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…

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Govt launches ‘Finya Computer Itoe Dollar’ training programme for youths

The Government through the Ministry of Labour and Social Protection has rolled out a free training programme dubbed ‘Finya Computer Itoe Dollar’ under the Ajira digital programme through the State Department for Labour and Skills Development. The Ministry has noted that the main aim of the training programme is to equip young people with the…

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

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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Mumias Sugar Company entrance.

Cane farmers want to be paid KSh6,050 per tonne

Cane farmers have told Sugar millers that they won’t accept less than KSh6050 per tonne for cane delivered to the factories for milling. The farmers declared that the payment per ton as from this month (February) will only be reviewed upwards and not downwards as has been the trend for many years. The sentiments were…

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SASRA SACCO
SASRA CEO, Peter Njuguna.

SASRA warns public against trading with unauthorized Saccos

Sacco Society Regulatory Authority (Sasra) has warned the public against undertaking any related Savings and Credit Co-operative (Sacco) business with those entities that are not registered and regulated by the Authority. In a recent Public Caution issued by Chief Executive Officer (CEO) Peter Njuguna, the Authority has observed that a large section of members of…

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A section of Kenyan participants at the Trade Fair.

Kenyan innovations star at EAC MSMEs Trade Fair

Kenya scooped the second position for the most innovative products during the recently concluded 23rd East Africa Community Micro, Small and Medium-sized Enterprises (MSMEs) Trade Fair formerly known as the Jua Kali-Nguvu Kazi Exhibition after the United Republic of Tanzania clinched first position in the exhibitions held in Bujumbura, Burundi. The Trade Fair whose theme…

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Bungoa Governor, Kenneth Lusaka.

Co-operative Bill deferred after governors complain of being sidelined

The Co-operative Bill, 2023 has now been put on hold after county governors claimed that they were not consulted during the drafting. Sponsored by the government through the Ministry of Co-operatives and Micro, Small and Medium-sized Enterprises (MSMEs) Development, the Bill was in Parliament to allow for its first reading before proceeding to other stages…

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Kisumu City Manager Abala Wanga.

Matatu owners in Kisumu ordered to join Saccos

The Kisumu county government has ordered all public transport owners to register their vehicles with Savings and Credit Cooperative Organization (Saccos). The County Executive Committee Member (CECM) in charge of Infrastructure, Energy and Public Work Mr Salmon Orimba said it is a Government policy that all matatus must be registered with Saccos warning that vehicles…

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