Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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’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…
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…
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…
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….
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 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…
The National Government has kicked off process of offset debts in the farmers cooperatives society by setting up a committee to audit debts worth billions of shillings owed to farmers by cooperatives societies. The committee which is chaired by cooperatives commissioner is set to look into the issue of debts which has been arising in…
Cabinet Secretary Ministry of Co-operatives Wycliffe Oparanya has directed the management of new Kenya Co-Operative Creameries (KCC) to give a report within 90days on the restructuring process of the government corporation to have a vibrant and productive institution. The CS alongside Principal Secretary for Cooperatives, Patrick Kilemi on Monday had a meeting with the New KCC…
As competition stiffens from commercial banks, majority of Savings and Credit Cooperative Societies (Saccos) are making clever moves to accept personal security such as title deeds and log books in place of the traditional guarantors for loans. In recent years, a significant number of Saccos across the country have reportedly been giving members the option…
