Sacco Review

Stima Sacco announces job vacancy for Insurance Manager

Stima DT Sacco Society Limited is seeking to hire a new Insurance Manager. It seeks a qualified professional with strategic orientation and strong sense of professionalism.  Once hired, the Insurance Manager will have a vital role to play in spearheading change and enhancing member experience through innovative solutions. The successful candidate will manage Mpawa Insurance…

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Fortune Sacco football team promoted to National Super League.

Fortune Sacco promoted to National Super League

Fortune Sacco Football Club beat Michael Olunga Foundation, MOFA, 3-0 to earn a slot in next season’s National Super League (NSL). The play off took place on Saturday, May 18 at Dandora Stadium, Nairobi. The two teams scooped position two in their respective Division One zones. Fortune Sacco, based in Kirinyaga now joins APS Bomet…

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Cooperative PS Patrick Kilemi

Treasury set to slash Cooperatives Ministry budget by KSh959 million

The Principal Secretary for Cooperatives Patrick Kilemi has urged parliament to consider additional of funds to ministry for successful implementation of reforms. The PS had led a team from the State Department for Cooperatives to a meeting with the National Assembly Committee on Trade, Industry and Cooperatives chaired by Embakasi North MP James Gakuya recently….

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CS Cooperatives and Micro,MSMES Simon Kiprono Chelugui (fourth left) after a meeting with Council of Governors to deliberate on Cooperatives Bill, 2024. Photo: Obegi Malack

Council of Governors to submit views on Cooperatives Bill 2024

Council of Governors has presented a technical working group to give input on the Cooperatives Bill 2024 which is currently in Parliament. The governors led by Bungoma Governor Kenneth Lusaka, who is also the chairman of the Agriculture, Livestock and Cooperatives in the COG held a consultative meeting on Thursday presided over by Cabinet Secretary,…

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Suba North MP Caroli Omondi

Assent Sugar Bill into law, Suba North MP urges President Ruto

Leaders drawn from sugarcane growing belt have called on the President William Ruto to assent into law the Sugar Bill that has now passed its first and second reading at the National Assembly and Senate. Suba North MP Caroli Omondi said with the passing of the bill, farmers were bound to benefit fully from cane…

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Deputy Chief Justice Philomena Mwilu, who is the Chairperson, Sheria Sacco at Kamel Park hotel during Head of Stations Forum held recently. Photo: Emmanuel Gwakoi

Sheria Sacco members stopped from guaranteeing more than two loan applicants

Sheria Sacco has stopped members from guaranteeing several members. Sacco chairperson, Deputy Chief Justice (DCJ) Philomena Mwilu has said it will curb loss of funds through defaulted loans. The official noted previously, a member could guarantee several members and the Sacco lost funds. “Last year, the Sacco lost KSh78 million, a member can only guarantee one…

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Cake cutting during the launch.

New Sacco launched in Kilifi to empower women financially

Kilifi Women Empowerment Cooperative Society (KWECOS) launched a Sacco recently aimed at fostering financial growth and empowerment members. KWECOS chairperson Ephie Wesa said the formation of the Sacco will empower women who have facing financial challenges in the county, urging them to join the Sacco in numbers. Speaking during the launch the chair said they…

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Taqwa Sacco records KSh27 million profit for year 2023

Taqwa Sacco has declared KSh27 million in profit for the year 2023. Also, it paid out dividends to its shareholders amounting to KSh13 million. Founded in 1998, Taqwa Sacco is Kenya’s pioneering Shariah-compliant financial institution, offering Halal credit and investment opportunities to its members. Taqwa Sacco boasts a membership of more than 13,500 individuals across…

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CS Cooperatives Simon Kiprono Chelugui, PS Patrick Kilemi with Sacco leaders who will participate in the 2024 Women's Mentorship Programme (WMP) in Canada in June. Photo:Obegi Malack

Women leaders in Saccos sponsored to attend 2024 women’s mentorship programme in Canada

Eight women leaders who were selected to participate in the 2024 Women’s Mentorship Programme (WMP) organised by the Co-operative Development Foundation of Canada (CDF Canada) will depart the country on June 20 for the mentorship programme. The Women leaders of Credit Union will benefit from international professional development and mentorship opportunities. The program will run…

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Sacco Review team during the last year's International Day of Ushirika Day at KICC. Photo Obegi Malack

Cooperatives leaders roll out activities as they gear up for Ushirika Day celebrations

Cooperatives leaders have launched activities in preparation for the upcoming International Day of Cooperatives (Ushirika) Day to be marked on July 6, 2024. The theme for this year’s Ushirika Day is “Cooperatives build a better future for all,” it will be held in Nairobi County at the KICC grounds. State Department of Cooperatives Permanent Secretary…

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