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

KNCCI chairman urges SMEs to understand taxes for business resilience and compliance

Sacco ReviewNovember 7, 202404 mins

The proprietors and managers of small and medium-sized enterprises (SMEs) have been urged to keenly research and understand the types of taxes that affect their businesses for resilience and tax compliance. The Chairman of the Kenya National Chamber of Commerce and Industry (KNCCI) Kericho branch Rev. Reubenson Malakwen Bett said SME managers should try to…

Senate raises concern over delays in implementation of projects in the North Rift Region

Sacco ReviewNovember 5, 202405 mins

The Senate County Public Investments and Special Funds Committee conducted inspections of two major stalled projects in the North Rift region over the weekend, revealing concerning delays and potential financial irregularities. Led by Vihiga Senator Godfrey Osotsi, the committee first visited the incomplete Moi Soy Milling Plant on the outskirts of Eldoret City, a project…

Beyond trust: Safeguarding your savings amid rising risks and governance gaps

Sacco ReviewNovember 4, 2024November 4, 2024012 mins

In Kenya, Savings and Credit Cooperative Societies (Saccos) have long been pillars of financial stability and community support. They offer accessible loans, promote a saving culture, and provide an alternative to traditional banking for millions. Saccos are deeply trusted institutions, often regarded as safe havens for personal savings and a dependable source for credit during…

7 Key principles for effective leadership in cooperative societies (saccos)

Sacco ReviewNovember 4, 202408 mins

As the business landscape goes through major transformations, those at the top of various business organizations, particularly Savings and Credit Co-operative Societies (Saccos) must be awake to the reality that leadership isn’t just about holding a title or occupying a corner office in an organization. In this case, they should learn to understand that, leadership…

Machakos traders relieved as Governor intervened to stop demolitions

Sacco ReviewNovember 1, 202403 mins

Traders in Machakos Town on Monday morning breathed a sigh of relief after Governor Wavinya Ndeti intervened to stop the demolition of their shops which was already underway near Machakos Level 5 hospital. Some of the traders said they had recently secured loans from their SACCOS to restock their shops in readiness for the peak…

Supreme Court overturns an Appellate Court verdict that declared the Finance Act 2023 unconstitutional

Sacco ReviewOctober 31, 202404 mins

The Supreme Court overturned an Appellate Court verdict that had declared the Finance Act 2023 Unconstitutional. This followed the successful appeal filed at the Supreme Court by the Cabinet Secretary for National Treasury, the Attorney General and the National Assembly and the Kenya Revenue Authority, challenging the July 31st 2024 Court of Appeal’s judgment declaring…

Ownership Battle: Who really owns the Trans-Elite Savings Sacco Plaza?

Sacco ReviewOctober 31, 202405 mins

Confusion surrounds the ownership of the Trans-Elite Savings and Credit Cooperative Society Plaza in Kapsabet town, Nandi County, with current officials claiming ownership leaving the question, Who really owns the Trans-Elite Savings Sacco Plaza? Sacco Chair Alfred Ngetuny said they bought the plaza using a bank loan, dismissing claims by some former members claiming to…

Govt investigates rogue mining operations amid residents’ health concerns in Kilifi

Sacco ReviewOctober 28, 202406 mins

Residents of Kilifi County especially those residing in mining-dominated areas have in the recent past come out to air their dissatisfaction with the operations of some investments in the area. The move has forced the Cabinet Secretary for Mining and Blue Economy Ali Hassan Joho and the National Assembly departmental committee on Environment, Forest and…

Umoja Wendani Housing tops the property segment at Ushirika Day Awards

Sacco ReviewOctober 25, 202406 mins

Umoja Wendani Housing Co-operative emerged the top player in the recent Ushirika Day Awards Gala, taking first position in the Best Managed Housing Cooperative, Most Improved, and Best in Investments categories of recognitions. The society, established in 2012 to cater for the housing needs of Umoja Wendani Sacco members, was also second in Best in…

Tower Sacco deposits hit 21B to move 3 places up the overall rankings

Sacco ReviewOctober 25, 2024October 25, 202405 mins

Tower Sacco’s share capital and deposits increased by over Ksh3 billion in the last eight months to move from position 8 to 5 in a pool of 174 deposit-taking Saccos. According to Sacco Society Regulatory Authority (SASRA) in its Annual Sacco Supervisory Report 2023 which was released recently, the Sacco was ranked fifth under Large…