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

Apstar Sacco unveils new branch in Meru

Sacco ReviewApril 26, 2024April 26, 202404 mins

Apstar Sacco, formerly Ukulima Sacco recently opened its ninth branch in Meru County at Greenwood City Mall. The eight other branches are in Nakuru, Kisii, Kisumu, Eldoret, Nairobi, Embu and Kakamega counties. Meru Governor Kawira Mwangaza, who graced the opening ceremony lauded the Sacco for expanding its presence across the country. “We are grateful that…

Railway Housing Co-op notifies buyers of plots in Embakasi to collect title deeds

Sacco ReviewApril 25, 2024April 25, 202403 mins

Railway Housing Co-Operative Society Ltd (RAHOSO) has requested the buyers of the land in Utawala area, Embakasi to visit the society’s offices to obtain title deeds. The property, Land Reference Number 7340/70 has been sub-divided into 73 plots. The plots have been further sub-divided and sold to different buyers. Through a notice in a local…

Ukambani’s three governors unveil road map to improve youths livelihoods

Sacco ReviewApril 25, 2024April 25, 202405 mins

Three Ukambani governors under South Eastern Kenya Economic Block (SEKEB) have promised to continue being united and engage the National Government on matters to do with the livelihoods of the residents. In a meeting at Makueni governor’s office, Kitui Governor Julius Malombe, Governor Wavinya Ndeti (Machakos) and Makueni Governor Mutula Kilonzo noted that they are…

The silent killer of Kenyan Saccos

Sacco ReviewApril 25, 2024April 25, 202407 mins

In the fast-paced arena of financial management, Kenya Saccos serve as beacons of resilience and innovation, navigating turbulent cash flow through strategic foresight and careful planning. As a cornerstone of financial inclusion and community empowerment, Saccos play a critical role in Kenya’s economic fabric and serve as an important conduit for savings mobilisation and credit…

Avocado farmers urged to form Saccos to curb exploitation, boost earnings

Sacco ReviewApril 25, 2024April 25, 202404 mins

Avocado farmers in Kisii County have been asked form Saccos to help them market and sell their produce. Governor Simba Arati noted the societies will weed out middlemen who have been exploiting farmers. He spoke at Kisii Agricultural Training Centre (ATC) during the flagging off 200, 000 Hass avocado seedlings to farmers across the county….

Muguka farmers in Embu told to join Saccos to boost income

Sacco ReviewApril 23, 2024April 23, 202405 mins

Muguka farmers in Embu County have been challenged to join existing Saccos to reap better incomes and enhance expanded marketing of the produce locally and regionally. Consolidation of the millions of shillings earned from Muguka sector daily under cooperatives would ensure that incomes from the business are not wasted but used to improve farming and…

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…

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)….

How Saccos can increase their membership size

Sacco ReviewApril 22, 2024April 22, 202404 mins

There are various Saccos in the country and best strategies are needed to make a Sacco increase its membership size. Below are some of the marketing strategies. 1). Have a good website Since the internet is everywhere, website is very vital new and prospective members have access easily. Good website will boost membership. 2). Offer…

Co-op professional body releases this year’s training plan for sector players

Sacco ReviewApril 22, 2024April 22, 202407 mins

The Kenya Society of Professional Co-operators (KSPC) has officially released its training plan for this year targeting key players in the sector. The training, spread out throughout the year started February, will basically target Chief Executive Officers (CEOs) and their deputies (D/CEOs), Heads of Departments (HoDs), Boards and Supervisory Committees, and staff working in the…