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Lands Committee wants Cooperatives Ministry to intervene over liquidation of Drumvale Sacco

Sacco ReviewMay 2, 2024May 2, 202405 mins

The Departmental Committee on Lands has put to task Ministry of Cooperatives officials in connection with the liquidated Drumvale Farmers Cooperative Society. The parliamentarians questioned the Principal Secretary for Cooperative Development Patrick Kilemi on events leading to the liquidation of assets of the Machakos based Cooperative Society that saw members losing over 500 acres of…

Co-operative University to hold 8th graduation this Friday

Sacco ReviewNovember 28, 2023November 28, 202302 mins

The Co-operative University of Kenya (CUK) will hold its 8th graduation ceremony on Friday December 8, 2023 at its main campus in Karen, Nairobi. A notice shared by the university on its official social media platforms indicates that the event will be presided over by the Cabinet Secretary (CS) for Co-operatives and Micro, Small, and…

Stima Sacco to launch new branches by end month

Sacco ReviewJune 8, 2023June 8, 202303 mins

Stima DT Sacco is gearing up for the launch of new branches in Kisii, Meru and Nairobi counties. The branches, which will be launched on June 30, 2023, will be located on the ground floor of Waumini Plaza, second floor of Greenwood Mall and First Floor of Electricity House in Kisii, Meru and Nairobi counties…

What “Madaraka” Day means to kenya’s cooperative movement

Sacco ReviewJune 3, 2022June 3, 202206 mins

By Our Reporter The President led the nation in celebrating the 59th Madaraka Day at the newly-rehabilitated Uhuru Gardens in Nairobi yesterday, 1st June 2022. On that historic occasion, the head of state enumerated the achievements of his administration as it enters home stretch.. However, one milestone that stood out is the govt’s expansion of…

AMREF goes for virtual and electronic operations

Sacco ReviewJuly 19, 2021July 19, 202104 mins

By Malachi Motano AMREF Sacco has adopted virtual board, staff and member education meetings to meet the Ministry of Health’s social distancing guidelines on Covid-19. The Sacco also introduced an editable loan and membership application forms and allowed members to submit electronic applications to ease engagement. It increased members loan limits to Sh150,000 from Sh70,000…

Spending cuts lift Harambee Sacco out of losses

Sacco ReviewMay 20, 2019May 20, 201904 mins

Sacco paid dividends at 4% this year while interest on deposits at 5.5% this year. By Jackson Okoth A change in its executive suite, which saw the recruitment of a new Chief Executive Officer as well as Head of Finance, Investment and Strategy, combined with surgical spending cuts, is finally paying off for the giant…

Kiambu rivals Nairobi in DT-Saccos

Sacco ReviewFebruary 12, 201804 mins

By Staff Reporter Kiambu County has the highest distribution of Deposit-Taking Saccos headquarters outside the national capital, Nairobi. According to the market regulator, the Sacco Societies Regulatory Authority (SASRA) report, the national commercial and administrative capital, Nairobi City County, hosts headquarters of 41 DT-Saccos while Kiambu has 15. The Co-operative Societies Act under which DT-Saccos…