Co-op News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Govt will not settle SACCO dues KCC deducted from former employees, CS Mbadi tells senators

Sacco ReviewOctober 31, 202404 mins

Former employees of Kenya Cooperative Creameries (KCC) have sought the Senate Committee on Labour and Social Welfare to secure their KES 204 million in unpaid dues. The committee has summoned National Treasury Cabinet Secretary John Mbadi who did not appear before the committee but sent a notice asserting that the Government is under no obligation…

Ownership Battle: Who really owns the Trans-Elite Savings Sacco Plaza?

Sacco ReviewOctober 31, 202405 mins

Confusion surrounds the ownership of the Trans-Elite Savings and Credit Cooperative Society Plaza in Kapsabet town, Nandi County, with current officials claiming ownership leaving the question, Who really owns the Trans-Elite Savings Sacco Plaza? Sacco Chair Alfred Ngetuny said they bought the plaza using a bank loan, dismissing claims by some former members claiming to…

Govt investigates rogue mining operations amid residents’ health concerns in Kilifi

Sacco ReviewOctober 28, 202406 mins

Residents of Kilifi County especially those residing in mining-dominated areas have in the recent past come out to air their dissatisfaction with the operations of some investments in the area. The move has forced the Cabinet Secretary for Mining and Blue Economy Ali Hassan Joho and the National Assembly departmental committee on Environment, Forest and…

Umoja Wendani Housing tops the property segment at Ushirika Day Awards

Sacco ReviewOctober 25, 202406 mins

Umoja Wendani Housing Co-operative emerged the top player in the recent Ushirika Day Awards Gala, taking first position in the Best Managed Housing Cooperative, Most Improved, and Best in Investments categories of recognitions. The society, established in 2012 to cater for the housing needs of Umoja Wendani Sacco members, was also second in Best in…

Tower Sacco deposits hit 21B to move 3 places up the overall rankings

Sacco ReviewOctober 25, 2024October 25, 202405 mins

Tower Sacco’s share capital and deposits increased by over Ksh3 billion in the last eight months to move from position 8 to 5 in a pool of 174 deposit-taking Saccos. According to Sacco Society Regulatory Authority (SASRA) in its Annual Sacco Supervisory Report 2023 which was released recently, the Sacco was ranked fifth under Large…

Taifa Sacco unveils state-of-the-art headquarters in golden jubilee celebrations

Sacco ReviewOctober 24, 2024October 24, 202404 mins

Nyeri-based Taifa Sacco yesterday celebrated the opening of its state-of-the-art headquarters as part of its Golden Jubilee festivities. The day’s events were marked by pomp and color, beginning with a thanksgiving service at ACK Church in Nyeri. Nyeri County Governor, Dr. Mutahi Kahiga, who officiated the event, hailed the new headquarters as the start of…

Lamu County welcomes six new cooperative societies to boost economic development

Sacco ReviewOctober 24, 202404 mins

Some six cooperative societies have been registered in Lamu County by the Cooperative Development Ministry, Sacco Review has reliably established. Speaking to Sacco Review from Lamu town recently, Lamu County Cooperative Director, Mr. Paul Thauri revealed that the county is currently in the process of registering more Cooperative societies to enable county residents to join…

Robbers steal valuables from Kakamega Sacco office

Sacco ReviewOctober 21, 202402 mins

IG (Invest & Grow) Sacco Society LTD is counting losses after robbers broke into their offices in Malava in Kakamega County making away valuables. The robbers had accessed the cash room where millions were stored and moved the safe box out with the intent of running away with it but failed due to its weight….

Cooperative bill to be law by end of year CS Oparanya says

Sacco ReviewOctober 16, 202408 mins

The Cabinet Secretary for Cooperatives and MSMEs Development Wycliff Oparanya has said that the cooperative bill 2024 which has put corrective measures for the Saccos is expected to become law by the end of the year. Oparanya speaking during 50 years celebrations of Stima Sacco Society Limited held at Carnivore Grounds in Nairobi said that the…

Uasin Gishu county fish farmers urged to form cooperatives

Sacco ReviewOctober 16, 202402 mins

Uasin Gishu fish farmers have been urged to form Cooperative Societies to increase their fish profit and productivity. Speaking during the distribution of feed to the fish farmers in the region, Uasin Gishu Livestock and Fisheries Chief Officer Nixon Cheplong said the farmers are not doing well since they have not formed cooperatives. The chief…