By Jackson Okoth At the helm of Kimbilio Daima Sacco Society Limited as Chief Executive for more than 18 years, Rose Chepngetich remains an inspiration to many women aspiring to occupy executive positions and make a difference in the corporate world. Rose represents a class of women joining the boardroom and executive positions of many Savings and Credit Co-operative Societies ...

By Tsozungu Kombe Women Saccos in Lamu County have received a boost of Sh 11 million to enhance their activities. The money was raised during a fundraiser held recently. The county has also registered four youth Saccos according to the area Cooperative Auditor Nickson Baya. Speaking to Sacco Review in his office, Baya urged youth to form or join Saccos ...

By Asa Maina Mwenji Catholic Parish in the Archdiocese of Nyeri is in the process of starting a foundation to help pay fees for needy learners in the society. Parish priest Benson Kiboi said the kitty will cater for the fees of learners struggling to pay both in secondary schools and higher learning institutions in the area. Those set to ...

By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that some board members had overdue ...

By Our Reporter Co-operatives Principal Secretary Ali Noor Ismail has said the proposed Sacco Societies Fraud Investigation Unit (SSFIU) will start operations next month. The unit will have official from the Saccos Societies Regulatory Authority (SASRA), the Directorate of Criminal Investigations (DCI) and the Ethics and Anti-Corruption Commission (EACC).  “Plans to operationalise the SSFIU are at an advanced stage and ...

By Our Reporter The National Treasury Cabinet Secretary Ukur Yatani has directed all government parastatals to remit billions of shillings in statutory deductions within the next four months. Unremitted Sacco deductions stand at Sh 2.261 billion according to the treasury data. He warned state corporations chief executives who will not comply with the directive. Many Saccos have been having liquidity ...

"We must embrace technology and be careful that we deploy the best technology that will not attract loses or prone to cyberattacks," said Mandago.

The government has moved to protect farmers from low milk prices By Our Report Co-operative societies income is expected to dip as the Kenya Dairy Board (KDB) has capped the amount they can deduct from farmers at Sh2 per litre. Some co-operatives are currently charging up to Sh3 a litre as administrative cost to the dairy farmers. The agency said ...

KUPPET in bid to bolster membership By Azael Masese Kenya Union of Post Primary Education Teachers (KUPPET) will embark on an aggressive recruitment drive to make it the single largest union in the country. With a current membership of about 90,000, KUPPET National Chairman Omboko Milemba said growth will be epitomized by total stability, performance actualization, visionary and realization of ...

By Jackson Okoth Heavily indebted Kenya Planters Co-operative Union (KPCU), which has been under receivership for years, is finally on its final dash to oblivion. A liquidation process, to run over the next six months, will eventually bring down the curtain of the oldest and largest coffee processor in Kenya. In a gazetted liquidation order, acting Commissioner for Co-operatives Development ...