Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
In a rapidly evolving digital business landscape, the financial sector the world over, including Savings and Credit Co-operative (SACCOs), faces unprecedented challenges and opportunities in equal measure. And with this digital transformation regime comes an increased risk of cyber threats and attacks. Indeed, cyber security is not merely an option for any cooperative formation, but…
When a monumental financial scandal rocked the Kenya Union of Savings and Credit Co-operatives (Kuscco), perhaps the hardest hit by the financial losses were Small-Tiered Regulated SACCOs that had looked upon Kuscco as the proverbial hen’s wing under which the small chicks could hide. Most of the small Saccos had put up at least Ksh22…
Financial communication, which refers to the process of disseminating financial information to stakeholders such as investors, analysts, and the general public, is increasingly becoming an important aspect in the corporate world. It encompasses a wide range of activities, including the preparation and release of financial statements, investor relations, and financial reporting. It is important to…
The commissioning of the Extended Shelf Life (ESL) processing plant by Limuru Dairy Farmers Cooperative has led to the society posting good financial performance this year reflecting significant growth and solid management. According to George Njuguna, chairman of the board of the society speaking during the 60th annual general meeting held at the milk processing plant in…
By Erick Maranga Ubunifu Sacco continues to assist youth to enhance savings and financial inclusion.The youthful Sacco Chairman Frank Odindo said young people are the future of the country making it essential to cultivate a savings culture among them. This, he added, will increase financial inclusion and boost the sector’s deposits. What started as a…
By Azael Masese Bomet County is developing a cooperative policy to address issues affecting the operations of societies in the region. County Co-operative Commissioner David Kerich said the Bill that will establish this into law is before the County Assembly. “If adopted, it will attempt to curb mismanagement of co-operatives in the region since this…
By Mary Wanjiru Ndung’u Savings and Credit Co-operative Society’s (Saccos) membership recruitment is an ongoing process that requires planning and a well thought out strategy. The reasons as to why Saccos need to constantly recruit is so as to grow their membership base, maintain their relevance and strengthen their financial muscle. Recruiting is the lifeblood…
