By Fred Sitati The treatment of member’s shares in Saccos has remained both contentious and emotive because of limited understanding of how members’ shares should be treated upon cessation of…
By Fred Sitati Annual general meetings remain the single most important occasions in the calendar for all cooperatives. They afford the ordinary members the opportunity to exercise their democratic rights…
By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new…
By Fred Sitati Cooperatives, by their very definition, are formed to serve the socio-economic and cultural needs of their members. However, the majority of cooperatives in Africa are agro-based and…
By Fred Sitati The endemic cases of mismanagement in the cooperative movement have reached alarming proportions in the country according to the report released by the Ethics and Anti-corruption Commission…
By Geoffrey Njang’ombe The Co-operative Movement in Kenya has mobilized savings to the tune of Sh776 billion and commands an asset base of Sh1 Trillion. It has granted members loans…
Ali Noor Ismail The Co-operative movement in Kenya is rated first in Africa with over 22,000 registered co-operative societies commanding a membership of over 14 Million and employing more than…
By Jackson Okoth It is quite disheartening that after sacrificing all their life savings and pumping their hard earned cash into Moi University Sacco Society, culprits, swindlers and thieves who…
By Josphat Irura IFRS 9 – Financial Instruments became effective on January 1, 2018 and immediately replaced IAS 39, Financial Instruments – Recognition and Measurement. It was meant to respond…
As the era of fake news continues to unfold, Saccos have found themselves in precarious positions. In various social media platforms, some members have perfected the art of posting false…
Not all Sacco contributions are shares
By Fred Sitati The treatment of member’s shares in Saccos has remained both contentious and emotive because of limited understanding of how members’ shares should be treated upon cessation of…
Amend by-laws to hold virtual AGMs
By Fred Sitati Annual general meetings remain the single most important occasions in the calendar for all cooperatives. They afford the ordinary members the opportunity to exercise their democratic rights…
Sacco Loan Book Grows Fastest in Four Years on Covid-19 Hardships
By Sammy Chivanga Savings and Credit Cooperative Organizations (Saccos) members tapped Sh54.19 billion additional loans last year on the back of coronavirus disruptions that hurt incomes for households. The new…
Establish cooperatives in social services sector-Expert
By Fred Sitati Cooperatives, by their very definition, are formed to serve the socio-economic and cultural needs of their members. However, the majority of cooperatives in Africa are agro-based and…
Govt must Strengthen anti-graft fight in cooperative sector
By Fred Sitati The endemic cases of mismanagement in the cooperative movement have reached alarming proportions in the country according to the report released by the Ethics and Anti-corruption Commission…
Why Kenya’s Co-operative Movement is on upward trajectory
By Geoffrey Njang’ombe The Co-operative Movement in Kenya has mobilized savings to the tune of Sh776 billion and commands an asset base of Sh1 Trillion. It has granted members loans…
Why Kenya’s co-operative movement is major player in country’s economy
Ali Noor Ismail The Co-operative movement in Kenya is rated first in Africa with over 22,000 registered co-operative societies commanding a membership of over 14 Million and employing more than…
Crooks and swindlers in Saccos must be punished
By Jackson Okoth It is quite disheartening that after sacrificing all their life savings and pumping their hard earned cash into Moi University Sacco Society, culprits, swindlers and thieves who…
How IFRS 9 has affected Saccos
By Josphat Irura IFRS 9 – Financial Instruments became effective on January 1, 2018 and immediately replaced IAS 39, Financial Instruments – Recognition and Measurement. It was meant to respond…
Fake news affects growth of Saccos
As the era of fake news continues to unfold, Saccos have found themselves in precarious positions. In various social media platforms, some members have perfected the art of posting false…