Cooperative Societies Act - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Draft Cooperatives Bill needs to reflect proposals in Sessional Paper No 4 of 2020

Sacco ReviewApril 22, 2024April 22, 202408 mins

The enactment of the Cooperative Societies Act, No 39 of 1966 was the outcome of the Sessional Paper No. 10 of 1965 on “African Socialism and its Application to Planning in Kenya”, while the subsequent enactment of the Cooperative Societies Act, No 12 of 1997 (Amendment 2004) was anchored on the Sessional Paper No. 6…

Stakeholders should devise measures to ensure timely remittances to Saccos

Sacco ReviewOctober 7, 2023October 7, 202306 mins

One major hindrance to efficient service delivery among Saccos in Kenya is delayed remittances from some employers. Unfortunately, delayed remittances happen despite the fact that under Section 35 of the Cooperative Societies Act, Cap 490, there are clear legal provisions intended to ensure recovery of delayed remittances upon expiry of seven (7) days of the…