Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
A housing cooperative has lodged a legal challenge against the government’s acquisition of a 60-acre land parcel, valued at KSh15 billion, designated for the construction of the contemporary Talanta Hela Stadium sports complex. The Postel Housing Cooperative Society contends that the land was obtained without adhering to the legal requirements for compulsory acquisition. In the…
Kenya Kwanza MPs have succumbed to public pressure from Kenyans and dropped punitive taxes imposed on proposed Finance Bill 2024. Kenya Kwanza Parliamentary Group (PG) attended a meeting chaired by President William Ruto and his deputy Rigathi Gachagua were it was agreed National Assembly’s Finance Committee to drop some of the proposals. They proposed the…
President William Ruto has praised the Meru Dairy Farmers Union for its amazing growth. He said this during visit to the farmers’ field day recently alongside Deputy Rigathi Gachagua. The President who spoke moments after presiding over the groundbreaking ceremony for the construction of a KSh200 million dairy feeds factory at Mitunguu in South Imenti…
Airtel is poised to compete with existing players in Kenya’s home internet market, which has long been dominated by Safaricom. Their new broadband services specifically cater to users in residential and business settings. Named the ‘Unlimited Home Broadband’ service, this product is poised to compete with major operators, including Jamii Telecommunications Limited and Zuku, which…
State Department for Cooperatives Principal Secretary Patrick Kilemi on Tuesday, June 12 has launched Pre-Ushirika Day blood donation drive at The Co-operative University of Kenya an initiative organized by the Ushirika Council. The PS noted that the blood drive symbolizes the 7th Co-operative Principle, Concern for the Community and our commitment to building a better…
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 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…
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…
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,…
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…
