Higher income, reduced expenses spur Co-op Bank profit to hit Sh16.5 billion
By Bernard Matumbai Co-operative Bank of Kenya’s net income jumped by 53 percent to a record Sh16.5 billion in the year ended December 2021 from Sh10.8 billion in the previous…
Adoption of Risk based lending has increased credit rating uptake
By Andrew Walyaula waliaulaandrew0@gmail.com Lenders in Kenya have gradually adopted the risk lending based mechanism, a move that has led to the rise of credit rating uptake. The Credit Reference…
Over Sh5 billion Owed to Saccos by Employers in Non-Remittance, Report
By Our Reporter Despite the stellar performance of the Deposit Taking (DT) Saccos during the troubled 2020 financial year, Sacco regulator SASRA blames perennial delays in remittances of statutory deductions…
Afya Sacco Chairman dies
Vitalis Peter Lukiri, the long-serving National Chairman of Afya Sacco has died. Family sources told Sacco Review that he passed on at Nairobi Hospital on Wednesday night after a short…
Worry as Dormant Sacco Members Hit 1.4m Due to Economic Hardships
By Sammy Chivanga The number of dormant members in the Savings and Credit Cooperative Societies (Sacco) has risen by 79.55 percent to 1.37 million on increased job cuts and delayed…
Sacco builds staff capacity to boost service delivery
By Our Reporter Finnlemm Sacco is keen to build the capacity of its staff and board members to ensure informed and prudent decision making. The board also underwent training to…
AMREF goes for virtual and electronic operations
By Malachi Motano AMREF Sacco has adopted virtual board, staff and member education meetings to meet the Ministry of Health’s social distancing guidelines on Covid-19. The Sacco also introduced an…
Slum-based Sacco only targets informal settlements for expansion
By Malachi Motano Shining Hope for Communities –SHOFCO is a Savings and Credit Cooperative Organisations (Sacco) in Nairobi city informal settlements of Kibera and Mathare. Since its establishment five years…
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…