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Daima Sacco annual members’ education forum

Daima Sacco trains members on financial literacy

Sacco ReviewApril 29, 202603 mins

Daima Sacco Society Limited has intensified efforts to promote financial literacy among its members, with a strong focus on empowering young people to build secure financial futures. The recent annual members’ education session attracted significant engagement, with over 70 percent of participants drawn from the youth demographic. The session centered on practical approaches to saving…

Saccos remain wary of poor savings culture among Kenyans as incomes dwindle

Sacco ReviewApril 27, 2026April 27, 202606 mins

Since 2023, Kenyans, especially those working in formal employment, have faced tough times with increased taxation and new statutory deductions eating into their payslips. Over the last three years, the government has increased deductions among salaried Kenyans with the Social Health Insurance Fund (SHIF), requiring a mandatory contribution of 2.75% of an employee’s gross monthly salary….

Limlak SACCO invites contractors ahead of FOSA and HQ construction

Sacco ReviewFebruary 10, 202602 mins

Limlak Savings and Credit Cooperative Society (SACCO) has invited interested contractors to submit Expressions of Interest (EOI) and pre-qualification documents ahead of the planned construction of its Front Office Service Activity (FOSA) and headquarters building. In a notice issued by the SACCO, Limlak directed interested contractors to download the EOI and pre-qualification forms through the…

Afya Sacco in crisis as SASRA probes KSh550 million misappropriation

Sacco ReviewAugust 14, 202504 mins

The Sacco Societies Regulatory Authority (SASRA) has launched a recovery effort targeting over KSh550 million allegedly misappropriated by the management of Afya Sacco Society Ltd. The regulator’s intervention follows a damning inspection report that uncovered a trail of unaccounted withdrawals, excessive allowances, and undocumented cash transactions spanning more than two years. According to a letter…

Sukari Sacco hosts AGM, hopeful to resume normal operations

Sacco ReviewSeptember 19, 2023September 19, 202302 mins

Sukari Sacco recently held its Annual General Meeting. Sacco Chairman Boniface Omondi urged members to remain united for the sake of their esteemed Sacco. He noted that though it’s been a while since they held an AGM, he urged members to be confident that the Sacco is headed in the right direction. Omondi noted that…

Mwito DT Sacco founding member passes on

Sacco ReviewAugust 24, 2023August 24, 202302 mins

Mwito Deposit Taking Sacco Society Limited is grieving the loss of its founding member Peter Kariuki Ng’ang’a, which occurred on August 19, 2023. The burial will be held on Friday, August 25, 2023 at 9.00 am at his home in Kariua Village, Kandara Sub-County, Murang’a County. The deceased has seen the Society grow from a…

Court gives nod to increased levy for Saccos

Sacco ReviewFebruary 3, 2020February 3, 202004 mins

By Jackson Okoth Deposit-Taking Saccos that run FOSAs will in this financial year pay more levy to the Sacco Societies Regulatory Authority (SASRA). This follows a ruling by Judge Weldon Korir that found that amendments to the Sacco Societies Deposit Levy order were done in consultation with all stakeholders, hence could not be quashed or…

Artisans’ Sacco to offer FOSA services

Sacco ReviewJune 8, 201802 mins

By Kamundia Muriithi A co-operative that was started by Jua Kali artisans and small scale traders in Runyenjes town of Embu County now plans to start offering Front Office Sacco Activities (FOSA) to meet increasing needs of its members. Started 10 years ago with an initial share capital of Sh237,000, the Focus Sacco Society has…

Kimisitu Sacco to launch FOSA Services

Sacco ReviewApril 27, 201803 mins

By Wesley Ken Kimisitu Sacco plans to introduce a Front Of¬fice Service Activity (FOSA) wing to offer basic banking services to members. The front office will enhance efficiency in providing services to its members to meet their banking needs and other financial services which will complement products and services offered by the back office services….