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

PS Kilemi urges Saccos to frequently upgrade ICT systems

Sacco ReviewJuly 24, 2024July 26, 202405 mins

Principal Secretary State Department for Cooperatives Development Patrick Kilemi has urged cooperatives societies to adopt and frequently upgrade their ICT systems to aid in prompt decision-making and efficient delivery of service. The PS who was speaking during the 25th Anniversary Celebrations of DIMKES DT Sacco Society Ltd On 19th July 2024 at ACK St. Paul’s…

Unison Sacco seeks to hire 12 workers for different posts

Sacco ReviewJuly 23, 202405 mins

Unison Sacco, a leading Tier One Deposit-Taking Savings and Credit Cooperative, is seeking to hire nine clerks, one internal audit clerk, and two call center officers. The nine clerk officers will be deployed to perform as Teller/Customer care officer/Loan assistant/Marketing officer. The minimum qualifications for these positions include; a Diploma in Management, Co-operative Studies, Marketing,…

Ruto advised to appoint Co-op CS with experience in sector

Sacco ReviewJuly 22, 202405 mins

As the President plans to reconstitute his cabinet, members of a Sacco have urged him to appoint a Cabinet Secretary with expertise in managing cooperatives. Members of Anchor Premier Sacco have expressed that appointing someone with experience in managing cooperative societies to lead the Ministry of Cooperatives and Micro, Small, and Medium Enterprises Development would…

UFAA has Sh. 60 billion unclaimed assets

Sacco ReviewJuly 17, 2024July 17, 202406 mins

The Unclaimed Financial Assets Authority (UFAA) has in its possession more than whooping Sh. 60 billion in terms of cash and assets which it intends to release to the legitimate claimants. UFAA Board Chairman Dr. Francis Njenga said the state agency has collected sh. 32 billion in cash and an additional sh 1.7 billion unit…

Machakos Farmers Co-ops receive grant after locust invasion

Sacco ReviewJuly 17, 2024July 17, 202403 mins

Four farmers’ co-operative societies in Machakos have a reason to smile after the County government through the Emergency Locusts Response Fund (ELRF) gave them a grant meant to improve marketing of their farm produce in a bid to compensate them after the recent locust invasion. The societies each received a grant of Ksh500, 000 through…

Transition technical challenges made some customers get Hustler loans without IDs, says KCB

Sacco ReviewJuly 16, 2024July 17, 202405 mins

The Kenya Commercial Bank (KCB) has recently responded to Auditor General Dr. Nancy Gathungu’s report which showed that some customers received Hustler loans without Identification Cards noting that the problem was caused by technical hitch during transition. Through a statement from the bank Managing Director Mrs Annastacia Kimtai, KCB indicated that the auditor had shared…

Imarika Sacco commemorates Ushirika Day in Kilifi

Sacco ReviewJuly 13, 2024July 13, 202403 mins

Imarika DT Sacco celebrated International Cooperatives Day, locally known as Ushirika Day, on Saturday, July 6, 2024. The Sacco Chairman John Nziro, Board of Directors, CEO George Yongo Ngala, and management, along with other key figures, gathered to mark the 102nd Ushirika Day. Kilifi County Governor Gideon Mung’aro was also in attendance. The Ushirika Day…

Active Co-op members more optimistic and happier lot, study shows

Sacco ReviewJuly 12, 202407 mins

Active members of a cooperative are more likely to be assisted by their respective entities in case of any unforeseen challenges, a recent research study has shown. According to a Cooperative Resilience Longitudinal Study in Kenya, which was conducted for the last 5 years, about 82 per cent of cooperative members expressed certainty that if…

Saccos holding KSh91 million in unclaimed assets

Sacco ReviewJuly 12, 202408 mins

James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…

Fired Cooperatives CS Chelugui speaks out

Sacco ReviewJuly 12, 202403 mins

Cooperatives and MSME Development Cabinet Secretary Simon Chelugui has issued statement moments after being sacked. In a statement shared on X, Chelugui thanked President William Ruto for entrusting and giving him an opportunity to serve the people of Kenya under his administration. While quoting bible, Chelugui thanked Ruto and Kenyans and promised to support Ruto…