Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their societies to take them to the next level. Magutu said for many years, youth and women have been sidelined and they must be ready to take up positions, even that of…
Kenya Union of Savings & Credit Co-operatives (KUSCCO) has marked its 50 years of existence with a share capital of Ksh2.99 billion in 2022 that had risen from Ksh2.81 billion previously, which represents a growth of 6.4 per cent. National Chairman George Magutu revealed this as he highlighted their achievements in the housing sector, where…
Sacco leaders have been urged to use the appropriate technology to run Sacco operation so as to spur growth. Martin Kimani, an Associate Director in KPMG’s Technology Transformation Unit and a speaker at the forum, told the leaders that technology reaches more ground and keeps up with the ever changing business environment. Kimani said that…
All Cooperatives will in future become federations and subscribe to an apex body, Kenya Union of Savings and Credit Cooperatives (KUSCCO) Group Managing Director George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. “The economic participation of our business…
All Cooperatives will in future become federations and subscribe to an apex body, group managing director of the Kenya Union of Savings and Credit Cooperatives (KUSCCO) George Ototo has hinted. A restructured Cooperative sector will ensure sustainability and viability as it will solely depend on the subscription of the cooperative members. Ototo revealed this while…
Kenya Union of Savings & Credit Co-operatives (KUSCCO) National Chairman George Magutu has urged women and youth to vie for leadership positions in their Saccos to take them to the next level. Mugutu said for many years, youth and women have been sidelined hence they should rise up and be ready to take up positions,…
Kenya Union of Savings and Credit Cooperatives (KUSCCO) Advocacy Manager Mercy Njeru has urged the government to allow only the official regulator to audit Saccos in the country for improved efficiency, transparency and confidence among cooperative societies. Njeru said currently there are many state agencies competing to audit Saccos, raising suspicion among Saccos to the…
Rift Valley KUSCCO Regional Manager Stephen Makori has called upon governors from Rift Valley region to fund small and upcoming Saccos and cooperative societies to ensure their sustainability. Speaking during the Ushirika Day celebrations, the manager noted that most of such Saccos do not have adequate funds for capacity building and leadership training hence they…
Farmers have been urged to join cooperative societies to increase their bargaining power and access to credit. Uasin Gishu County Chief Officer for Agriculture Elphas Kesio revealed that the county government is committed to solving the challenges facing farmers including low produce prices and limited access to credit. He called on farmers to diversify their…
Kenya Union of Savings and Credit Co-operative (KUSCCO) has asked defaulting government institutions to release billions worth of statutory deductions they owe Saccos in the country. KUSCCO Group Managing Director George Ototo said the non remittance by the two governments had created operational challenges for many Saccos. Ototo added that it was imperative that urgent…
