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CEOs of Fraudulent Co-operatives will be charged

By Roy Hezron Cooperative society managers will soon be required to be fully registered and certified members of Kenya Society of Professional Co-operators (KSPC). Those targeted include Chief Executive Officers…

Report: Cooperatives not tech savvy

By Roy Hezron A co-operative society baseline survey conducted last year found that many of them have no websites, email addresses and other digital tools. It was observed that many…

Employ stiffer penalties on deductions non-remittance -Kuscco

By Malachi Motano Sacco leaders call for introduction of stiffer penalties against public entity heads who do not remit Sh3.8 billion deducted from workers’ salaries. According to Kenya Union of…

DT-Saccos grew by 12 per cent despite the Covid -19 menace

By Malachi Motano The deposit taking savings and credit cooperatives societies (DT-Saccos) remained on the growth track despite the harsh economic time in 2020 that resulted from the outbreak of…

Saccos urged to diversify incomes in 2021

By Malachi Motano Savings and credit cooperatives societies (Sacco) will have to focus more on diversification to create wealth for their members in 2021. According to the Industry players, the…

Sacco rebrands to reflect the changing environment landscape

My Malachi Motano Kenya Police savings and credit cooperative (Sacco) society limited has re-branded to Kenya National Police Deposit Taking (DT) Sacco society limited to reflect the changing environment landscape.

Government owes Saccos Kshs. 3.8B-Kuscco

By Malachi Motano Saccos in the country are owed nearly 4 billion shillings in non-remittance of deductions from members. According to the Kenya union of cooperatives (Kuscco) managing director George…

CS Munya says it’s time to streamline the coffee sector

By Malachi Motano The Cabinet secretary (CS) for Agriculture Peter Munya says it is high time the coffee sector is streamlined to allow farmers benefit from their commodity. “We have…

Sh2.75bn boost for housing projects

By Roy Hezron Stima and Tower Saccos are among the first four Primary Mortgage Lenders (PMLs) to benefit from the Sh2.75 billion Kenya Mortgage Refinancing Company (KMRC) kitty. The disbursement…

Sasra raises bar to secure Sacco funds

By Sammy Chivanga Non Deposit Taking (NDT) Saccos holding at least Sh100 million non-withdrawable deposits are facing a race against time to comply with the new regulations. The new rules…