Anchor Premier Sacco new management roll out plans to recover Urithi properties

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…

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We will take action against employers holding Sh 2bn Sacco cash, says Chelugui

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…

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ACCOSCA launches academy to train, improve capacity of Sacco staff

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…

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start ups

Co-op stakeholders urged to tap start-ups to spur growth

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…

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sacco

Kenyans to access hustlers fund through SMS short code

By Obegi Malack obegimalack@gmail.com The government’s Financial Inclusion Fund commonly known as Hustlers Fund program which is set to be launched at the end of this month will not require any official registration. Co-operative and Micro, Small, and Medium Enterprises (MSMEs) Cabinet Secretary Simon Chelugui has clarified that Kenyans seeking to access the funding will…

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Cabinet Approves Hustlers’ Fund, Kenyans to Receive up to Ksh 50K

By Obegi Malack obegimalack@gmail.com The government has approved the legal and institutional framework to anchor the establishment and implementation of the financial inclusion fund (Hustlers Fund) which was in President William Ruto’s pre-election manifesto. The first phase roll out of the fund is expected to be launched on November 30, this year. Kenyans will be…

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sacco

CS Nominee Simon Chelugui to reform co-operative sector

By Azael Masese Cooperatives and SME Cabinet Secretary Nominee Simon Chelugui has promised to streamline the cooperative sector to significantly contribute to improving living standards of Kenyans. While appearing before the National Assembly’s Committee on Appointments recently, Chelugui identified amending the Cooperative Societies Act, strengthening Sacco Societies Regulatory Authority (Sasra) as top in his agenda….

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What will happen at Co-operative Court if proposed bill will be enacted to law?

By Roy Hezron Disputes in co-operative sector will now be handled by the Co-operative Court which will stand on its own aside from the existing Co-operative Tribunal, if the draft bill will be enacted into law. The Draft Co-operative Bill, 2021 which if enacted into law will repeal the long-term Co-operative Societies Act which was…

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