Board of Directors – Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Molo Sub County Cooperative Officer Haron Muraya (centre)

Cooperatives supervisory committee and board of directors urged to work together to support members’ growth

Sacco ReviewMarch 24, 202605 mins

The Cooperative Movement Supervisory Committee and Board of Directors have been urged to work closely to ensure they improve the status of their cooperative movement for the benefit of members and delegates. This was said by Molo Sub County Cooperative Officer Harun Muraya, who said that both supervisory committee and board of directors should perform…

Kapkoros tea farmers demand disbandment of board over alleged mismanagement

Sacco ReviewDecember 15, 202503 mins

Tea farmers under the Kapkoros Tea Factory Group of Companies are demanding the immediate dissolution of the board of directors, accusing it of prolonged mismanagement that they say has eroded their earnings and destabilized their livelihoods. The group comprises Kapkoros, Motigo, Tirgaga and Olenguruone tea factories. Led by farmer representative Alice Koros, the growers said…

Chuna Sacco announces job vacancy for Chief Executive Officer

Sacco ReviewJuly 2, 202405 mins

Chuna Sacco Society Limited, a tier-3 deposit-taking Sacco regulated by the Sacco Societies Regulatory Authority (SASRA) and located in Nairobi, is looking to hire a qualified and professional Chief Executive Officer who can effectively align with the Sacco’s goals and objectives. The role involves providing daily leadership, management, and vision to ensure the efficient and…

Chaos erupts at company’s Annual General Meeting over KSh100 million

Sacco ReviewMay 13, 202403 mins

During the Kasigau Ranching Company Annual General Meeting (AGM) which was took place on Friday, May 10, disputes arose as shareholders were not pleased by the Board of Directors and how they spent the company’s finances. The more than 3750 shareholders rejected the company auditor and secretary reports which they described biased and inaccurate. READ…

CS Chelugui appoints 15-member new interim board at KUSCCO

Sacco ReviewMay 7, 2024May 8, 202404 mins

Ministry of Co-operatives & Micro, Small and Medium Enterprises Cabinet Secretary Simon Chelugui has appointed a new interim committee to run Kenya Union of Savings and Credit Cooperative (KUSCCO) after dissolving the previous board following mismanagement of funds allegations. In a statement by the Ministry the 15-member interim Board will be chaired by David Mategwa…

KUSCCO Board of Directors dismissed over alleged mismanagement of funds

Sacco ReviewMay 6, 2024May 6, 202402 mins

Cabinet Secretary for Cooperatives and MSMEs Simon Chelugui announces dismissal of Kenya Union of Savings and Credit Union (KUSCCO) Board of Directors over financial impropriety. CS Chelugui says the Board made inappropriate decisions. “Preliminary findings indicate systemic deficiencies in the management of resources, including, high cash withdrawals out of character with expected operations – Kshs…

Imarika DT Sacco assets base hits all time high of KSh13 billion

Sacco ReviewApril 20, 2024April 20, 202403 mins

Imarika Deposit Taking Sacco has recorded remarkable growth in total assets amounting to KSh13.1 billion. Its impressive performance has seen the SASRA annual report of 2022 rank the Sacco number 16 nationally in terms of assets base and number 11 in terms of profitability. Speaking during their Annual Delegates Meeting held at Travellers Beach Hotel…

Saccos set for KSh5.7 billion dividend bonanza from Co-op Bank’s KSh32 billion profit haul

Sacco ReviewApril 16, 2024April 16, 202405 mins

Savings and Credit Co-operatives (Saccos) will this year receive Ksh5.7 billion in dividend after Co-operative Bank of Kenya announced profit before tax of Ksh32.4 billion for Full Year 2023 as it prepare to have its virtual Annual General Meeting (AGM) on May 17, 2024. This will be the same level of dividend paid to Saccos…