The Leading Newspaper for Co-operative Movement in Kenya
According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…
The number of female employees in regulated Saccos in the country has been steadily rising, surpassing that of male employees, SASRA’s Sacco Supervision Report 2022 has revealed. According to the Report, female employees in regulated Saccos account for 50.61% of the total employees with males accounting for 49.39%. It also reveals that within the DT-SACCOs…
Boresha DT Sacco CEO Jacob Mengich has been honoured with the Head of State Commendation (HSC) Civilian Division by President William Ruto during the 2023 Jamhuri Day celebrations at Uhuru Gardens, Nairobi. Mengich, who was among 173 others, was appreciated for exceptional services in the Sacco industry and the role he has played in transforming…
The National Social Security Fund (NSSF) is working on modalities to ensure that members’ claims are paid within 24 hours, but they will first put measures to settle claims within 14 days. Speaking in Kisumu during a consultative meeting with members of the Central Organization of Trade Unions (COTU), NSSF Managing Trustee David Koros disclosed…
Senior officials from the Government of Ghana, including representatives from the Ghana Co-operative Credit Unions Association (CUA), Ministry of Finance, and the Department of Cooperatives, are currently in Kenya to benchmark the country’s cooperative movement which is considered the largest in Africa. According to the 2022 Statistical Report by the World Council of Credit Unions,…
Cabinet Secretary (CS) for Information, Communication & Digital Economy Eliud Owalo has announced that the government will construct dykes along River Nyando to control flooding caused by the ongoing heavy rains. Speaking during a relief food distribution drive at Nyamasawo Primary School in Ombaka, Nyando sub-county, Owalo disclosed the government will implement the construction as…
The Kenya National Police DT Sacco has been awarded as the winner in this year’s FiRe Awards – Sacco category. The award comes months after the Sacco was recognized as the top-performing Sacco nationwide in the Management and Capitalization category during the Ushirika Day celebrations held on July 1 at the KICC. In a statement…
The Policyholders Compensation Fund (PCF) has disbursed Ksh93.18 million in claims to 778 policyholders of three collapsed insurance firms dating back to June 30, 2023, the Fund’s Independent Trustee Deberious Sikuku has said. Speaking during a 5-day sensitization campaign in Kisumu, Sikuku noted that the beneficiaries include 724 former clients of Resolution Insurance Company who…
Taita Taveta County residents have gone for four days in a row without water following the termination of water supply by the Coast Water Works Development Agency (CWWDA). According to CWWDA Director Judith Mwamburi, they cut the supply because the Taita Taveta County Water and Sewerage Company (TAVEVO) has not paid bills amounting to over…
Roads, Transport and Public Works Cabinet Secretary (CS) Kipchumba Murkomen has termed Lake Victoria and its ecosystem as a sleeping giant with the potential to boost the region’s economy and the Western Kenya tourism circuits if fully utilized. Murkomen was speaking at the Kisumu Port where he launched the Standards of Training Certification and Watching…
