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

CS Oparanya orders Cooperatives, MSMEs to file annual returns or face deregistration

Sacco ReviewJune 9, 2025June 9, 202506 mins

Cabinet Secretary for Cooperatives and MSMEs, CS Wycliffe Oparanya, has ordered all cooperative societies that have not filed their annual returns to do so by June 30, or risk deregistration. “As stipulated under the Cooperative Societies Act, all cooperative societies, including unions, national cooperative organizations, and apex cooperatives, are required to file their annual returns…

ACCOSCA: Cooperatives Bill 2024 will change the sector positively

Sacco ReviewSeptember 30, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…

CAK to train Sacco on taxation, cybercrime risks and preventions

Sacco ReviewAugust 27, 2021August 27, 202105 mins

By Malachi Motano Co-operative Alliance of Kenya (CAK) has organised training on taxation, cybercrime risks and preventions for leaders and general Co-operatives stakeholder to help reduce the rising criminal activities brought about by the fast changing technology. “It has been a year since Kenya registered the first case of Covid-19. The news changed how we…

Saccos urged to embrace all sectors of the economy

Sacco ReviewAugust 5, 2021August 5, 202106 mins

By Malachi Motano Savings and Credit Cooperative Societies (Saccos) must now tap into all sectors of the economy following the government’s budget for the 2021/22 fiscal year. According to the Director of Cooperatives Banking Division at the Cooperative Bank Vincent Marangu, the country has opened up now and is witnessing many business activities opening up…

Union for Co-op staff gets Govt’s greenlight

Sacco ReviewJuly 9, 201806 mins

By Staff Reporter The Government has officially endorsed the Kenya National Union of Co-operative Staff (KNUCS) and directed all employers under the co-operative sector to co-operate with it. In a letter dated May 4, 2018 addressed to the Co-operative Alliance of Kenya (CAK), the Commissioner of Co-operatives Mary Mungai told employers in the sector that…

Why Saccos are against rules favouring special members

Sacco ReviewJuly 6, 201807 mins

By Patrick Odenyo Savings and Credit Co-operative Organizations (Saccos) are warning that the proposed changes in laws governing the sector are likely to stifle growth and put members’ savings at risk. According to Co-operative Alliance of Kenya (CAK) Executive Director Daniel Marube, the proposals contained in the Sacco Societies (Amendment) Bill 2018 will open room…