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Only 3 per cent of women occupy top slots in Saccos

By Munene Maina Men dominate top management and leadership positions in Deposit-Taking Saccos new data shows. The Sacco Societies Regulatory Authority (Sasra) latest Sacco Supervision Annual Report, 2019 indicates men…

Kwara boosts Saccos mitigation of Covid-19

COVID-19 is accelerating SACCOs’ digital transformation. Covid-19 caught many businesses by surprise. One of the most affected sectors by the lockdown and social distancing measures implemented by the government was…

Gains in Sacco subsector must be protected

DT-Saccos have continued to show great depth of resilience and stability. Last year, the financial institutions recorded a double-digit growth rate according to latest Regulator’s data. The Saccos’ total assets…

Dormant membership in Saccos rises to 670,000

By Sammy Chivanga The number of dormant members in the Savings and Credit Cooperative Organisations (Saccos) has risen by 40.1 per cent to 676,052 on increased job cuts and delayed…

Cooperatives directed to retain auditors in absence of AGMs

By Our Reporter The regulator has directed all non-deposit taking Saccos to maintain their external auditors for another year after Covid-19 scuttled annual general meetings (AGMs) where a change of…

Sasra roots for merger of small Saccos

By Sammy Chivanga The regulator is now calling for the merger of various small Savings and Credit Cooperative Societies (Saccos) to bring stability and efficiency in the vibrant sector that…

Lack of professional standards hurting co-op sector

KSPC has no legal mandate to set guidelines in hiring of Sacco staff By Our Reporter The Savings and Credit Co-operative Society (SACCO) industry has yet to develop a framework…

Saccos in rush for pensioners’ cash

By Jackson Okoth A growing number of Savings and Credit Co-operative Societies (Saccos) are facing a dilemma.  Most are at a loss over how to retain an ageing membership that…

Covid-19: WOCCU appoints new committee to identify, share best practices with co-ops

By Staff Reporter African Confederation of Savings and Credit Cooperatives Chief Executive Officer George Ombado has been named a member of the World Council of Credit Unions newly established Committee.  The Covid-19…

Sh.1 billion Corona kitty mooted to cushon Sacco members

By Sammy Chivanga The State Department of Co-operatives is rooting for a Covid-19 response team to mobilise up to Sh1 billion kitty to support members of co-operative movement and their…