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

PS Kilemi urges Sacco leaders to uphold good governance for growth sector

Sacco ReviewJune 12, 202403 mins

Principal Secretary State Department for Cooperatives Principal Patrick Kilemi has urged Sacco leaders to uphold good governance practices. The PS Speaking on Thursday during closing ceremony of The Annual Sacco Subsector Regulatory Policy and Legal Roundtable, 2024 in Naivasha organized by The Sacco Societies Regulatory Authority (SASRA) said the Sacco leaders should take their responsibilities…

Kenya Re posts KSh4.97 billion profit in 2023

Sacco ReviewJune 1, 202403 mins

Kenya Reinsurance Corporation has posted a profit of KSh4.97 billion in the financial year ended December 2023 up from KSh3.5 billion posted in 2022. This has been realized as a result of net investment and insurance results that rose by 42 per cent to KSh8.19 billion, up from KSh5.78 billion in the previous year. This…

Ufanisi DT Sacco gets new Accountant

Sacco ReviewMay 31, 2024May 31, 202401 mins

CPA Protus Senda, former Shoppers Sacco Chief Executive Officer (CEO), is now the new Accountant at Ufanisi DT Sacco Society. READ ALSO: Ufanisi DT Sacco gets new Accountant Senda is a Bachelor’s Degree holder in Commerce, Finance and Banking option, and a Certified Public Accountant (CPA-K) with over 11 years of experience in matters credit…

KSPC asks Saccos to lay down procedures of shares transfer between members

Sacco ReviewMay 31, 202407 mins

The Kenya Society of Professional Co-operators (KSPC) has called on all cooperatives in the country to come up with clear guidelines and policies regarding how shares can be transferred from one member to another. In their routine Continuous Professional Development (CPD) forum which was held in Kisumu between March 25 and March 29 this year,…

What next for KUSCCO after loss of billions in member savings?

Sacco ReviewMay 31, 2024May 31, 202408 mins

Stakeholders in the cooperative movement have now called for urgent measures to ensure that the country’s Sacco umbrella body, the Kenya Union of Credit Co-operatives (KUSCCO), is regulated for safety of funds and restore the image of the union. This comes after the Cabinet Secretary (CS) for Cooperatives and MSMEs Development Simon Chelugui dissolved the…

Government plans to roll out new Co-operatives Act on Ushirika Day

Sacco ReviewMay 31, 2024May 31, 202403 mins

Cooperatives and Micro and Small Enterprise said development Cabinet Secretary Simon Chelugui government plans to roll out a new Co-operatives Act during this year’s Ushirika Day celebrations. Chelugui said Cooperatives Bill No. 7 of 2024 overcame last challenge following an agreement between the Ministry and the Council of Governors on contentious and emerging issues. Chelugui…

Waumini Sacoo advertises vacancy for Credit Manager

Sacco ReviewMay 31, 202403 mins

Waumini Sacco is currently seeking to fill the position of Credit Manager. The credit manager will report to Chief Executive Officer and will be responsible for the growth of the Society’s loan portfolio while ensuring quality and health loan book is maintained. The successful candidate will oversee the expansion of the Society’s loan portfolio, while…

Economic empowerment programme for women, youth launched in Kilifi

Sacco ReviewMay 31, 202404 mins

Economic empowerment for women and youth in Ganda Ward, Malindi Sub-county in Kilifi County is taking root with the aim of creating employment for residents. Already, 15 youth and women groups have received tools and equipment that will enable them create jobs and add value to local products. The area Member of County Assembly (MCA)…

Jubilee Insurance announces job opportunities

Sacco ReviewMay 31, 202401 mins

Jubilee Insurance has advertised vacancies for four jobs including Audit, Risk & Compliance Officer, Business Development Officer, Senior Accountant, Financial Reporting and Chief Distribution Officer. The closing date for all vacancies is June 2, 2024. Please visit the https://jubileeinsurance.com/ke/careers/ for more information. Founded in 1937, Jubilee Holdings Limited (JHL) has over over 1.9 million clients…

United Nations Sacco posts KSh2.2 billion income in 2023 enhanced by affordable loans

Sacco ReviewMay 31, 202403 mins

United Nations Sacco posted remarkable financial results in 2023 with the firm’s total revenue increasing by 13 per cent, hitting a record KSh2.197 billion. This was achieved as a result of increase in interest on loans and advances, reduced expenditure and investment income. A total of KSh1.3 billion was given to members in the form…