Commissioner for Cooperatives Development - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Government warns Saccos against borrowing to pay dividends

Sacco ReviewApril 21, 202603 mins

The Commissioner for Cooperatives Development, David Obonyo, has sounded a stern warning to cooperatives and savings and credit societies (Saccos) that resort to borrowing money to declare dividends and rebates. Speaking during the launch of a four‑year strategic plan for Mhasibu Sacco, Obonyo said such practices amount to deception and will attract punishment under tightened…

Government issues guidelines for coffee debt waiver

Sacco ReviewJune 27, 2024June 27, 202403 mins

Ministry of Cooperatives and Micro, Small and Medium Enterprises (MSMEs) Development has issued guidelines for coffee cooperatives debt waiver 2024. Through a public notice from Principal Secretary Patrick Kilemi the Ministry notified the public that any organization that has not forwarded its claims to Commissioner for Cooperatives Development to do so by close of business…

KSPC asks Saccos to lay down procedures of shares transfer between members

Sacco ReviewMay 31, 202407 mins

The Kenya Society of Professional Co-operators (KSPC) has called on all cooperatives in the country to come up with clear guidelines and policies regarding how shares can be transferred from one member to another. In their routine Continuous Professional Development (CPD) forum which was held in Kisumu between March 25 and March 29 this year,…

Public Service Commission announces 19 job vacancies in Cooperatives Ministry

Sacco ReviewMay 14, 2024May 14, 202402 mins

The Public Service Commission (PSC) has advertised 19 positions for several vacant posts in the Ministry of Co-operatives and Micro, Small and Medium Enterprises (MSME) Development. In announcement seen by Sacco Review, PSC announced that there are three vacancies for the Senior Deputy Commissioner for Co-operative Development post under Civil Servant Grade (CSG) 5. For…