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

50 new cooperative societies registered in Taita Taveta

Sacco ReviewApril 29, 2024April 29, 202402 mins

Some 50 new cooperative societies have been registered in Taita Taveta County, Sacco Review has established. Speaking to Sacco Review in Voi town recently, County Cooperative Commissioner Erastus Gonzi said that the 50 new cooperatives were registered between September last year and early April this year. He further stated that 10 dormant cooperative societies in…

Troubled Metropolitan Sacco AGM ends unceremoniously in Kiambu

Sacco ReviewApril 26, 2024April 27, 202406 mins

Metropolitan Sacco 46th Annual General Meeting (AGM) that was taking place today at Kiambu High School ended unceremoniously as members demanded for financial reports. According to reports, the management of the Sacco said they did not have financial reports because SASRA had not approved them yet. The reports further indicate that members of the Sacco…

Join Saccos to get loans, Embu jua kali artisans advised

Sacco ReviewApril 26, 2024April 26, 202407 mins

Hesitance and lack of interest by young Jua Kali artisans in welding and metal work related sector in Embu County to join or form Saccos has been blamed for the continued low access to finances to expand their businesses. Such finances including loans and government funds which are readily availed to self-help groups and Saccos…

Fireworks expected as troubled Metropolitan Sacco holds AGM in Kiambu today

Sacco ReviewApril 26, 202406 mins

Metropolitan Sacco will hold its 46th Annual General Meeting (AGM) today at Kiambu High School. In a notice to members signed by its honorary secretary of the Sacco David Waweru Mwangi, the members will gather to adopt the annual reports and financial statements for the past two years and confirmation of the management and Supervisory…

Why there is mismatch between proposed intergovernmental cooperative forum and defunct district committees

Sacco ReviewApril 26, 2024April 26, 202407 mins

One of the reform measures introduced by the Ministry of Cooperatives upon operationalisation of the Cooperative Societies Act, No 12 of 1997 was the creation of DCDCs vide a Commissioner’s Circular letter. This came in the wake of diminished donor funding to the sector due to what was infamously referred to as “donor fatigue”. The…

Kenya to host annual magical travel expo in October

Sacco ReviewApril 26, 202403 mins

Kenya Tourism Board (KTB) targets to host about 3,000 at the 13th edition of the Magical Kenya Travel Expo (MKTE). The regional tourism fair is scheduled for October 2-4 at the Uhuru Gardens National Monument and Museum in Nairobi. The participants included tour operators, hoteliers, travel agents and travel trade visitors. In 2023, about 2,500 participants took…

Government keen on clearing arrears owed to coffee, dairy farmers

Sacco ReviewApril 24, 202406 mins

State Department of Cooperatives Permanent Secretary Patrick Kilemi has assured farmers that the Government has put in place measures to pay them and relieve them from mounting debts and market uncertainties. The PS who appeared before the National Assembly Committee on Trade, Industry and Cooperatives chaired by Aldai Member of Parliament Maryanne Keitany assured the…

Public Investments Committee seeks answers on SASRA audit queries

Sacco ReviewApril 23, 2024April 23, 202402 mins

The National Assembly Public Investments Committee on Commercial Affairs and Energy met last week to examine the audited accounts of the Sacco Societies Regulatory Authority (SASRA) for Financial Years 2013/2014 to 2020/2021. The Committee led by Member of Parliament for Navakholo Constituency and Majority Party Whip at the Kenya National Assembly Emmanuel Wangwe cross-examined SASRA…

Over 13 million Kenyans affected as Opera stops free data offers on regulatory changes

Sacco ReviewApril 22, 202404 mins

Opera has stopped its free data plan which allowed Kenyans to enjoy free data bundles to access the Opera, which runs the Opera Mini Browser, as a result of local authorities’ decision, including the Betting Control and Licensing Board, to halt advertising on Speed Dials (bookmarks on the start page) within browsers. According to Google,…

Government plans to merge CMA, IRA and SASRA

Sacco ReviewApril 22, 202403 mins

The Government intends to merge three major financial regulatory bodies in the country to enhance service delivery, avoiding duplication of roles and reduce bureaucracy. According to reports, Prime Cabinet Secretary Musalia Mudavadi said recently that the three regulatory bodies are Saccos Societies Regulatory Authority (SASRA), Capital Markets Authority (CMA), and the Insurance Regulatory Authority (IRA)….