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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…

Saccos should trend cautiously when rebranding

I have keenly been following events in the Co-operative Movement for the last one decade and there is one question that has been bothering me; has rebranding of Saccos really…

Anti-Fraud police unit, a pIus for Saccos

A recent presidential directive that an anti-fraud police unit be set up within Sacco Societies Regulatory Authority (SASRA) can best be described as a stich in time for a sector…

Kajiado County must embrace cooperatives to grow wealth

By Fred Sitati Serious concern and apparent sense of hopelessness has been expressed by the Kajiado County leaders over the perennial drought that has continued to threaten the livelihoods of…

Why DT-Saccos offer great promise in banking sector

By Renson Ireri With the continuous growth of Deposit-Taking Saccos in Kenya, and the positive reception given to the Sacco societies concept by Kenyans of different status, regions, age and…

Saccos’ low interest rates on loan attracts members