Month: January 2021

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  • CBK leverage Saccos loan default at 8-year high

CBK leverage Saccos loan default at 8-year high

By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are facing the biggest stability test because of hardship caused by the Covid-19 pandemic. A new Central Bank of Kenya report…

Lengo Sacco Limited Chairman retires

Staff Reporter Lengo Sacco Limited chairman Mr. George Ndaa Tune has retired, Sacco review has reliably established. Speaking to Sacco Review after attending the special delegates meeting in Malindi town…

You will have to be certified to run a cooperative society

By Roy Hezron Current cooperative chief executives have to join the Kenya Society of Professional Co-operators (KSPC) to obtain professional certification. Speaking to Sacco Review, KSPC acting Chief Executive Symon…

Imarika Sacco in Kilifi enhances service delivery

Imarika Sacco Limited in Kilifi County has restructured its staff to enhance efficiency in service delivery. The move follows the expansion of operation in the giant financial body, Sacco review…

Mergers will bring stability in co-ops, says Commissioner

By Roy Hezron Smaller co-operatives have been encouraged to come together to enable them enjoy economies of scale. Commissioner for Co-operatives Geoffrey Njang’ombe told Sacco Review in a recent interview…

Cooperative policy implementation task force to be in place soon

By Roy Hezron The process of establishing the taskforce for the implementation of the National Co-operative Policy is at an advanced stage.   According to Co-operative Commissioner Geoffrey Njang’ombe, letters…

Most Sacco members are below 50, SASRA survey reveals

By Roy Hezron Majority of members in deposit-taking Saccos in the country are between the ages of 36 and 50 years. They account for 28.8 per cent, or 1,380,784 members,…

Matatu Saccos to be transformed to cooperatives

By Roy Hezron Matatu Saccos will soon be renamed transport cooperatives to reflect their nature of business. Cooperatives Commissioner Geoffrey Njang’ombe said a task force mandated with implementation of the…

Covid-19 scuttles registration of new Cooperative societies

By Sammy Chivanga The number of newly registered cooperative societies dropped by nearly a third in the financial year last June on the back of Covid-19 disruptions that made it…