The Leading Newspaper for Co-operative Movement in Kenya
By Stephen Makabila and Azael Masese A directive by the Government that Sacco board directors should not be paid honoraria or a send off package has raised a storm in the vibrant co-operative sub sector. Board chairs who spoke to Sacco Review noted that the two packages are only meant to reward and recognise the…
By Munene Maina Saccos across the country have introduced a raft of measures to tame the increasing number of loan defaulters. Defaulters in the co-operative movement now risk having their assets seized by the Government to recover the monies owed to the respective savings and credit co-operative societies. The Deputy Commissioner, Geoffrey Jang’ombe said defaulters…
By Our Reporter The Kenya National Union of Co-operative Staff (KNUCS) has finally overcome legal hurdles to operate in the country, ushering in a new lease of life for workers in the co-operative sector. The Registrar of Trade Unions E.N Gicheha in a letter dated February 2, 2018, addressed to KNUCS lawyer George Miyare, gave…
By Munene Maina Viktas Sacco is seeking to upgrade its current Management Information System (MIS) to a robust and scalable system that has both the Sacco banking system and ERP integrated. In a newspaper advertisements, the Sacco has requested for proposals for the supply, installation and commissioning of an integrated Sacco banking and ERP system….
By Our Reporter Kenya Highlands Sacco has put in place appropriate mechanism that ensures accountability of all transactions and engagements of the society. This is in addition to tight internal control mechanism to safeguard the assets of the Sacco. “We have also enhanced risk based audit and put in place an active directory to monitor…
By Munene Maina Farmers at Kesses sub-county,Uasin Gishu County, have been advised to join co-operatives for easy access to loans to pursue their dreams. The county governor Jackson Mandago said societies will enable youth to engage in productive activities that will provide them with income and revenue to the county. The County Agriculture Executive Samuel…
By Benedict Ng’etich The General Manager in charge of Operations at James Finlays, Kipchumba Bullut has said the company which is the biggest stakeholder at Ndege Chai Sacco was greatly concerned with the high level of indebtedness by some members. He called on them to borrow loans which they were comfortable with and could be…
By Alfred Kimosop A woman has been elected by the delegates of Boresha Sacco to serve on the Board of Directors. The election of Farida Haji to the fast growing Sacco put Boresha among few Sacco’s which have embraced the gender balance rule. Speaking during the election of the new board member at the educational…
By Azael Masese Bomet County is developing a cooperative policy to address issues affecting the operations of societies in the region. County Co-operative Commissioner David Kerich said the Bill that will establish this into law is before the County Assembly. “If adopted, it will attempt to curb mismanagement of co-operatives in the region since this…
