Month: February 2021

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Saccos urged to diversify incomes in 2021

By Malachi Motano Savings and credit cooperatives societies (Sacco) will have to focus more on diversification to create wealth for their members in 2021. According to the Industry players, the…

Sacco rebrands to reflect the changing environment landscape

My Malachi Motano Kenya Police savings and credit cooperative (Sacco) society limited has re-branded to Kenya National Police Deposit Taking (DT) Sacco society limited to reflect the changing environment landscape.

Government owes Saccos Kshs. 3.8B-Kuscco

By Malachi Motano Saccos in the country are owed nearly 4 billion shillings in non-remittance of deductions from members. According to the Kenya union of cooperatives (Kuscco) managing director George…

CS Munya says it’s time to streamline the coffee sector

By Malachi Motano The Cabinet secretary (CS) for Agriculture Peter Munya says it is high time the coffee sector is streamlined to allow farmers benefit from their commodity. “We have…

Sh2.75bn boost for housing projects

By Roy Hezron Stima and Tower Saccos are among the first four Primary Mortgage Lenders (PMLs) to benefit from the Sh2.75 billion Kenya Mortgage Refinancing Company (KMRC) kitty. The disbursement…

Sasra raises bar to secure Sacco funds

By Sammy Chivanga Non Deposit Taking (NDT) Saccos holding at least Sh100 million non-withdrawable deposits are facing a race against time to comply with the new regulations. The new rules…

Senate endorses a bill to tame rogue Sacco officials

By Malachi Motano Rogue Sacco officials put are now on notice as Senate passes Cooperatives Societies (Amendment) Bill, 2020 to bring sanity to the sector According to nominated Senator Agnes…

Memba Sacco operations suspended over death of passenger

By Malachi Motano The National Transport and Safety Authority (NTSA) has suspended operations of Memba, a public service (PSV) Sacco after the death of a female passenger. NTSA stated that…