Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Experts in the cooperative movement have been challenged to assist small rural-based enterprises access local and international markets for their products. Women groups in Mbeere South involved in making eco-friendly kiondos from degradable sisal fibre said the fact that they cared for the environment qualified them for assistance. The Kiritiri Kwimenya Self-Help Group, whose products…
The SASRA Sacco Supervision Report 2022 has revealed that total assets by the Sacco sub-sector grew by 11.79 per cent with those from Deposit Taking (DT) Saccos standing at Ksh763.50 billion while those from Non-Withdrawable Deposit Taking (NWDT) Saccos shot to Ksh126.80 billion up from Ksh116. 02 billion recorded in 2021. The increase reflects a…
Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their societies to take them to the next level. Magutu said for many years, youth and women have been sidelined and they must be ready to take up positions, even that of…
Mentor Sacco Society Limited is set to auction a Ksh300 million property in Nairobi’s Ngara area belonging to Mugoiri Development Company Limited. This is after Commercial and Tax Division Court Judge Justice David Majanja, on August 24, issued the ruling in a dispute where the Company had filed a suit seeking to block the Sacco…
Saccos hired 3,430 agents in towns across the country in a strategy aimed at ensuring efficient and effective services for their members. According to the Sacco Supervision Report for 2022 released by the Sacco Societies Regulatory Authority (SASRA), 36 Deposit-Taking (DT) Saccos hired 3,430 agents to help them handle customer transactions, which helped to cut…
Tembo Sacco is selling Tembo Co-op House, a commercial building located along Moi Avenue in Nairobi. The sale is being facilitated by Tysons Limited. The property is a solid construction fully occupied and let to stable tenants, has ground floors with shops as well as seven upper floors with offices. The property has a reliable…
Sacco Societies Regulatory Authority (SASRA) is set to propose a law that will see the National Treasury deduct money directly from funds allocated to public agencies. This is after the Sacco Supervision Report for 2022 indicated that 80 regulated Saccos did not get Ksh2.67 billion from employers, which were deductions from the pay of 66,452…
Cooperatives and MSMEs Cabinet Secretary (CS) Simon Chelugui has said co-operatives have been an important socio-economic development tool since independence, and thus the need to channel all resources through the sector. “We want to reposition our country in all sectors through the cooperative model for meaningful growth, including in the realization of the bottom-up economic…
Bungoma County Chief Officer for Cooperatives Development Beatrice Nakhumicha has urged the county government to sensitize cooperative society leaders on leadership and management. Speaking during the International Cooperative Day celebrations, Nakhumicha attributed the collapse of cooperative societies in the region to management wrangles and argued that training the leaders on management will help solve the…
Kenya Union of Savings & Credit Co-operatives (KUSCCO) has marked its 50 years of existence with a share capital of Ksh2.99 billion in 2022 that had risen from Ksh2.81 billion previously, which represents a growth of 6.4 per cent. National Chairman George Magutu revealed this as he highlighted their achievements in the housing sector, where…
