Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Mwalimu National Sacco has announced the issuance of advance rebates against expected interest rebates for the fiscal year 2023. Through a memo dated August 02,2023 and signed by Sacco CEO Kenneth Odhiambo, the exercise will kick off today and the advance will be available via MwalimuHELA platform App and USSD*633#. Members will have access of…
Saccos Societies Regulatory Authority (SASRA) has been asked to ensure interests of all Sacco members are protected and that adequate revenues are generated. Cabinet Secretary (CS) for Cooperatives and Micro, Small and Medium Enterprises Simon Chelugui asked SASRA CEO Peter Njuguna to also ensure that members comply with all the basics that govern Cooperative societies….
All Cooperatives will in future become federations and subscribe to an apex body, group managing director of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. Ototo revealed this while…
The government is pushing for a law that will regulate training, registration and licensing of animal production professionals and technicians in the country. The proposed Animal Production Professionals and Technicians Bill 2023 is set to offer an enabling environment for the development and regulation of the livestock industry, and to effectively address the modern challenges…
As part of our national calendar and heritage, Kenyans celebrate Mashujaa Day (previously observed as Kenyatta Day) on the 20th of October every year to reflect and honour the Founding Fathers of our Nation. On this historical day the leaders pay glowing tributes to these heroes and more so extol the virtues that defined our…
Savings and Credit Co-operative Society (Sacco) members have been urged to make good use of the loans they take from their respective Saccos for the intended purpose for their growth. According to Ufanisi Deposit Taking (DT) Sacco Society Chief Executive Officer (CEO) CPA Frederick Abuyabo, Sacco members should be trained about the loans’ intended purpose…
The one time vibrant Moi University Savings and Credit Cooperative Society (MUSCO) is now on its deathbed. The Sacco’s MUSCO Towers, a commercial building in Eldoret town, will forever bring back painful memories to the thousands of Sacco members who are not sure whether they will ever recover their hard earned cash they pumped into…
Sacco Society Regulatory Authority (SASRA), the regulatory body for Savings and Credit Co-operatives (Saccos), has issued revised guidelines to govern the renewal of operating licences for the country’s Deposit-Taking (DT) Saccos. This has seen new procedures being introduced and the existing ones improved to hold the 176 DT Saccos more accountable and ensure the protection…
In a fast changing and dynamic labour market, it is essential for employees to embrace effective communication for better understanding and as well increase productivity at workplace. Employees who often than not tend to do everything on their own, will basically get overburdened to the extent of eventually getting fatigued to the level of failing…
The operationalization of the Kenya Sacco Central Liquidity and Shared Services Cooperative Society Ltd (The Sacco Central) is set to change Kenya’s Sacco sub-sector’s landscape as it will help address liquidity challenges, especially for small Saccos. Under the outfit, Saccos are expected to pool resources under one platform and access a host of services at…
