Outlook for Co-op industry in 2020

By Jackson Okoth Economists are already projecting tougher times for Kenya’s economy this year. But even with grim prospects and gloomy statistics, the resilient Co-operative industry is putting on a brave face. Latest figures from Sacco Societies Regulatory Authority (SASRA) databases indicate that Kenya’s Sacco Sub-sector holds total assets worth more than Sh 442.3 billion…

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Co-op are tools for socio-economic development, says Munya

By Tsozungu Kombe The Government intends to ensure that co-operative societies become tools for social and economic development. This includes promotion of inclusivity and improved livelihoods for all through participation in the Big 4 Agenda. Speaking during the the 20th Annual SACCA Congress held in Mombasa County, Cabinet Secretary for Industry, Trade and Cooperative, Peter…

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State-based Saccos dominate sector

By Jackson Okoth Government-based Deposit Taking-Saccos control majority of both total assets and total deposits in the Sacco sub sector. These financial co-operatives, which derive the bulk of their membership from Ministries, State agencies, Corporations and County Governments, controlled 37.67 per cent of the industry’s entire balance sheet of Sh 495.25 billion as at the…

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Co-operative Bank to support free cancer screening campaign

By Our Reporter Beth Mugo Cancer Foundation in collaboration with Co-operative Bank and other partners has drawn out a countrywide programme of Free Cancer Screening Camps where Kenyans can get free screening for the key lifestyle disease conditions that continue to ravage families including cancer, blood sugar levels, blood pressure and related health needs. The…

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