Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
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 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 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…
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 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 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…
Eight women leaders who were selected to participate in the 2024 Women’s Mentorship Programme (WMP) organised by the Co-operative Development Foundation of Canada (CDF Canada) will depart the country on June 20 for the mentorship programme. The Women leaders of Credit Union will benefit from international professional development and mentorship opportunities. The program will run…
Cooperatives leaders have launched activities in preparation for the upcoming International Day of Cooperatives (Ushirika) Day to be marked on July 6, 2024. The theme for this year’s Ushirika Day is “Cooperatives build a better future for all,” it will be held in Nairobi County at the KICC grounds. State Department of Cooperatives Permanent Secretary…
The CEOs of major Kenyan banks, including Equity, KCB Group, NCBA, Diamond Trust Bank (DTB), Standard Chartered Kenya (StanChart), and Absa, received a monthly pay exceeding KSh65 million last year. In the previously mentioned list of the top six banks, KCB Group’s Chief Executive, Paul Russo, was among the highest earners, receiving a monthly gross salary of KSh14.8…
Ministry of Cooperatives and MSME Development has disbursed KSh52,212,976 Coffee Cherry Advance Revolving Fund (CCARF) to 3328 coffee farmers across 15 counties Cooperatives Cabinet Secretary Simon Chelugui indicated in statement on Tuesday that the funds were released between May 6, 2024 and May 13, 2024 through New Kenya Planters Cooperative Union (KPCU). A total of…
