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

Cooperatives urged to embrace tech, strengthen governance

Sacco ReviewSeptember 8, 202606 mins

Cooperatives urged to embrace technology and strengthen governance. Leaders warned to improve risk management following KUSCCO’s liquidation. Tax gaps, cybersecurity and climate change emerge as key concerns. Cooperative societies have been urged to embrace technology, strengthen governance and continuously improve their skills to remain competitive in a rapidly changing business environment. Institute of Directors Kenya…

How to transform financial setbacks into success

Sacco ReviewJune 14, 202408 mins

In managing our finances and personal development, this is like a metaphorical transformation of milk to yogurt, and then to cheese, revealing a profound truth about the nature of mistakes and their ability to create value. Just as cheese is a more valuable dairy product than both milk and yoghurt and sour grape juice melts…

Digital evolution in Saccos must reflect customer experiences

Sacco ReviewJuly 8, 2022July 8, 202206 mins

By David Kipkorir The coronavirus pandemic has induced a shift in cooperatives’ needs that will disrupt the movement ecosystem. As the world grapples with the pandemic, Savings and Credit Co-operative Society (Saccos) businesses have to reposition themselves to align with the demands of the “new normal”. Prioritizing good governance, digitizing Saccos, and maintaining excellent and…