Sacco Review

Attend SACCA Congress to enhance knowledge on cooperative policies, leaders urged

Cooperatives and Micro, Small and Medium Enterprises Development Cabinet Secretary  Simon Chelugui has urged SACCO leaders to attend the Annual Savings and Credit Cooperative Association Congress so as to exchange knowledge on cooperative policies and practices. Speaking during SACCO leaders’ consultative breakfast meeting on preparedness status for the 23rd SACCA congress organized by African Confederation…

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How rise of Airbnbs led to slow death of traditional hotels

Since the inception of Airbnbs in 2008, traditional hotels have continued to registered low to almost no profits. AirBnBs have gained popularity among travelers who are in search of affordable accommodation, convenient locations, and the comforts of home. Linnet Wanjugu Murage, the owner of the Hamptons Apartment in Nyeri county, said holiday homes have rapidly…

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Twelve suspects deny Ksh166M Njiwa Sacco fraud case

Twelve suspects linked to the mysterious disappearance of Ksh166 million belonging to the Njiwa Sacco have been charged before the Kahawa Law Courts. Appearing before Senior Principal Magistrate Boaz Maura Obwewa, the suspects pleaded to 223 charges filed against them by the office of the Director of Public Prosecutions. Through their lawyers led by Danstan…

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County to revive over 200 dormant cooperatives

Kwale County Cooperative Director Mohammed Mkanga has revealed that at least 200 dormant cooperative societies in the county are set for revival. Mkanga said this year, three dormant cooperative societies have already been revived. He revealed that there are many dormant cooperative societies yet there isn’t sufficient budget allocated for their revival since the department…

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3 data controllers fined for non-compliance with Data Protection Act

The Office of the Data Protection Commissioner has issued three penalty notices to three data controllers for failing to observe data privacy rights to data subjects and , not complying with the Data Protection Act. This has been revealed through a press released today, September 26, 2023, by the office of the data protection commissioner….

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County trains women on cooperative management for economic stability

Women in Illoodokilani ward in Kajiado West have received training on cooperative management organized by Kajiado County Department of Cooperatives. Gender, Culture and Cooperative CECM Janet Sereu said the training aims to empower women to achieve economic stability through entrepreneurship, employment and increased income through agriculture, trade and finance activities. She noted that efforts by…

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SACCO SASRA

Latest SASRA report shows fall in financial investments for regulated Saccos

Latest Sacco Societies Regulatory Authority (SASRA) reports indicate a drop in financial investments in Saccos for the period 2021/2022, against the total assets of the segment. The total amount of financial investments of regulated Saccos decreased from Ksh50.30 billion in 2021, which represented 6.23 per cent of the total assets, to Ksh49.95 billion in 2022,…

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