PS Susan Mang'eni and acting CEO Elizabeth Nkukuu before National Assembly Special Funds Accounts Committee

MPs Directs Hustler Fund Department to Submit List of Defaulters

Members of Parliament have instructed the Financial Inclusion Fund, popularly known as the Hustler Fund, to submit a comprehensive list of loan defaulters. The MPs under National Assembly Special Funds Accounts Committee want the committee to present comprehensive details of the defaulters. The Committee which met Principal Secretary Susan Mang’eni and Acting Chief Executive Officer…

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The Mediation Committee on the Sugar Bill

Mediation Committee Meets to Consider Contentious Clauses of Sugar Bill

The Mediation Committee on the Sugar Bill (N.A. Bill No. 34 of 2022) has started considering clauses of the Bill that are under mediation. The committee which is chaired by  Emmanuel Wangwe (MP Navakholo) first considered sub clause 38 (6), which, if amended, will see the Members agree on the institution that will be in…

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Goeoge Ombado , Executive Director ACCOSCA

ACCOSCA: Cooperatives Bill 2024 will change the sector positively

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…

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Cooperatives Bill 2024 will be the game changer in the cooperative Sector, ACCOSCA Director says

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said The Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the same…

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Jack Ranguma, the chairperson of SASRA.

6.8 million members borrowed over Ksh700 billion in Saccos

The membership in the country’s Savings and Credit Co-operatives (SACCOs) has increased from 6.42 million in 2022 to 6.84 million in 2023, borrowing over Ksh700 billion within a span of one year. According to the recently released 2023 Annual Sacco Supervision Report by SASRA the increase in the 357-Regulated Saccos translated to 6.57 per cent…

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The Cabinet Secretary Ministry of Cooperative Wycliffe Oparanya during release of 2023 Annual SACCO Supervision Report. Photo Courtesy

Mwalimu Sacco maintains top position in Kenya, Africa in latest report

Mwalimu National DT Sacco has maintained its top position in the country and in Africa as one of the Savings and Credit Co-operatives (SACCO) with the highest asset base in the latest supervisory report released by the country’s Sacco regulator. According to the recently released Sacco Societies Regulatory Authority (SASRA) 2023 Annual Supervision Report, Mwalimu…

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Cabinet Secretary for Cooperatives and MSMEs development Wycliffe Oparanya addresses Stima Sacco delegates.

Govt to aid Saccos to access more funding, Oparanya says

The Cabinet Secretary (CS) for Cooperatives and MSMEs development Wycliffe Oparanya has revealed that the government is keen to help Saccos access capital by exploring avenues for increased funding and investment in the sector. Speaking during the 7th Annual Delegates’ Conference for Stima DT Sacco Society Ltd on Thursday, Oparanya urged sector stakeholders to work…

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Jack Ranguma, Chairman, SASRA Board of Directors

Public varsities, colleges owe highest non-remitted funds to SACCOs

Public universities and tertiary colleges owed the largest proportion of non-remitted funds for SACCOs in 2023, a report by Sacco Societies Regulatory Authority (SASRA) has revealed. According to the Sacco Supervision Annual Report 2023 released this week, the institutions owed Ksh958.07 million which translates to 37 per cent of the total non-remitted funds. Subsequently, county…

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Kisumu County Governor Anyang' Nyong'o addressing residents in a past event./ Photo courtesy

Kisumu to host this year’s annual tourism week fete

The Governor of Kisumu County Professor Anyang Nyong’o has revealed that the county will be hosting this year’s Kenya Tourism Week and United Nations World Tourism Day. Nyong’o in a statement made recently expressed his excitement ahead of the prestigious event slated for September 23-27 and guided by the theme “Tourism and Peace.” He revealed…

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