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Kenyans receiving services at the Kenya Revenue Authority headquarters. PHOTO/KRA

Why the Sacco double taxation debate persists despite legal clarity

Sacco ReviewApril 17, 202605 mins

Mr Edward Kinyungu, the Hon Secretary of Kenya Society of Professional Cooperators ( KSPC), has prosecuted a very strong case that seeks to have saccos’ non-core activities exempted from TAXATION, arguing that it amounts to “double taxation ” and stifles the growth of the sector that is pivotal in savings mobilisation among citizens . This…

Opening of Common Bond should be done with caution, Co-op body warns

Sacco ReviewMarch 20, 202509 mins

The Kenya Society of Professional Co-operators (KSPC) has urged the Commissioner of Co-operative Development (CCD) to develop a policy guide that will enable co-ops to function in a way that will help open the common bond to the general public. The professional body has argued that though the opening of a common bond in the…

KSPC calls for harmonization of data on cooperatives

Sacco ReviewAugust 26, 2023August 26, 202307 mins

Co-operative professionals and practitioners through their body the Kenya Society of Professional Cooperators (KSPC) have called upon the government through the State Department for Co-operatives to address the matter of timely data and information in cooperatives. The practitioners have further recommended for the establishment of an information and document portal with links to various users….

Saccos declaring questionable dividends, bonuses, says KSPC

Sacco ReviewAugust 17, 2023August 17, 202306 mins

Cooperative sector practitioners have expressed concerns over the manner in which Saccos and cooperatives are declaring dividends and interest on deposits, as well as honoraria payments. Through Kenya Society of Professional Co-operators (KSPC), the practitioners observed that there are a lot of malpractices among cooperatives in the way dividends, interest on deposits and honoraria are…

KSPC wants policy safeguards on assets of Coops facing liquidation

Sacco ReviewAugust 16, 2023August 16, 202307 mins

A 2020 Survey conducted by the State Department for Co-operative Development revealed that there are 5,723 dormant cooperatives, which are at risk of losing its assets to unscrupulous officials. Kenya Society of Professional Co-operators (KSPC) is now calling on government to develop policy guidelines that will help to safeguard assets of cooperatives that may fall…

Cooperative University of Kenya urged to reintroduce old cooperative courses

Sacco ReviewJuly 22, 2023July 22, 202308 mins

Co-operative professionals and practitioners, through the Kenya Society of Professional Cooperators (KSPC), have asked the Co-operative University of Kenya (CUK) to re-introduce the traditional cooperative courses it used to offer before it was upgraded to a full-fledged public university. The professionals and practitioners noted that traditional cooperative courses, such as Certificate in Cooperative Administration (CCA),…

Co-op professional body gets new members

Sacco ReviewJune 21, 2023June 21, 202301 mins

Two new directors have joined the Kenya Society of Professional Co-operators (KSPC) after a successful election during the Society’s hybrid Annual General Meeting (AGM) held recently in Nairobi. Edward Kinyungu and Dr. Lydia Omamo, the National Co-operative Business Association CLUSA International (NCBA-CLUSA) Country Director , replaced Stephen Otieno and Dr. Nelson Kuria who retired after…

KSPC wants policy safeguards on assets of Coops facing liquidation

Sacco ReviewMay 19, 2023May 19, 202307 mins

A 2020 Survey conducted by the State Department for Co-operative Development revealed that there are 5,723 dormant cooperatives, which are at risk of losing its assets to unscrupulous officials. Kenya Society of Professional Co-operators (KSPC) is now calling on government to develop policy guidelines that will help to safeguard assets of cooperatives that may fall…

Sweeping powers for Co-op watchdog in new Bill

Sacco ReviewMay 13, 2023May 13, 202307 mins

If a draft Bill by the Kenya Society of Professional Cooperators (KSPC) is passed into law, no person will be allowed to practice or provide cooperative services unless they have been issued with a valid practising certificate by KSPC. According to the draft law, a copy of which Sacco Review has seen, KSPC will be…

Cooperative University of Kenya urged to reintroduce old cooperative courses

Sacco ReviewMay 4, 2023May 3, 202307 mins

By Roy Hezron Co-operative professionals and practitioners, through the Kenya Society of Professional Cooperators (KSPC), have asked the Co-operative University of Kenya (CUK) to re-introduce the traditional cooperative courses it used to offer before it was upgraded to a full-fledged public university. The professionals and practitioners noted that traditional cooperative courses, such as Certificate…