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CEOs of Fraudulent Co-operatives will be charged

By Roy Hezron Cooperative society managers will soon be required to be fully registered and certified members of Kenya Society of Professional Co-operators (KSPC). Those targeted include Chief Executive Officers…

Report: Cooperatives not tech savvy

By Roy Hezron A co-operative society baseline survey conducted last year found that many of them have no websites, email addresses and other digital tools. It was observed that many…

Employ stiffer penalties on deductions non-remittance -Kuscco

By Malachi Motano Sacco leaders call for introduction of stiffer penalties against public entity heads who do not remit Sh3.8 billion deducted from workers’ salaries. According to Kenya Union of…

DT-Saccos grew by 12 per cent despite the Covid -19 menace

By Malachi Motano The deposit taking savings and credit cooperatives societies (DT-Saccos) remained on the growth track despite the harsh economic time in 2020 that resulted from the outbreak of…

Saccos urged to diversify incomes in 2021

By Malachi Motano Savings and credit cooperatives societies (Sacco) will have to focus more on diversification to create wealth for their members in 2021. According to the Industry players, the…

Sacco rebrands to reflect the changing environment landscape

My Malachi Motano Kenya Police savings and credit cooperative (Sacco) society limited has re-branded to Kenya National Police Deposit Taking (DT) Sacco society limited to reflect the changing environment landscape.

Memba Sacco operations suspended over death of passenger

By Malachi Motano The National Transport and Safety Authority (NTSA) has suspended operations of Memba, a public service (PSV) Sacco after the death of a female passenger. NTSA stated that…

CBK leverage Saccos loan default at 8-year high

By Sammy Chivanga Savings and Credit Cooperative Societies (Saccos) are facing the biggest stability test because of hardship caused by the Covid-19 pandemic. A new Central Bank of Kenya report…

You will have to be certified to run a cooperative society

By Roy Hezron Current cooperative chief executives have to join the Kenya Society of Professional Co-operators (KSPC) to obtain professional certification. Speaking to Sacco Review, KSPC acting Chief Executive Symon…

Mergers will bring stability in co-ops, says Commissioner

By Roy Hezron Smaller co-operatives have been encouraged to come together to enable them enjoy economies of scale. Commissioner for Co-operatives Geoffrey Njang’ombe told Sacco Review in a recent interview…