Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Boniface Mulu Kitui Teachers Savings and Credit Cooperative Society Limited chairman Reverend Augustus Munuve has revealed that the Sacco’s education and training programmes are meant to enable the Sacco to fulfill its statutory obligations. Speaking during this year’s Annual Member Education Day organized by the society at Ithookwe primary school in Kitui Central District,…
By Roy Hezron The Sacco Societies Regulatory Authority (SASRA) has set up the Sacco Societies Fraud Investigation Unit (SSFIU) through a recent Memorandum of Understanding (MOU) which was signed with the Directorate of Criminal Investigations (DCI) to formalize its establishment. According to the Authority’s Chairperson Mr. John Munuve, the establishment and operationalization of the Unit…
By Our Reporter While institutions offering financial services are in the vanguard of driving innovation, technology adoption, artificial intelligence and going digital, experts say it is time for financial institutions like Savings and Credit Co-operative Societies (Saccos) joined the effort to increase financial inclusion. According to Ng’ang’a Mbugua, a Partner and Head of Content at…
By Pascal Mwandambo The other day, I told you about the unfortunate incident where disgruntled market traders attacked us as we were leaving a town planning committee meeting. I had accepted the offer to serve as the secretary of the committee with the hopes of making an extra buck and in doing so, overlooked the…
By Kamundia Muriithi Tea farmers in Embu County have decried the drop in Bonus payments as they blamed the same to poor management and dragging of implementation of reforms in the Tea sector. The Farmers, who received their awaited 2020-21 bonus at a lower rate, said their dues should have been higher compared to last…
Fredrick Odiero STIMA savings and credits cooperative society (SACCO) now intends to open a branch in Ksii region in order to satisfy the ever increasing demand for its services. According to Kisumu branch manager Mrs. Ann Ayoro the new branch will serve far flung areas such as Nyamira, Homa Bay and Migori together with Mbita….
By Fredrick Odiero Principal Secretary in the Ministry of Agriculture, Livestock and Fisheries Mr. Francis Owino announced that the government plans to start pond fish farming at Ogande Girls High school in Homa Bay County. Speaking in Ogande Girls during the issuing of equipment worth millions of shillings, Owino said the move is vital since it will enhance…
By Andrew Walyaula waliaulaandrew0@gmail.com Lenders in Kenya have gradually adopted the risk lending based mechanism, a move that has led to the rise of credit rating uptake. The Credit Reference Bureau (CRB) Regulation 2020 mandates lenders to use a customer’s credit score when appraising a credit application. Metropol CRB General Managing Director Sam Omukoko urged…
By Tsozungu Kombe Registration of new cooperative societies in Lamu County has been disrupted by the Covid-19 pandemic currently being experienced across the country, Sacco Review has reliably established. Speaking to Sacco Review from Lamu town recently, Lamu county Cooperative auditor, Mr. Nickson Baya disclosed that the registration exercise of new Saccos in the region…
By Kamundia Muriithi and Kage Njoroge Coffee farmers in Kirinyaga County have sought to have majority representation in the Coffee Board of Kenya (CBK), under the proposed Coffee Bill 2021. The growers want to have their own make 80 percent representation at the board, and to have a coffee farmer as the chairman. They told…
