are increasingly turning their focus on motorcycle riders and women groups for new membership and uptake of products. Motorcycle riders, popularly…

Co-op chases away brokers in Kwale

By Collins Akong’o Farmers in Kwale County no longer worry of market or unscrupulous middlemen thanks to Kwale Pamba and Viazi Cooperative Society (PAVI). PAVI, which was formed in 2014,…