Sacco Review

Court of Appeal gives Saccos greenlight to share members’ details with CRB

The Appeal Court has given orders barring an High Court ruling delivered in September last year which nullified the Banking (Credit Reference Bureau-CRB) Regulations 2020 pending the hearing and determination of the appeal case filed by the Central Bank of Kenya (CBK). The implication is that Saccos are now free to share members’ details with…

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SACCO
Commissioner  for Co-operative Development David Obonyo.

Govt instructs Co-operatives to make payments on e-citizen platform

Payments to the Management and Supervision Fund will now be done through the e-citizen platform, the Ministry of Co-operatives and Macro, Small and Medium-sized Enterprises Development (MSME) has announced. In a Circular dated January 17, 2024 by the State Department for Co-operatives,  Commissioner  for Co-operative Development David Obonyo has directed all Co-operative Societies and Auditors…

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Bungoma Governor Kenneth Lusaka. Photo: Courtesy

Co-operative Bill deferred after governors complain of being sidelined

The Co-operative Bill, 2023 has now been put on hold after county governors claimed that they were not consulted during the drafting. Sponsored by the government through the Ministry of Co-operatives and Micro, Small and Medium-sized Enterprises (MSMEs) Development, the Bill was in Parliament to allow for its first reading before proceeding to other stages…

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Cabinet Secretary for East African Community, Arid Lands and Regional Development Peninah Malonza engages in conversation with Kitui County Commissioner Kipchumba Ruto during a fundraiser to help Kitui Women Self Help Group on February 24, 2024 in Kitui. Photo: Boniface Muli

Minister pledges to support Kitui women self help groups

The East African Community, Arid Lands and Regional Development Cabinet Secretary Peninah Malonza on Saturday, February 24, 2024 led a funds drive in aid of some 65 women groups from Kitui County. The event took place at the Kenya Forestry Research Institute (KEFRI) Kitui Regional Research Centre where the Cooperatives and Micro, Small and Medium…

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Simon Chelugui (centre), Cabinet Secretary for Micro, Small and Medium Enterprise Development and Patrick Kilemi Principal Secretary Cooperatives (right), welcomed to the 51st AGM of the Kenya National Police DT SACCO by National Chairman of the SACCO David Mategwa. Photo: Felix Wanderi

Cooperatives asked to adopt technology, strategic innovations for excellence

Savings and Credit Co-operatives Societies (Saccos) have been called upon by the Government to embrace innovation and devise strategies that will propel cooperatives towards continued excellence. Speaking during the Kenya National Police DT SACCO 51st Annual Delegates Meeting held in Serena hotel in Nairobi this February, Simon Chelugui Cabinet Secretary for Cooperatives, Micro, Small and…

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Embrace technology to increase visibility, Chelugui advises Saccos

Savings and Credit Cooperative Societies (Saccos) across the country have been challenged to embrace innovation and technology. The Cabinet Secretary for Cooperatives and Macro Small and Medium Development Simon Chelugui noted that doing so will help Saccos to increase their accessibility and visibility. He was addressing the 9th Annual Sacco Leaders Convention Meeting in Mombasa…

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Market Day Traders Savings and Cooperative Society members during the AGM at Aram market in February 2024.

One-year-old Sacco becomes youngest to hold AGM this year

The Market Day Traders Savings and Cooperative Society has become the youngest to hold an Annual General Meeting (AGM) this year. The fast growing Sacco which is barely one-year-old has surprised players in the cooperative industry due to its fast paced growth in the fast changing trends within the sub sector. According to the Chairman…

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Kisumu's Mowlem bus park.

Why Kisumu City manager ordered PSVs out of petrol stations

Kisumu City Manager Abala Wanga has ordered all Public Services Vehicles (PSVs) operating and has offices within petrol stations, to cease their operations in such places effective March 10, 2024. In a signed Statutory Public Notice, Wanga said the move is one of the ongoing efforts to enhance the efficiency and orderliness of public transport…

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Taita Taveta County ACK Diocese bishop, Rt. Rev. Liverson Mung'onda (left) addressing the press in February 2024. He is flanked by Five Talents Board Chairman RT. Rev. Dr. Joseph Muchai.

Join Saccos to secure affordable loans, NGO tells Taita Taveta residents

Five Talents Kenya (FTK) Board Chairman Rt. Rev. Dr. Joseph Muchai has asked the residents of Taita Taveta County to consider joining Cooperative Societies which he said will go a long way in uplifting their lives through affordable loans. “While in Sacco, it’s very easy for you to get a loan unlike when you need…

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