Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Roy Hezron Professionals in the Cooperative sector have called upon the government to regulate dividend payment, especially in the Savings and Credit Co-operatives (Sacco) sub-sector, to separate success from dividends. Through the Kenya Society of Professional Co-operators (KSPC), the sector elites felt that the success of cooperatives should not be measured by the rate…
By Symon Mburia The Kenya Kwanza administration won the just concluded general elections on the promise to revolutionise the economy through the adoption of the bottom – up economic model. The model targets to grow the economy and create wealth by deliberate empowerment of the majority of citizens at the grassroots. If successfully implemented the…
By Roy Hezron Kenya Society of Professional Co-operators (KSPC), a sector professional organization in the cooperative movement of Kenya, has come up with regulation guidelines that seek to root out cooperative quacks. The move is meant to bring order in the Co-operative movement in the country which has accumulated asset base of over Sh. 1…
By Malachi Motano Saccos have moved into a second wave of rebranding, in an apparently new order that is adding the words DT Saccos (Deposit Taking-Saccos) on their names. Among them is Kenya Police Sacco that is now Kenya National Police DT-Sacco, Cosmopolitan Sacco is now Cosmopolitan DT-Sacco and Mombasa Port is now Mombasa Port…
By Malachi Motano The government has blamed unprofessional behaviour by managers of co-operatives for the loss of members’ investments. Co-operatives Principal Secretary Ali Noor says the inquiries instituted by the department show that in many instances unprofessional behaviour was the reason for loss of investment. “Unscrupulous persons have used co-operatives to swindle innocent Kenyans out…
By Roy Hezron Cooperative society managers will soon be required to be fully registered and certified members of Kenya Society of Professional Co-operators (KSPC). Those targeted include Chief Executive Officers (CEOs) and others holding senior managerial positions in the cooperatives sector. “Those measures are meant to restore the image of the multi-billion sector which has…
