May 9, 2024
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Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

Category: Sacco Member

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

Sacco Review03 mins

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…

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Garissa County Cooperative Director Samuel Karanja. Photo:File

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

Sacco Review05 mins

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…

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Non-deposit-taking Saccos to start paying regulatory levy

Sacco Review06 mins

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…

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

Sacco Review06 mins

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…

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Court of Appeal gives Saccos greenlight to share members’ details with CRB

Sacco Review04 mins

The Appeal Court has given orders barring an High Court ruling delivered in September last year which nullified the Banking (Credit Reference Bureau-CRB) Regulations 2020 pending the hearing and determination of the appeal case filed by the Central Bank of Kenya (CBK). The implication is that Saccos are now free to share members’ details with…

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Cabinet Secretary for East African Community, Arid Lands and Regional Development Peninah Malonza engages in conversation with Kitui County Commissioner Kipchumba Ruto during a fundraiser to help Kitui Women Self Help Group on February 24, 2024 in Kitui. Photo: Boniface Muli

Minister pledges to support Kitui women self help groups

Sacco Review05 mins

The East African Community, Arid Lands and Regional Development Cabinet Secretary Peninah Malonza on Saturday, February 24, 2024 led a funds drive in aid of some 65 women groups from Kitui County. The event took place at the Kenya Forestry Research Institute (KEFRI) Kitui Regional Research Centre where the Cooperatives and Micro, Small and Medium…

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Simon Chelugui (centre), Cabinet Secretary for Micro, Small and Medium Enterprise Development and Patrick Kilemi Principal Secretary Cooperatives (right), welcomed to the 51st AGM of the Kenya National Police DT SACCO by National Chairman of the SACCO David Mategwa. Photo: Felix Wanderi

Cooperatives asked to adopt technology, strategic innovations for excellence

Sacco Review05 mins

Savings and Credit Co-operatives Societies (Saccos) have been called upon by the Government to embrace innovation and devise strategies that will propel cooperatives towards continued excellence. Speaking during the Kenya National Police DT SACCO 51st Annual Delegates Meeting held in Serena hotel in Nairobi this February, Simon Chelugui Cabinet Secretary for Cooperatives, Micro, Small and…

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Embrace technology to increase visibility, Chelugui advises Saccos

Sacco Review05 mins

Savings and Credit Cooperative Societies (Saccos) across the country have been challenged to embrace innovation and technology. The Cabinet Secretary for Cooperatives and Macro Small and Medium Development Simon Chelugui noted that doing so will help Saccos to increase their accessibility and visibility. He was addressing the 9th Annual Sacco Leaders Convention Meeting in Mombasa…

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Market Day Traders Savings and Cooperative Society members during the AGM at Aram market in February 2024.

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

Sacco Review09 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…

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Taita Taveta County ACK Diocese bishop, Rt. Rev. Liverson Mung'onda (left) addressing the press in February 2024. He is flanked by Five Talents Board Chairman RT. Rev. Dr. Joseph Muchai.

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

Sacco Review07 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…

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