National News - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Stima Sacco honoured with two prestigious awards at Cooperative Insurance Society AGM

Sacco ReviewMay 22, 2024May 22, 202403 mins

Stima DT Sacco has been awarded the Winner in the Highest Shareholding Category Parastatal and the first Runners Up as the Best Insured Cooperative Society – Nairobi Region, at the Cooperative Insurance Society (CIS) Annual General Meeting 2024 held recently. The trophies were received by Sacco’s National Treasurer, CPA Mary Maalu. The event was held…

KUSCCO announces job vacancy, lists qualifications

Sacco ReviewMay 22, 202405 mins

Kenya Union of Savings & Credit Cooperatives (KUSCCO) Limited announced that one of its clients; a fast growing Sacco which has its head office in Embu Town is looking to hire a new Chief Executive Officer (CEO). It is searching for a qualified, highly motivated, visionary, result oriented individual to fill the position. The CEO…

Forward Travellers Sacco advertises job vacancy for Accountant, Internal Auditor

Sacco ReviewMay 22, 202403 mins

Forward Travellers Sacco, which operates in Eastlands, Nairobi is inviting applications for the positions of Internal Auditor and Accountant. The Sacco wishes to strengthen the human resource capacity. It seeks qualified, competent and experienced candidate with excellent credentials. Some of the required qualifications for an accountant include a Bachelor’s degree in accounting or Finance or…

Ruto to meet US President tomorrow at White House

Sacco ReviewMay 22, 2024May 22, 202404 mins

President William Ruto of Kenya meets his US counterpart Joe Biden in Washington tomorrow, with the crisis in Haiti and efforts to build trade ties likely to top the deliberations. Ruto’s visit, billed as historic one it is the first state visit by a Kenyan president to the US in two decades and the first…

Deputy Chief Justice advises Sacco members to shun taking huge loans

Sacco ReviewMay 21, 202402 mins

Sheria Sacco chairperson Deputy Chief Justice (DCJ) Philomena Mwilu has asked Sacco members to shun taking huge loans which outstretched their budgets and took decades to settle them. “Avoid long term and high interest loans. It is not too late to save for your retirement” Mwilu noted. The DCJ, accompanied by Chief Registrar, Winfridah Boyani…

Stima Sacco announces job vacancy for Insurance Manager

Sacco ReviewMay 21, 202405 mins

Stima DT Sacco Society Limited is seeking to hire a new Insurance Manager. It seeks a qualified professional with strategic orientation and strong sense of professionalism. Once hired, the Insurance Manager will have a vital role to play in spearheading change and enhancing member experience through innovative solutions. The successful candidate will manage Mpawa Insurance…

Fortune Sacco promoted to National Super League

Sacco ReviewMay 20, 2024May 20, 202402 mins

Fortune Sacco Football Club beat Michael Olunga Foundation, MOFA, 3-0 to earn a slot in next season’s National Super League (NSL). The play off took place on Saturday, May 18 at Dandora Stadium, Nairobi. The two teams scooped position two in their respective Division One zones. Fortune Sacco, based in Kirinyaga now joins APS Bomet…

Treasury set to slash Cooperatives Ministry budget by KSh959 million

Sacco ReviewMay 20, 2024May 20, 202404 mins

The Principal Secretary for Cooperatives Patrick Kilemi has urged parliament to consider additional of funds to ministry for successful implementation of reforms. The PS had led a team from the State Department for Cooperatives to a meeting with the National Assembly Committee on Trade, Industry and Cooperatives chaired by Embakasi North MP James Gakuya recently….

Council of Governors to submit views on Cooperatives Bill 2024

Sacco ReviewMay 20, 202404 mins

Council of Governors has presented a technical working group to give input on the Cooperatives Bill 2024 which is currently in Parliament. The governors led by Bungoma Governor Kenneth Lusaka, who is also the chairman of the Agriculture, Livestock and Cooperatives in the COG held a consultative meeting on Thursday presided over by Cabinet Secretary,…

Sheria Sacco members stopped from guaranteeing more than two loan applicants

Sacco ReviewMay 19, 2024May 19, 202402 mins

Sheria Sacco has stopped members from guaranteeing several members. Sacco chairperson, Deputy Chief Justice (DCJ) Philomena Mwilu has said it will curb loss of funds through defaulted loans. The official noted previously, a member could guarantee several members and the Sacco lost funds. “Last year, the Sacco lost KSh78 million, a member can only guarantee one…