Nairobi has highest number of dormant co-operatives
By Roy Hezron The Co-operative Sector Baseline Survey report released recently revealed that Nairobi County has the highest number of dormant co-operative societies in the country. A total of 5,723…
Co-operatives raised Sh13 million to fight Covid-19
By Roy Hezron Cooperative societies raised a total of 13 million to the Co-operative Coronavirus Response Committee (CCRC) to fight the Covid-19 pandemic. The committee was constituted by the Department…
Safaricom Investment Co-op joins NSE’s Ibuka Program
By Jackson Okoth Safaricom Investment Co-operative has joined Ibuka, Nairobi Securities Exchange’s (NSE) premium incubation and acceleration programme for high growth companies in Kenya. The co-operative is joining the Accelerator…
Land buying firms ordered to surrender vital documents
By James Wakahiu Land buying firms in Ruiru and Juja sub-counties have been directed by the Ministry of Land and Physical Planning to surrender their members register, mother title, maps…
Kenyan receives Distinguished Service Award
By Rosemil Oduor A member of the Kenyan Union of Savings and Credit Cooperatives (KUSCCO) Sylvester Kadzola received a Distinguished Service Award (DSA) for his exemplary service to the international…
Spending cuts lift Harambee Sacco out of losses
Sacco paid dividends at 4% this year while interest on deposits at 5.5% this year. By Jackson Okoth A change in its executive suite, which saw the recruitment of a…
Sh9.9bn loan defaults strain Saccos
By Munene Maina Delay in remittance of loan repayment deductions by the National and County governments is causing headache for Sacco bosses. This has seen the growth rate of non-performing…
Watchdog to set service delivery standards in Co-op Sector
By Munene Maina A new body to set standards of training and hiring of co-operative employees has been launched. Staff members in all co-operative societies will now undergo thorough vetting…
Ubunifu Sacco fosters youth financial inclusion
By Erick Maranga Ubunifu Sacco continues to assist youth to enhance savings and financial inclusion.The youthful Sacco Chairman Frank Odindo said young people are the future of the country making…
New SASRA ranking places CoreTEC as the leader in digital technology for Saccos
By Our Reporter CoreTEC Systems & Solutions is the leading Mobile (Digital) Financial Service Application provider company in country’s Sacco sector. In a recent survey conducted by Sacco Societies Regulatory…