Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Felix Wanderi Poor decision making and bad debts have plugged Kumisa Sacco into a financial mess. During a recent Sacco AGM held at Kirigiti stadium, it emerged that the institution started in 2013 is on the verge of collapsing owing to liquidity challenges. The Sacco Board of Directors Secretary John Gakure informed members that…
By Our Reporter The National Treasury Cabinet Secretary Ukur Yatani has directed all government parastatals to remit billions of shillings in statutory deductions within the next four months. Unremitted Sacco deductions stand at Sh 2.261 billion according to the treasury data. He warned state corporations chief executives who will not comply with the directive. Many…
KUPPET in bid to bolster membership By Azael Masese Kenya Union of Post Primary Education Teachers (KUPPET) will embark on an aggressive recruitment drive to make it the single largest union in the country. With a current membership of about 90,000, KUPPET National Chairman Omboko Milemba said growth will be epitomized by total stability, performance…
By Jackson Okoth Deposit-Taking Saccos that run FOSAs will in this financial year pay more levy to the Sacco Societies Regulatory Authority (SASRA). This follows a ruling by Judge Weldon Korir that found that amendments to the Sacco Societies Deposit Levy order were done in consultation with all stakeholders, hence could not be quashed or…
By Andanje Wakhungu County Government of Kakamega has launched a multi-million smart farm that will be used to collect milk and train youths in Lugari Sub-County. Deputy Governor Professor Philip Kutima said Lugari Dairy Smart Farm at Kabras County Polytechnic will benefit residents. The farm which was constructed at a cost of Sh 23 million…
By Asa Maina 2NK Sacco recently organized a sensitization workshop for its drivers in a bid to sensitize them on road safety. 2NK Sacco Chairman James Kahiro said this was to prepare them as festive season and the closure of schools approaches. He noted that it was important for the drivers to be reminded on…
By Kamundia Muriithi An inquiry into alleged malpractices at New Kyeni Farmer’s Cooperative Society has absolved the management from the allegations, but left the farmers dissatisfied. Farmers had accused the management of the Embu-based society of various malpractices and abuse of office, which they said led growers to uproot their coffee. The row escalated to…
By Staff Reporter President Uhuru Kenyatta has directed the Ministry of Industry, Trade and Co-operatives to immediately operationalize the proposed Sacco Societies Fraud Investigation Unit within the Sacco Societies Regulatory Authority (SASRA). This is part of a series of policy and regulatory measures that he said the Jubilee administration has initiated so as to create…
By Boniface Mulu The government will continue supporting the modernisation of agriculture and teaching farmers the importance of growing crops suitable for their agro-ecological zones using the right techniques. Agriculture Cabinet Secretary Mwangi Kiunjuri also said the government is focused on making agriculture attractive to the young people. Kiunjuri made the remarks in a speech…
