Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The fall of the hammer is dreadful. An encounter with an auctioneer is the most frightening experience for an investor, not just because of the humiliation, but the thought of losing property to an indifferent executor of orders is traumatising. However, Sacco leaders have maintained that despite auctioneers having a place in Saccos, they should…
The National Treasury has now revealed that savings made from every 5 per cent deduction on Hustler Fund loan will be wired to the Kenya National Entrepreneurs Savings Trust (KNEST), which was created to oversee the running of the savings scheme that targets over 16 million marginalized informal sector workers. It comes after the creation…
Cabinet Secretary for Co-operatives and Micro, Small and Medium Enterprises (MSMEs) Development Simon Chelugui has appointed five new members to the Co-operative Tribunal to meet the quorum and help to deal with the backlog of cases before the tribunal. In a Gazette Notice No. 2885 dated February 23, 2023, the CS appointed the new members…
By Cally Imbayi Cabinet Secretary for Agriculture and Livestock Development Mithika Linturi has reiterated the government’s commitment to support agricultural training and promote the growth of agriculture in the country. Speaking during Bukura Agricultural College’s 26th graduation ceremony held, the CS said the government will continue to provide an enabling environment for agriculture to thrive and work closely with…
By Peter Otuoro Kenyans have been urged to tap into housing cooperative societies to enable them save and own houses in urban areas. Lands, Public Works, Housing and Urban Development Cabinet Secretary Zachariah Njeru said many Kenya are not aware of benefits gained after joining housing cooperatives. He said the ministry will work with his…
By Benedict Ng’etich Imarisha Sacco has launched new tailor-made products to help new members achieve their financial dreams. Sacco Chairman Mathew Ruto noted that the products include the take off loan which caters for newly employed people and does not require one to have deposits. The repayment period is 84 months and the applicant should…
By Kamau Njoroge Members of Anchor Premier Sacco, formerly Urithi Premier Sacco, can now heave a sigh of relief after the new management rolled out plans to recover their properties that are still held up by Urithi Housing Co-operative Society Limited. The Sacco, which has been associated to Urithi, rebranded three years ago by dropping…
By Peter Otuoro Cooperatives Cabinet Secretary (CS) Simon Chelugui has said that over Ksh2 billion has not been remitted by various state and private organizations to Saccos on behalf of their employees. Chelugui said the government will put strict measures to ensure all deductions on members’ salaries are remitted without delay, be they from public or…
By Azael Masese Management of Kenya’s cooperatives is set to get better with the establishment of the African Confederation of Cooperative and Credit Associations (ACCOSCA) Academy in Nairobi. The academy, the first of its kind in Africa, will offer hybrid training programmes with the aim of enhancing professionalism and competencies to run effective cooperatives in…
By Robert Nyagah Experts and other stakeholders in the cooperative movement have been challenged to offer professional guidance on prudent financial management to start-up groups to ensure such units mature to Saccos and Cooperatives. Former Commissioner of Cooperatives Mr. Geoffrey Njang’ombe argued that when well equipped with skills and funds management skills, the groups have…
