MERGERS - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Sacco CEOs weigh in on mergers, education and defaults

Sacco ReviewAugust 17, 202609 mins

Sacco CEOs say mergers can strengthen smaller societies, improve technology investment and boost competitiveness without compromising Co-operative values. They emphasise member education as key to better financial planning, responsible borrowing and stronger governance. CEOs support firm but fair loan recovery measures to protect members’ savings and maintain financial stability. For years, debate on Kenya’s Saccos…

Respected don asks co-operatives to accept mergers for fast growth

Sacco ReviewSeptember 30, 2023October 2, 202307 mins

Deputy Vice Chancellor Finance Planning and Administration at the Co-operative University of Kenya (CUK) and career cooperator Prof Esther Gicheru has called for mergers in the co-operative sector if better governance and management have to be achieved. In her presentation titled ‘The Contribution of the Cooperative Business Model in Development: Practices and Opportunities’ to the…