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

One-year-old Sacco becomes youngest to hold AGM this year

Sacco ReviewFebruary 27, 2024February 28, 202409 mins

The Market Day Traders Savings and Cooperative Society has become the youngest to hold an Annual General Meeting (AGM) this year. The fast growing Sacco which is barely one-year-old has surprised players in the cooperative industry due to its fast paced growth in the fast changing trends within the sub sector. According to the Chairman…

Join Saccos to secure affordable loans, NGO tells Taita Taveta residents

Sacco ReviewFebruary 26, 2024February 29, 202407 mins

Five Talents Kenya (FTK) Board Chairman Rt. Rev. Dr. Joseph Muchai has asked the residents of Taita Taveta County to consider joining Cooperative Societies which he said will go a long way in uplifting their lives through affordable loans. “While in Sacco, it’s very easy for you to get a loan unlike when you need…

Murang’a Assembly advised to make laws that will empower Cooperatives

Sacco ReviewFebruary 26, 2024February 26, 202403 mins

The co-operative sector is one of the key economic drivers which contribute hugely to social and economic development in Murang’a County. In this consideration, the Murang’a County Assembly has been challenged to craft legal frameworks which would enable this crucial sector to upscale performance. According to the chairman of Amica Sacco Society, Hezron Muchiri, county…

Hazina Sacco members told to focus on affordable loans

Sacco ReviewFebruary 26, 2024February 26, 202402 mins

Commissioner for Co-operative Development David Obonyo has challenged Savings and Credit Cooperative Organizations (Saccos) members to focus on getting affordable loans from their Saccos rather than high dividends. Speaking during the recently concluded Hazina DT Sacco Annual Delegates Meetings (ADMs) in Nairobi, he asked members to have long term investments through the Saccos, since co-operative…

Kilemi urges KETSA to ensure strict compliance with sector regulations

Sacco ReviewDecember 5, 2023December 5, 202302 mins

Teacher-based cooperative societies affiliated with Kenya Teachers Sacco Association (KETSA) have been urged to ensure strict compliance with the law and other regulatory frameworks governing the sector. Principal Secretary for Cooperatives Patrick Kilemi emphasized on the importance of adhering to the regulations set by the Sacco Societies Regulatory Authority to ensure continued growth and success….

Safaricom Sacco CEO named winner of Champions of Governance Awards

Sacco ReviewDecember 5, 2023December 5, 202303 mins

Joseph Njoroge, the CEO of Safaricom Sacco, has been named the winner of this year’s Champions of Governance (CoG) Award by the Institute of Certified Secretaries (ICS) in a ceremony held at Mercure Hotel in Upperhill, Nairobi. The CoG Awards aim to recognize and promote research work related to good governance practices. Njoroge, who joined…

Nelly Melita: How my love for githeri nearly cost me Ufanisi Sacco job

Sacco ReviewOctober 6, 2023October 6, 2023013 mins

Nelly Kamau Melita, Honorary Secretary of Ufanisi DT Sacco, shares her life experience and journey to get to the top. It is an hilarious journey that began in 2009, riding on one particular incident that looked like her fortunes were lost forever. She remembers this with clarity, frivolous as it might be but it took…

Respected don asks co-operatives to accept mergers for fast growth

Sacco ReviewSeptember 30, 2023October 2, 202307 mins

Deputy Vice Chancellor Finance Planning and Administration at the Co-operative University of Kenya (CUK) and career cooperator Prof Esther Gicheru has called for mergers in the co-operative sector if better governance and management have to be achieved. In her presentation titled ‘The Contribution of the Cooperative Business Model in Development: Practices and Opportunities’ to the…

Ollin Sacco National Chairman laid to rest

Sacco ReviewSeptember 18, 2023September 18, 202303 mins

Teachers, friends and relatives turned up in large numbers to pay their last respect to Ollin Sacco National chairman of Geoffrey Njeru. Held at the Kianyaga stadium, the burial ceremony was also attended by pupils from Rwambiti Primary School where he was the patron and a former head teacher. He leaves behind a widow and…

Mwito DT Sacco founding member passes on

Sacco ReviewAugust 24, 2023August 24, 202302 mins

Mwito Deposit Taking Sacco Society Limited is grieving the loss of its founding member Peter Kariuki Ng’ang’a, which occurred on August 19, 2023. The burial will be held on Friday, August 25, 2023 at 9.00 am at his home in Kariua Village, Kandara Sub-County, Murang’a County. The deceased has seen the Society grow from a…