Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
President Ruto led the groundbreaking ceremony of affordable homes named LV Point within LV Marina a first of its kind, privately governed, master planned waterfront development. The massive project in Kisumu is set to become a cornerstone of inclusive growth, sustainable urbanization, and national pride in a defining moment of support for Kenya’s urban and…
Donkey population has reduced considerably and the situation is expected to worsen if nothing is done to protect the endangered animals, this is according to Africa Network for Animal Welfare (ANAW). The drop in number of donkeys is due to illegal slaughtering of the animals, the demand for their skins is still high and also…
Kenya Union of Savings & Credit Cooperatives (KUSCCO) has proposed amendments to Section 19A of the Income Tax Act to create a more equitable and neutral tax framework for all cooperative societies in Kenya, regardless of their form The current Income Tax Act (ITA) in Kenya presents a differential treatment between cooperative societies that is…
Metropolitan National Sacco members have welcomed the high court ruling that stated that commissioner of cooperatives has the power to investigate any Sacco where misappropriation, theft mismanagement and breach of trust by management occur. Judge Rosyln Abuli indicated that the commissioner of cooperative is permitted by law to carry out the investigation. The ruling means…
The Central Bank of Kenya (CBK) plans to put in an estimated Ksh 180 million into a Deposit Guarantee Fund (DPF), designed to provide a financial safety net for individuals and corporate entities that hold huge deposits in Deposit-Taking Savings and Credit Cooperative Societies (SACCOs). This yet-to-be-established fund is part of the latest reforms in…
In the midst of a growing leadership struggle within the Kenya Union of Savings and Credit Cooperatives (KUSCCO), former directors who were recently ousted from office are protesting the decision and the official removal order. The former directors who are now directors and executives in various SACCOs were removed from the KUSCCO office after the…
Following an increase in hacking in the country, attributed to massive tech job layoffs, which have in recent years plagued many enterprises, organizations have been urged to convert the negative energy of hackers into positive energy by creating opportunities for them. As a result of increased cyberattacks (hacking) and ransomware, many institutions have been grappling…
Cooperators from eight countries in Africa and beyond have benefitted from the impactful Financial Coaching Certification Class of May 2025 organized by The African Confederation of Co-operative Savings and Credit Association (ACCOSCA). The ACCOSCA Academy Center of Excellence addressed psychological aspects of financial management, helping members understand and change their financial behaviors as a key…
State Department for Micro, Small, and Medium Enterprises (MSMEs) Principal Secretary Susan Mang’eni, has defended the department’s move to seek additional funding of Ksh5 billion for the Hustler Fund. The PS while speaking during the 42nd Annual Institute of Certified Public Accountants of Kenya (ICPAK) Seminar in Mombasa, Mang’eni underscored the fund’s importance in providing…
The Kenya Union of Sugar Kenya Plantation and Allied Workers (KUSPAW) has confirmed receipt of Ksh 600 million as part of the arears owed to its members by the government. KIUSPAW secretary Francis Wangara said that it is the first phase of the Ksh. 5.3 billion owed to workers leaving Ksh. 4.7 billion in arears….
