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

PS Cooperatives urges SACCOs to hire competent officials

Sacco ReviewMarch 21, 2024March 23, 202402 mins

Principal Secretary Department for Cooperatives Patrick Kiburi Kilemi has asked Sacco members to always hire competent officials to run the SACCOs. He said incompetent officials are not able to perform leading to poor performance of most firms. Speaking during APSTAR Sacco (former Ukulima Sacco) 46th ADM at Serena Hotels he said the board should also…

President Ruto urges investors to put their money in Kakamega

Sacco ReviewMarch 21, 2024March 21, 202405 mins

Inaugural Kakamega international investment conference (KAIICO) gathered leaders from the National Government, Western Kenya, and Kakamega County respectively to showcase the potential for partnership and collaboration. Addressing the event, President William Ruto emphasised the need to attract both local and foreign investments as one way of transforming the vast potential of counties across all sectors…

Jubilee Insurance scoops three awards in annual fete

Sacco ReviewMarch 13, 2024March 13, 202402 mins

Last year’s best performing insurance companies were awarded in different categories during the Association of Insurance Kenya (AKI) Agents of Year Awards ceremony held recently. Jubilee Insurance was feted in three categories. It scooped the company of year award as well as most improved company of the year and highest growth in number of policies….

StanChart raises dividend payout by 31 per cent

Sacco ReviewMarch 13, 202401 mins

StanChart said it will raise its dividend by 31.8 per cent to KSh29 a share compared to 15 per cent representing KSh16 per share it had paid in 2022. In December, the lender had paid a KSh6 a share interim dividend, and now it has increased the final payout to KSh23 per share from KSh16…

Stanbic Holdings boosts dividend after KSh12 billion profit

Sacco ReviewMarch 8, 2024March 8, 202402 mins

Stanbic Holdings reported a KSh12.16 billion profit for 2023, allowing the lender to increase dividend to members. Annual profit was up 34 per cent from the previous year’s record of KSh9.06 billion after the net profit hit the highest in company’s history. READ ALSO: KenGen profit falls 9.2 per cent on weak shilling Therefore, Stanbic…

A tribute to the fallen hero in cooperative movement

Sacco ReviewMarch 5, 2024March 6, 202406 mins

The curtain has fallen on the man, Murungi Kibanga Manyara, who bestrode the country’s cooperative movement landscape like a colossus for close to half a century! The cruel hand of death has indeed robbed the country of its icon on matters cooperative law. The late Kibanga, who breathed his last on March 1, 2024, after…

Joy as land buyers in Thika receive title deeds after years of wait

Sacco ReviewMarch 5, 2024March 5, 202404 mins

Investors who bought land through a Thika based land firm, the Lesedi Developers Limited, have a reason to smile after the firm began issuing them with title deeds after years of wait. Following many days of court battles between the firm and investors over the former’s failure to issue them title deeds and alleged multiple…

Mbarire promises to help Embu bodaboda riders form Sacco

Sacco ReviewMarch 5, 2024March 5, 202405 mins

Thousands of boda boda operators in Embu County will be supported to launch a Sacco to enable them save and access loans and motor cycles, Governor Cecily Mbarire has announced. Governor Mbarire said once founded the Sacco would ensure that the boda boda operators are not subjected to exploitation by shylocks who charge unwarranted interests…

Kenya to host African cooperatives congress

Sacco ReviewMarch 4, 2024March 5, 202403 mins

Savings and Credit Cooperative Annual (SACCA) Congress will be held in Kenya later this year. Plans to host the 2024 SACCA Congress in the country have started in earnest with the constitution of a high-level working group. The Congress will go along the same lines as the previous Continental Congresses that made important contributions towards…

Mwalimu Sacco member wins KSh3.2 million house in promo

Sacco ReviewMarch 2, 2024March 3, 202402 mins

Tom Charigah emerged the winner of a three-bedroom house worth KSh3.2 million in a savings promotion scheme organized by Mwalimu National Sacco. READ ALSO: Kajiado women to receive interest-free loans if law is passed Charigah who been a member of the Mwalimu Sacco for over 40 years, was given the house situated at Kisaju area…