Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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…
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…
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…
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…
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…
The Cabinet Secretary (CS) for Cooperatives and MSMEs Development Wycliffe Oparanya has urged Sacco members across countrywide to back the creation of a federation to regulate Saccos as proposed in the Cooperative Bill 2024 currently before Parliament. Speaking during the launch of the SACCO Societies Regulatory Authority (SASRA) Supervision Report, Oparanya asserted that creation of…
Kakamega County Water and Sanitation Company (KACWASCO) has reason to celebrate after successfully defending its titles in both soccer and Isukuti dance championships during the 13th edition of the WASCO games held in Murang’a County last month. Kakamega County Governor Fernandez Barasa received the coveted trophies on behalf of the KACWASCO teams, which demonstrated remarkable…
The Sacco Societies Regulatory Authority (SASRA) has urged Saccos to develop new savings and credit products tailored to the changing needs of members, a move that will greatly reducing dormant accounts. SASRA, in a report released on Wednesday, noted that reactivation of dormant accounts should be the top priority for Saccos that seek to boost…
The government targets to create five million jobs in the Micro Small and Medium Enterprises (MSMEs) sector in the next three years, Cooperatives Cabinet Secretary Wycliffe Oparanya has revealed. Oparanya disclosed that currently 15 million Kenyans are employed in the MSME sectors and the government has plans to move the number to 20 million in…
The New Kenya Co-operative Creameries (New KCC) has re-advertised the position of Managing Director (MD) to replace Nixon Sigey whose tenure at the creamery is drawing to a close. In a job advert made by the creamery, the interested party must be a team leader with a track record in business leadership. “We are seeking…
