Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos’ Boards of Directors across the country have been urged to adhere to their by-laws and the country’s laws to ensure the provision of quality services to members. Nakuru East Sub-County Director of Cooperatives Alex Muchemi regretted that majority of Sacco boards are flouting laws and regulations that are meant to protect members’ savings and…
The county government of Kisumu has partnered with Safaricom to scale up revenue collection in a major deal where the devolved unit targets to net Ksh2.2 billion in the 2023/2024 Financial Year (FY), an increase of Ksh1.1 billion from the previous year. The County Executive Committee Member (CECM) in charge of Finance, Economic Planning, and…
Boresha Sacco CEO Jacob Mengich has urged journalists in Baringo to join Saccos and utilize the cooperatives’ pocket-friendly access to credit and investment products and services. “While you educate the public about the benefits of a saving culture and the inclusive nature of cooperatives, I encourage you to join Saccos and take advantage of their…
Principal Secretary (PS) in the Ministry of Co-operatives and Micro, Small, and Medium Enterprises (MSMEs) Development, Patrick Kiburi Kilemi, has emphasized the importance of cooperative policies in driving the economy. Speaking during a consultative meeting in Nairobi with co-operative developers today, PS Kilemi urged policy planners to collaborate and utilize their expertise for the benefit…
As the world of business evolves and as companies look for ways to stay ahead of the curve, Savings and Credit Cooperatives (Saccos) are moving away from traditional formulae to competitive recruitment of staff. Majority of the regulated Saccos are now advertising vacant positions in national daily newspapers, while others hire employment agencies to advertise…
The Co-operative Bill 2023 is a game-changer as it will allow the government a level of control over activities of the cooperative movement and intervene in case of any risk that may threaten the movement with the aim of making the multi-billion sector flourish again. A look into the bill shows that unlike before when…
Kenya Union of Savings and Credit Co-operatives (KUSCCO), the umbrella body for Savings and Credit Cooperatives (SACCOs) in Kenya, has maintained that it doesn’t engage in any illegal business and operates within the stipulated laws that govern its operations. In a letter dated October 12, 2023 sent to all Sacco Chairpersons and which was a…
Farmers have urged the county government of Kajiado to pass four bills that will revitalize and increase livestock and crop production. The farmers, who attended public participation to deliberate on four agricultural bills hosted by the County Assembly Sectorial Committee on Agriculture, Livestock, Veterinary Services, Fisheries and Irrigation, and the Consumer Grassroots Association, said that…
The Retirement Benefits Authority (RBA) has rolled out a nationwide sensitization campaign to encourage more Kenyans to join the retirement scheme to cushion themselves during old age. Speaking in Kisumu, RBA Chief Executive Officer Charles Machira said that according to their data, only 26 percent of the country’s entire labour force saves for retirement. “This…
The Kenya Revenue Authority (KRA) has estimated a collection of over Ksh50 billion through the taxpayer amnesty programme which was unveiled on September 1, 2023 and will end on June 30, 2024. Mr. Ouru Nyamori, Acting Chief Manager of the Domestic Taxes Department in the Western Region, appealed to all taxpayers to take advantage of the…
