Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Mwalimu National Sacco in partnership with Kenya Mortgage Refinancing Company (KMRC) has unveiled low mortgage loan facilities to give affordable housing to members. The Sacco, which is Africa’s largest Sacco by assets, unveiled the affordable housing loan products at Mwalimu National Towers in Upper hill in a colourful event graced by Simon Chelugui, Cabinet Secretary…
Keystone DT SACCO has trained its focus on opening a new satellite office in Homa Bay after it realized high demand for its services in the area even as it plans to move to a new office in Kisumu due to increase in demand for space. Speaking during the SACCO Annual General Meeting at the…
Malindi Sub-County Cooperative Officer Felister Moraa has revealed that the county government of Kilifi intends to revive 20 dormant cooperatives this financial year. She said the government’s move was necessitated by the need to enable residents join cooperatives in large numbers and uplift their living standards. Moraa advised Sacco members to patronize the products in…
Co-operative Bank of Kenya has made a significant move to reduce the interest rates charged on personal loans and asset finance to selected key borrowers from 14 per cent per annum to 13 per cent per annum with effect from April this year. Among the main beneficiaries of the new lower rates include key corporate…
Yetu Sacco has established a training institute called Pamoja Technical Training College, becoming one of the first Saccos to diversify into technical training. The seven-storey institute has 84 rooms and is located in Majani Plaza in Nkubu town in South Imenti constituency of Meru County. The institution kicked off training in January 2023 with 54…
Ports Sacco has rebranded from Mombasa Port Sacco as part of itsstrategic growth plan to empower members, drive financial inclusion and expand its national footprint. Sacco Chief Executive Officer Dedan Ondieki said the rebrand is part of the Sacco’s expansion beyond Mombasa is part of its strategy to be diverse and inclusive as it renews…
Members of Wendano Matuu Company Ltd in Matungulu constituency on Thursday protested outside the company offices after the police barred them from holding a meeting in their land which has been a subject of court cases for the last 15 years as different factions within the society wrangle for leadership. The members blamed the local…
Following the liberalisation of the cooperative sector vide the Sessional Paper No 6 of 1997 and the subsequent enactment of the Cooperative Societies Act , No.12 of 1997 (Amendment 2004), supervisory committees were introduced in all cooperatives. Their mandate is to oversight cooperatives, a function that had hitherto been played by cooperative officers from the…
KUSCCO Rift Valley Regional Chairman David Langat has revealed that 22 Saccos from the region have joined the umbrella association. Speaking at Waterbuck Hotel in Nakuru City during KUSCCO’s 35th regional council meeting, Lang’at welcomed the Saccos into the union and promised to assist them prosper in their programmes. The new members are Chemoton, Elean,…
President William Ruto has nominated the former National Treasury Permanent Secretary (PS) Dr Kamau Thugge as Governor of the Central Bank of Kenya (CBK). If approved Dr Thuge will take over from Dr Patrick Njoroge who has been CBK governor since 2015. Thuge’s nomination comes after recruitment exercise that was carried out by the Public…
