Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Saccos benefit many people and in their daily activities they are exposed to a variety of risks — either internal or external. Internal risks are those within the organisation while external risks are outside the control of the Saccos. These risks make Saccos fail to meet their goals and members are the one affected. Among…
Metropolitan Sacco 46th Annual General Meeting (AGM) that was taking place today at Kiambu High School ended unceremoniously as members demanded for financial reports. According to reports, the management of the Sacco said they did not have financial reports because SASRA had not approved them yet. The reports further indicate that members of the Sacco…
Some 100 homeowners at Greatwall Gardens estate in Athi River might lose their units after Erdemann Property Limited lost a KSh1.9 Billion loan case against Kenya Commercial Bank. Erdermann Property Ltd, the developer made a prayer to the court saying that homeowners were innocent purchasers and that the units were sold by mistake, the prayer…
Hesitance and lack of interest by young Jua Kali artisans in welding and metal work related sector in Embu County to join or form Saccos has been blamed for the continued low access to finances to expand their businesses. Such finances including loans and government funds which are readily availed to self-help groups and Saccos…
Metropolitan Sacco will hold its 46th Annual General Meeting (AGM) today at Kiambu High School. In a notice to members signed by its honorary secretary of the Sacco David Waweru Mwangi, the members will gather to adopt the annual reports and financial statements for the past two years and confirmation of the management and Supervisory…
One of the reform measures introduced by the Ministry of Cooperatives upon operationalisation of the Cooperative Societies Act, No 12 of 1997 was the creation of DCDCs vide a Commissioner’s Circular letter. This came in the wake of diminished donor funding to the sector due to what was infamously referred to as “donor fatigue”. The…
Kenya Tourism Board (KTB) targets to host about 3,000 at the 13th edition of the Magical Kenya Travel Expo (MKTE). The regional tourism fair is scheduled for October 2-4 at the Uhuru Gardens National Monument and Museum in Nairobi. The participants included tour operators, hoteliers, travel agents and travel trade visitors. In 2023, about 2,500 participants took…
Apstar Sacco, formerly Ukulima Sacco recently opened its ninth branch in Meru County at Greenwood City Mall. The eight other branches are in Nakuru, Kisii, Kisumu, Eldoret, Nairobi, Embu and Kakamega counties. Meru Governor Kawira Mwangaza, who graced the opening ceremony lauded the Sacco for expanding its presence across the country. “We are grateful that…
Railway Housing Co-Operative Society Ltd (RAHOSO) has requested the buyers of the land in Utawala area, Embakasi to visit the society’s offices to obtain title deeds. The property, Land Reference Number 7340/70 has been sub-divided into 73 plots. The plots have been further sub-divided and sold to different buyers. Through a notice in a local…
Three Ukambani governors under South Eastern Kenya Economic Block (SEKEB) have promised to continue being united and engage the National Government on matters to do with the livelihoods of the residents. In a meeting at Makueni governor’s office, Kitui Governor Julius Malombe, Governor Wavinya Ndeti (Machakos) and Makueni Governor Mutula Kilonzo noted that they are…
