Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Patrick Odenyo Savings and Credit Co-operative Organizations (Saccos) are warning that the proposed changes in laws governing the sector are likely to stifle growth and put members’ savings at risk. According to Co-operative Alliance of Kenya (CAK) Executive Director Daniel Marube, the proposals contained in the Sacco Societies (Amendment) Bill 2018 will open room…
By Wesley Ken Having successfully attained the requisite asset base, Kimisitu Sacco Society is now officially in the tier one category of Saccos. To give its nod, the Sacco Society Regulatory Authority (SASRA) assesses the concentration risk of a DT-SACCO and its standing among its peer group in terms of total assets in order to…
Tai Sacco For us as Tai Sacco, the services rendered by Tangazoletu Ltd are satisfactory. Our experience with Tangazoletu is that through their services, we have seen Improved Financial Performance, Improved Customer Service and Increased outreach. Tangazoletu has given Tai Sacco a competitive edge over other Saccos. It has helped us realize Better Decision-Making through…
By Tsozungu Kombe Mombasa County has registered twenty new co-operative societies. Mombasa County Co-operative Commissioner Malaki Tenai said the registered co-operative societies in the region are Saccos. He warned Sacco members in the area against politicising the operations of the societies. The Commissioner urged members to patronise saccos to enable them continue offering quality services…
By Benedict Ng’etich Sacco managers have been urged to undertake proper mapping and feasibility studies before opening more offices or branches. Bomet County Director of Co -operatives David Kerich regretted that some Saccos ended up incurring losses by paying rent on offices which were underutilised or were lying completely idle. “It is disheartening when a…
By Tsozungu Kombe Kenya Police Sacco National Chairman David Mategwa has urged top Sacco officials to be transparent and accountable to enhance efficiency in their respective societies. Mategwa said that the co-operative movement plays a vital role in the country by uplifting living standards of Kenyans. He asked Saccos in the country to comply with…
By Collins Akong’o Saccos which have embraced modern technology in service delivery have the competitive edge in the market. KUPPET Executive Secretary Taita Taveta County Shedrack Mutungi said use of technology will strengthen Saccos’ operations and ensure they withstand competition. He called on co-operatives leaders to fast-track the process of expansion to ensure the growth…
By Tsozungu Kombe Imarika Sacco has set aside Sh350 million for the construction of a modern office complex at the county headquarters in Kilifi town. Speaking during the Annual Delegates Meeting recently, the society’s Chief Executive Officer Daniel Masha disclosed that construction works is currently ongoing and phase one of the project has already been…
By Our Reporter Kilifi County Government will strive to ensure that it creates an enabling environment for the growth of co-operatives. The County Executive Committee Member in charge of Trade, Tourism and Co-operative Development Nahida Mohamed said the county will soon come up with policies on co-operative development. She said the legislation and policies will…
By Our Reporter The youth in Malindi Sub County in Kilifi County recently received Sh5.9 million from Uwezo Fund to boost their businesses. Malindi Sub-county Youth Development Officer Juma Mtana said that the funds have been distributed to 66 youth groups in the sub-county. He said the funds received in March this year were distributed…
