Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In Kenya, Savings and Credit Cooperative Societies (Saccos) have long been pillars of financial stability and community support. They offer accessible loans, promote a saving culture, and provide an alternative to traditional banking for millions. Saccos are deeply trusted institutions, often regarded as safe havens for personal savings and a dependable source for credit during…
As the business landscape goes through major transformations, those at the top of various business organizations, particularly Savings and Credit Co-operative Societies (Saccos) must be awake to the reality that leadership isn’t just about holding a title or occupying a corner office in an organization. In this case, they should learn to understand that, leadership…
The West Pokot County Boda Boda Association has a vision of purchasing a shuttle (van) to boost the group economically from the revenue it will generate. Speaking to Sacco Review desk in Makutano town, the chairman of the association Mr. Augustine Tomunyo said that the main focus of the group members now is to uplift…
The commissioning of the Extended Shelf Life (ESL) processing plant by Limuru Dairy Farmers Cooperative has led to the society posting good financial performance this year reflecting significant growth and solid management. According to George Njuguna, chairman of the board of the society speaking during the 60th annual general meeting held at the milk processing plant in…
The Supreme Court overturned an Appellate Court verdict that had declared the Finance Act 2023 Unconstitutional. This followed the successful appeal filed at the Supreme Court by the Cabinet Secretary for National Treasury, the Attorney General and the National Assembly and the Kenya Revenue Authority, challenging the July 31st 2024 Court of Appeal’s judgment declaring…
Former employees of Kenya Cooperative Creameries (KCC) have sought the Senate Committee on Labour and Social Welfare to secure their KES 204 million in unpaid dues. The committee has summoned National Treasury Cabinet Secretary John Mbadi who did not appear before the committee but sent a notice asserting that the Government is under no obligation…
Confusion surrounds the ownership of the Trans-Elite Savings and Credit Cooperative Society Plaza in Kapsabet town, Nandi County, with current officials claiming ownership leaving the question, Who really owns the Trans-Elite Savings Sacco Plaza? Sacco Chair Alfred Ngetuny said they bought the plaza using a bank loan, dismissing claims by some former members claiming to…
Residents of Kilifi County especially those residing in mining-dominated areas have in the recent past come out to air their dissatisfaction with the operations of some investments in the area. The move has forced the Cabinet Secretary for Mining and Blue Economy Ali Hassan Joho and the National Assembly departmental committee on Environment, Forest and…
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…
