Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Metropolitan Sacco will hold its 46th Annual General Meeting (AGM) today at Kiambu High School. In a notice to members signed by its honorary secretary of the Sacco David Waweru Mwangi, the members will gather to adopt the annual reports and financial statements for the past two years and confirmation of the management and Supervisory…
One of the reform measures introduced by the Ministry of Cooperatives upon operationalisation of the Cooperative Societies Act, No 12 of 1997 was the creation of DCDCs vide a Commissioner’s Circular letter. This came in the wake of diminished donor funding to the sector due to what was infamously referred to as “donor fatigue”. The…
Kenya Tourism Board (KTB) targets to host about 3,000 at the 13th edition of the Magical Kenya Travel Expo (MKTE). The regional tourism fair is scheduled for October 2-4 at the Uhuru Gardens National Monument and Museum in Nairobi. The participants included tour operators, hoteliers, travel agents and travel trade visitors. In 2023, about 2,500 participants took…
State Department of Cooperatives Permanent Secretary Patrick Kilemi has assured farmers that the Government has put in place measures to pay them and relieve them from mounting debts and market uncertainties. The PS who appeared before the National Assembly Committee on Trade, Industry and Cooperatives chaired by Aldai Member of Parliament Maryanne Keitany assured the…
The National Assembly Public Investments Committee on Commercial Affairs and Energy met last week to examine the audited accounts of the Sacco Societies Regulatory Authority (SASRA) for Financial Years 2013/2014 to 2020/2021. The Committee led by Member of Parliament for Navakholo Constituency and Majority Party Whip at the Kenya National Assembly Emmanuel Wangwe cross-examined SASRA…
Opera has stopped its free data plan which allowed Kenyans to enjoy free data bundles to access the Opera, which runs the Opera Mini Browser, as a result of local authorities’ decision, including the Betting Control and Licensing Board, to halt advertising on Speed Dials (bookmarks on the start page) within browsers. According to Google,…
The Government intends to merge three major financial regulatory bodies in the country to enhance service delivery, avoiding duplication of roles and reduce bureaucracy. According to reports, Prime Cabinet Secretary Musalia Mudavadi said recently that the three regulatory bodies are Saccos Societies Regulatory Authority (SASRA), Capital Markets Authority (CMA), and the Insurance Regulatory Authority (IRA)….
There are various Saccos in the country and best strategies are needed to make a Sacco increase its membership size. Below are some of the marketing strategies. 1). Have a good website Since the internet is everywhere, website is very vital new and prospective members have access easily. Good website will boost membership. 2). Offer…
DTB Bank has opened new seven branches across the country. These include Gikomba, Eastleigh (BBS Mall), Karen Hardy, Ongata Rongai, Kapsabet, Kenol in Murang’a and Bondeni in Mombasa. The DTB Group Chief Executive Nasim Devji said the unveiling of these new branches is a testament to unwavering commitment of the lender to bring services closer…
Bamburi Cement Plc recorded a net loss of KSh399 million for the year ended December 31, 2023 compared to a net loss of KSh181 million it posted in 2022. However it raised its dividend payout to shareholders 7.3 times translating to KSh1.99 billion as a result of increased financial muscle. Bamburi CEO Mohit Kapoor said…
