Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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….
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…
Fortune Sacco has opened a new branch in Ongata Rongai, Kajiado County as part of its expansion plan. Kajiado County Deputy Governor Martin Moshisho commended the Sacco for focusing on improving the livelihood of Kenyans and assured them of the support from the county government. Sacco Chairman Mr Rufus Kamau noted that the opening of the…
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,…
Universal Traders Sacco has awarded Agnes Kalondu Nzuki a Toyota Probox, the car she won from a Ksh2000 stake she deposited to enter the grand draw at Kenyatta Stadium in Machakos County. The elated lady from Mutituni/ Ngelani Ward in Machakos County could not believe her luck. She was among the numerous winners who walked…
Kisii County Deputy Governor Dr. Robert Monda has stressed on the importance of financial literacy campaigns and member education drives among Saccos to cultivate a saving culture among residents. Speaking during the launch of Stima Sacco new branch at Waumini Plaza where he represented Governor Simba Arati, Dr Monda noted that cooperatives play a pivotal…
Urithi Housing Cooperative Society Limited has issued 86 title deeds to members of its flagship Panorama Gardens gated community project located in Thika. The society’s chairman Samuel Maina said the move is part of the cooperative’s efforts to revive its stalled projects. He revealed that the 86 title deeds are part of the 200 deeds…
Surestep Systems and Solutions Ltd has addressed the ongoing Njiwa Sacco fraud case. Through a press release dated September 23, 2023, the company stated that it believes it is essential to clarify that the matter dates back to 2018 and is not a recent occurrence. Since the inception of this case, Surestep has been unwavering…
Detectives from the Directorate of Criminal Investigations (DCI) have arrested nine employees of Njiwa Savings and Credit Co-operative (Sacco) Society in connection with the disappearance of Ksh160 million from Sacco savings. In a statement through its official twitter handle this morning September 23, 2023, the DCI noted that the employees belonging to staff of the…
