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

Govt asked to urgently initiate data privacy policies to protect Kenyans’ rights

Sacco ReviewJanuary 27, 2024January 27, 202404 mins

Cabinet Secretary (CS) for Information, Communications and the Digital Economy, Eliud Owalo, has said there is an urgent need for the country to foster a culture of data privacy as we navigate the intricate web of data-driven advancement. Owalo said that prioritizing data privacy allows organizations to secure the confidentiality, integrity and availability of personal…

Resurgence of digital lenders giving traditional Saccos a headstart

Sacco ReviewJanuary 24, 2024January 24, 202407 mins

The resurgence of digital lenders is giving Saccos a headstart as it poses a significant challenge to attract and retain the younger generations; Millennials and Generation Z. It is particularly made more difficult by their overall predisposition since many of them still operate in a traditional manual style at their physical branches. A 2022 SASRA…

Change of guard as KUSCCO gets new Chairman, Managing Director

Sacco ReviewJanuary 16, 2024January 16, 202404 mins

The Kenya Union of Savings and Credit Co-operatives (KUSCCO) has made changes to its top leadership after the departure of National Chairman George Magutu and the Group Managing Director George Ototo. In a circular addressed to all Savings and Credit Co-operatives (SACCOs) dated January 15, 2024; David Langat from Imarisha Sacco in Rift Valley region…

Kenya’s coffee products record exciting prices at NCE

Sacco ReviewDecember 20, 2023December 20, 202303 mins

The Cabinet Secretary, Ministry of Co-operatives and MSMEs Development, Simon Chelugui, has announced that Kenyan coffee products have recorded exciting prices on the Nairobi Coffee Exchange (NCE). “Today, we have received exciting news from the NCE, where Kenyan coffee products have attracted big interest across the globe, with some 32 companies now participating in the…

Claims will soon be settled within 24 hours, NSSF says

Sacco ReviewDecember 11, 2023December 13, 202302 mins

The National Social Security Fund (NSSF) is working on modalities to ensure that members’ claims are paid within 24 hours, but they will first put measures to settle claims within 14 days. Speaking in Kisumu during a consultative meeting with members of the Central Organization of Trade Unions (COTU), NSSF Managing Trustee David Koros disclosed…

Kenya National Police DT Sacco wins the FiRe Awards Sacco category award

Sacco ReviewDecember 11, 2023December 11, 202303 mins

The Kenya National Police DT Sacco has been awarded as the winner in this year’s FiRe Awards – Sacco category. The award comes months after the Sacco was recognized as the top-performing Sacco nationwide in the Management and Capitalization category during the Ushirika Day celebrations held on July 1 at the KICC. In a statement…

Kenyans in informal sector to pay Housing levy if amended Bill is passed

Sacco ReviewDecember 8, 2023December 8, 202303 mins

The controversial Affordable Housing Bill, 2023 has been amended to solicit the 1.5% Housing Levy contributions from individuals in the informal sector. This is after a three-judge bench declared the levy unconstitutional last week due to its discriminatory nature and unequal principles as it only targeted salaried Kenyans and expanded the tax to include incomes…

Controller of Budget arrested for operating unregistered Sacco

Sacco ReviewDecember 5, 2023December 5, 202303 mins

Controller of Budget (CoB) Margaret Nyakang’o has been arrested in Mombasa by DCI officers and presented to court to face the charge of operating a Sacco without a license. The arrest came after the Office of the Director of Public Prosecutions approved the charges in a letter to the DCI on November 30,2023. Nyakong’o’s charges…

Kilemi urges KETSA to ensure strict compliance with sector regulations

Sacco ReviewDecember 5, 2023December 5, 202302 mins

Teacher-based cooperative societies affiliated with Kenya Teachers Sacco Association (KETSA) have been urged to ensure strict compliance with the law and other regulatory frameworks governing the sector. Principal Secretary for Cooperatives Patrick Kilemi emphasized on the importance of adhering to the regulations set by the Sacco Societies Regulatory Authority to ensure continued growth and success….

Nakuru pastors form Sacco to improve livelihoods

Sacco ReviewDecember 5, 2023December 5, 202303 mins

Pastors in Nakuru have come together to establish Mitume Sacco to help them save money and access affordable credit facilities, ultimately improving their livelihoods. Pastor Alex Maina, the Sacco chairman and the chair of Nakuru Pastors Fellowship, encouraged pastors and clergy members to join the Sacco to enhance their economic status. “We understand the difficulties…