News

  • Home
  • Saccos jolted as bank loans interest falls to 15-year low

Saccos jolted as bank loans interest falls to 15-year low

By Staff Reporter Savings and Credit Co-operative societies (Saccos) will face pressure to offer attractive interest rates on loans in the wake of prices of commercial loans falling to levels…

KUPPET in bid to bolster membership

KUPPET in bid to bolster membership By Azael Masese Kenya Union of Post Primary Education Teachers (KUPPET) will embark on an aggressive recruitment drive to make it the single largest…

State to undertake survey of Co-op sector

By Jackson Okoth State Department for Co-operatives is seeking for consultants to undertake a nationwide survey of the co-operative sector. It is believed that Kenya’s gigantic cooperative sector has over…

Kenya co-op sector leads in Africa

By Joyce Wambui African credit unions had the largest increase in membership in 2018 with a 21 per cent jump from 2017 according to World Council of Credit Unions last…

Uhuru orders anti-fraud police unit for Saccos

By Staff Reporter President Uhuru Kenyatta has directed the Ministry of Industry, Trade and Co-operatives to immediately operationalize the proposed Sacco Societies Fraud Investigation Unit within the Sacco Societies Regulatory…

State told to expedite formulation of national co-op policy

By Collins Akong’o The Cooperatives Alliance of Kenya Chief Executive Officer Daniel Marube has called on the government to speed up ratification of the national policy on cooperative development. Speaking…

Co-operative tribunal in rush to clear backlog

By Jackson Okoth The Co-operative Tribunal has released to the public, a calendar of its sittings outside Nairobi, as the quasi-judicial body rushes to clear matters that have been pending…

Sacco members dwindle as multinationals lay off staff

By Benedicto Ng’etich Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to giant multinationals to device other means of survival in the face of dwindling membership. Otii…

Kitui federation empowers women

By Boniface Mulu Kitui Tisuka Women Federation has extended its reach and currently is serving a total of 228 self-help groups with a total of 2,573 members. The federation’s chairlady,…

High loan default rates hit Saccos

Defaulters to lose property in stringent loan recovery measures By Jackson Okoth Deposit-Taking Saccos have warned members of stringent loan recovery measures that include use of debt collectors and Credit…