Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Boda Boda Saccos in Uasin Gishu County have received a huge boost through training and award of licences by the Kenya Roads Board (KRB), county administration and Kenya Red Cross among other partners. The training and licensing process served to refine and authorize individuals to operate on the roads legally especially for some who may…
Some 50 new cooperative societies have been registered in Taita Taveta County, Sacco Review has established. Speaking to Sacco Review in Voi town recently, County Cooperative Commissioner Erastus Gonzi said that the 50 new cooperatives were registered between September last year and early April this year. He further stated that 10 dormant cooperative societies in…
Former Public and Private Sector Cooperative Society (FOPPS) Sacco have entered into a contract with Cooperative Bank as the Last Expense Cover for its members. In a speech during the FOPPS Sacco Annual General Meeting at ACK Guest House in Amagoro, Busia County, National Chairman and founder Ben Akwara said the Last Expense Policy Cover…
Saccos benefit many people and in their daily activities they are exposed to a variety of risks — either internal or external. Internal risks are those within the organisation while external risks are outside the control of the Saccos. These risks make Saccos fail to meet their goals and members are the one affected. Among…
Metropolitan Sacco 46th Annual General Meeting (AGM) that was taking place today at Kiambu High School ended unceremoniously as members demanded for financial reports. According to reports, the management of the Sacco said they did not have financial reports because SASRA had not approved them yet. The reports further indicate that members of the Sacco…
Some 100 homeowners at Greatwall Gardens estate in Athi River might lose their units after Erdemann Property Limited lost a KSh1.9 Billion loan case against Kenya Commercial Bank. Erdermann Property Ltd, the developer made a prayer to the court saying that homeowners were innocent purchasers and that the units were sold by mistake, the prayer…
Hesitance and lack of interest by young Jua Kali artisans in welding and metal work related sector in Embu County to join or form Saccos has been blamed for the continued low access to finances to expand their businesses. Such finances including loans and government funds which are readily availed to self-help groups and Saccos…
Metropolitan Sacco will hold its 46th Annual General Meeting (AGM) today at Kiambu High School. In a notice to members signed by its honorary secretary of the Sacco David Waweru Mwangi, the members will gather to adopt the annual reports and financial statements for the past two years and confirmation of the management and Supervisory…
One of the reform measures introduced by the Ministry of Cooperatives upon operationalisation of the Cooperative Societies Act, No 12 of 1997 was the creation of DCDCs vide a Commissioner’s Circular letter. This came in the wake of diminished donor funding to the sector due to what was infamously referred to as “donor fatigue”. The…
Kenya Tourism Board (KTB) targets to host about 3,000 at the 13th edition of the Magical Kenya Travel Expo (MKTE). The regional tourism fair is scheduled for October 2-4 at the Uhuru Gardens National Monument and Museum in Nairobi. The participants included tour operators, hoteliers, travel agents and travel trade visitors. In 2023, about 2,500 participants took…
