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…
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…