Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Stephen Makabila It will not be business as usual for the increasingly vibrant service providers in the Co-operative Sector when the new Co-operative policy is operationalised soon. The government, through the State Department of Co-operatives, now plans to vet service providers to ensure briefcase firms milking Saccos and Co-operatives are locked out. “There are…
By James Wakahiu Robbers who reportedly broke into Daima Sacco in Manyatta town of Embu County and accessed the strong room failed to open a safe containing money, despite using sophisticated tools. The gang of about six raided the sacco’s premises around 3.30am on Monday February 5, 2018. Embu North OCPD Mark Wanjala said a…
By Azael Masese The State Department of Co-operatives will soon disburse about Sh170 million to Sot Tea Growers Sacco (Stegro) to revive its operations. This is part of the Sh300 million debt waiver earmarked for the Bomet County based society whose operations were grounded due to illiquidity challenges. Senior Deputy Commissioner Geoffrey Njang’ombe said they…
By Azael Masese Majority of the Sacco actors will turn to Co-operative Education Days to refocus on their growth prospects in the face of hard economic times due to a lingering pro election mood. Globally, this is considered a critical principle in the cooperative movement, as it cultivates a people participation approach in the management…
The government is yet to appoint a new cooperative commissioner for Migori County. Mr Hezron Getui retired from the position towards the end of June 2017 and Mr Abraham Amugune has been in serving in an acting capacity for more than a year now.
Winas Sacco has appointed Pauline Mwaniki as a CEO, replacing David Kariuki, who was elected Embu Deputy Governor. He has been acting in that capacity for two months. Winas chairman Robert Kithanju said they had settled on Mwaniki after she emerged the best in interviews. Speaking during the sacco’s children’s Fun Day held at University…
Kenya Police Sacco Society Chairperson David Mategwa recently received an Honorary Distinguished Award from the African Confederation of Savings and Credit Associations. This was at the 18th SACCA Congress held in Lilongwe, Malawi, whose theme was “Disruptors: Competitive Economy for Human Empowerment”. The event took place between October 25 to 27, 2017.
Robert Shibutse, the immediate former CEO of Mwalimu Sacco has called it a day after an eventful three years at the society. He introduced innovative products and oversaw the construction of the landmark Mwalimu Sacco Towers which is now the head office at Upper Hill, and left after his contract expired and could not be…
KUSCCO has appointed Mercy Njeru as its Advocacy Manager in charge of KUSCCO’s core objective of advocating for Saccos in Kenya. She is a PhD student in Leadership and Governance, a holder of an MBA in Strategic Management, BBA Accounting and Finance and a Diploma in Co-operative Management. Mercy was formally the Chief Executive Officer…
By James Wakahiu Mwana Mukia Housing Cooperative Society based in Kahawa Wendani in Ruiru, Kiambu County has resolved to sue its members who have failed to collect their title deeds for their plots since 1970s. The resolution was arrived at during a meeting by the society’s management committee chaired by its chairman Robert Wairiri. “Inspite…
