borrowing powers - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Afya SACCO delegates approve key resolutions on dividends, borrowing powers and audits during SDM

Sacco ReviewNovember 21, 202503 mins

The Afya Cooperative Savings and Credit Society Limited has announced a series of major resolutions following its Special Delegates Meeting (SDM) held on November 7, 2025. The meeting, chaired by Chief Executive Officer Lwanga Mbeche, addressed critical financial and governance matters affecting members and the society’s future operations. Delegates approved the non-payment of dividends on…

Govt issues guidelines on maximum borrowing powers by cooperatives

Sacco ReviewAugust 26, 2023August 26, 202305 mins

The national government has issued guidelines on approval of maximum borrowing powers by cooperatives. Commissioner for Cooperatives Development David Obonyo stated that the guidelines are to enhance good governance and leadership in the cooperative sector. In a letter dated August 16, 2023 directed to County Directors/ Commissioners for Cooperatives, CEO/MD- Cooperative Alliance of Kenya, Chairpersons…