Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Investors who bought land through a Thika based land firm, the Lesedi Developers Limited, have a reason to smile after the firm began issuing them with title deeds after years of wait. Following many days of court battles between the firm and investors over the former’s failure to issue them title deeds and alleged multiple…
Kenya Electricity Generating Company (KenGen) has reported a 9.2 per cent drop in net profit in first-half earnings compared with the same period a year earlier. The listed firm reported KSh2.96 billion in net profit for the six months to December 2023. This profit drop from the KSh3.26 billion reported in a similar period last…
The non-withdrawable depositing taking (NWDT) Savings and Credit Co-operatives (Saccos) shall now be required to pay annual regulatory fee to the country’s Sacco Regulator, the Sacco Society Regulatory Authority (SASRA) as they fully come under its purview. According to the November Legal Notice by Sasra the rate of the annual Sacco Societies Levy will be…
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…
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…
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…
The Government through the Ministry of Agriculture and Livestock has developed robust measures through a recently developed policy which will ease access to fertilizer to all farmers in a bid to improve crop yield and solve the challenges farmers faced in the past. Through its Agricultural Soil Management Policy 2023, prepared by the State Department…
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…
Opposition leader Raila Odinga has said that he has the solution to the problems bedeviling the implementation of the government’s affordable housing project and he is only bidding his time before coming to the rescue. Raila said he is the only Kenyan who has the secret and blueprint to the success of the project because…
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…
