October 23, 2024
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Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

The Leading Newspaper for Co-operative Movement in Kenya

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Deputy President Dr. William Ruto boards Ngong Bodaboda Sacco matatu after meeting its members in his residence in Karen.

Bodaboda Sacco that has Deputy President’s attention

Sacco Review15 mins

By Obegi Malack  Motorcycles are increasingly becoming a popular means of transport for many rural and urban dwellers.  However, a National Crime Research Centre (NCRC) report has found that motorbike riders are the leading cause of road accidents, increased crimes, and teenage pregnancies. Many boda boda operators have also become lynch mobs who know no…

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Prime Time Sacco Chairman Thomas Rotich leading the guests in handing over reflectors to the youths.

Prime Time Sacco out to improve youth, women livelihood as Covid-19 battles economy

Sacco Review06 mins

By Dennis Bett Boda Boda operators in Elgeyo Marakwet have received reflectors and face masks from Prime Time Sacco as part of its corporate social responsibility. 13 Boda Boda youth groups benefited. The Sacco has issued more than 100 motorbikes to the youth on loan and plans to ensure that more youth acquire the motorbikes…

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George Ombado, CEO African Confederation of Cooperative Savings and Credit Association (ACCOSCA).

Covid-19: WOCCU appoints new committee to identify, share best practices with co-ops

Sacco Review22 mins

By Staff Reporter African Confederation of Savings and Credit Cooperatives Chief Executive Officer George Ombado has been named a member of the World Council of Credit Unions newly established Committee.  The Covid-19 Response Committee will be dedicated to identifying best practices and strategies that credit unions around the globe can utilize to respond to the Covid-19 pandemic….

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Neno Sacco Chairman Mr Peter Manga during an interview.

Dust to Grass: journey of Neno from welfare to reputable Sacco

Sacco Review07 mins

By Kamundia Muriithi A welfare group formed by a few matatu operators in Embu County in the late 90s has grown into one of the largest public transport Saccos in the country. Nairobi, Embu, Nissan Operators (Neno) Sacco is today a formidable and reputable transport based cooperative with a fleet of well managed vehicles in…

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Governor for Vihiga County, Wilber Ottichilo.

Vihiga’s 95 registered Saccos plagued by challenges

Sacco Review03 mins

By Our Reporter Vihiga County has well over 95 registered co-operative societies based on agriculture and savings and credit co-operative societies (SACCOs), housing, handicraft, and transport services. These co-operatives are distributed as follows: four dairy, five coffee, 57 savings and credit (Saccos), 12 housing, and 17 other co-operative societies based in the informal economic sector….

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Mr Geoffrey Njang'ombe, Senior Deputy Commissioner, State Department for Cooperatives during the past event.

Sh.1 billion Corona kitty mooted to cushon Sacco members

Sacco Review06 mins

By Sammy Chivanga The State Department of Co-operatives is rooting for a Covid-19 response team to mobilise up to Sh1 billion kitty to support members of co-operative movement and their families as coronavirus continues to cause layoffs and salary cuts. A concept note from the state department shows the unit wants to put up non-clinical…

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Patrick Nyaga, New CEO CIC Insurance Group.

CIC Group pays Sh. 32 million to Amica Sacco despite Covid-19 challenges

Sacco Review03 mins

CIC Group, a leading cooperatives insurer in Africa, has settled a Sh. 32 million fire insurance claim in favour of Amica Sacco. The claim arose from a fire incident in which a building owned by the Muranga-based Sacco was reduced to ashes in October 2019. Following the claims settlement, the building that also housed Mathai…

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Dr. Gideon Muriuki, Cooperative Bank Group CEO.

Jamii Bora to get a boost from Co-op Bank after buyout

Sacco Review05 mins

By Staff Reporter Co-op Bank is set to pump more resources to the staggering Jamii Bora Bank as soon as it completes purchasing a controlling 90% stake in the small lender at a cost of Sh. 1 billion. While responding to questions raised by the bank’s significant stakeholders Shorecup II, Conerstone, private equity firm catalyst…

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Mr Geoffrey Njang'ombe, Senior Deputy Commissioner, State Department for Cooperatives during the past event.

Full in-tray for new Commissioner for Co-operatives Njang’ombe

Sacco Review05 mins

By Our Reporter The acting Commissioner for Co-operative Development Geoffrey Njang’ombe is facing a full-in tray for the sector, with little time to settle given the disruption caused to the economy by coronavirus pandemic. Mr Njang’ombe took over from Didacus Ityeng who served briefly in acting capacity following the exit of Mary Mungai in April…

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