Former Commissioner of Cooperatives Mr. Geoffrey Njang’ombe

Mbarire promises to help Embu bodaboda riders form Sacco

Thousands of boda boda operators in Embu County will be supported to launch a Sacco to enable them save and access loans and motor cycles, Governor Cecily Mbarire has announced. Governor Mbarire said once founded the Sacco would ensure that the boda boda operators are not subjected to exploitation by shylocks who charge unwarranted interests…

Read More
Kenyan Cabinet Secretary in charge of Co-operatives and MSMEs Development Hon. Simon Chelugui, EGH (left) receives the 2024 SACCA Mantle from his Botswana Counterpart Hon. Karabo Socraat Gare. This signified Kenya will host 2024 event.

Kenya to host African cooperatives congress

Savings and Credit Cooperative Annual (SACCA) Congress will hold in Kenya later this year. Plans to host the 2024 SACCA Congress in the country have started in earnest with the constitution of a high-level working group. The Congress will go along the same lines as the previous Continental Congresses that made important contributions towards the…

Read More
Ufundi Sacco Plaza. Photo: Courtesy

Ufundi Cooperative sacco announces sale of tower to clear debt

Ufundi Savings and Credit Co-operative Society Limited has announced the sale of it’s 14-storeyed building, Ufundi Co-op Plaza, at the junction of Moi Avenue and Moktar Daddah Street. In a local daily newspaper notice dated February 29, 2024, the Sacco has invited bidders for the iconic building Nairobi Central Business District that will be sold…

Read More
Kennedy Keya, Invest and Grow Sacco Chairman. Photo Courtesy

Invest and Grow Sacco’s annual profit surges to KSh1.91 billion

The Invest and Grow (IG) Sacco, based in Kakamega County on Wednesday February 28, 2024 reported a 2.5 per cent jump in 2023 net profit. The net profit of KSh1.91 billion for last year compares with a profit of KSh1.86 million a year earlier. The Sacco intends to enroll more members to channel their income…

Read More
Machakos Governor Wavinya Ndeti receives a gift from a talented girl, Irene Mwende at Liberty Grounds, Mlolongo on February 24, 2024. Photo: Stephen Muthini.

Wavinya donates KSh1 million to Mlolongo boda bodas, gifts talented girl

A Mlolongo-based boda boda Sacco has received KSh1 million from Machakos Governor Wavinya Ndeti to increase their investment. Samsa Boda Boda Sacco received the cheque at the Liberty Grounds in Mlolongo on February 24, 2024 during a public participation forum on the 2024/2025 Fiscal Strategy Plan. The jubilant riders welcomed Governor Wavinya and her entourage…

Read More
Garissa County Cooperative Director Samuel Karanja. Photo:File

Traders’ Sacco in Garissa pleads with county over planned demolition of stalls

Sukuma Gate Sacco members are pleading with the County Government of Garissa not to demolish their stalls where they have been earning their daily bread for long. The members, mostly comprising mama mbogas and petty traders decried the planned eviction from their stalls after Garissa Municipality, through the Enforcement Notice, Form P.P.A. 7, dated January…

Read More

Non-deposit-taking Saccos to start paying regulatory levy

The non-withdrawable depositing taking (NWDT) Savings and Credit Co-operatives (Saccos) shall now be required to pay annual regulatory fee to the country’s Sacco Regulator, the Sacco Society Regulatory Authority (SASRA) as they fully come under its purview. According to the November Legal Notice by Sasra the rate of the annual Sacco Societies Levy will be…

Read More

Sacco boss pleads with Kenyans to save in Saccos to avoid loan sharks

Ollin Sacco’s Chief Executive Officer (CEO) John Gathige has urged Kenyans to save in a Sacco in order to get better loans and avoid loan sharks who normally take advantage of their dire situation. Speaking during the Sacco’s 47th Annual General Meeting (AGM) which was held in Kutus Comprehensive Primary School grounds, Gathige stated that…

Read More
Not Allowed