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

Govt will not settle SACCO dues KCC deducted from former employees, CS Mbadi tells senators

Sacco ReviewOctober 31, 202404 mins

Former employees of Kenya Cooperative Creameries (KCC) have sought the Senate Committee on Labour and Social Welfare to secure their KES 204 million in unpaid dues. The committee has summoned National Treasury Cabinet Secretary John Mbadi who did not appear before the committee but sent a notice asserting that the Government is under no obligation…

Umoja Wendani Housing tops the property segment at Ushirika Day Awards

Sacco ReviewOctober 25, 202406 mins

Umoja Wendani Housing Co-operative emerged the top player in the recent Ushirika Day Awards Gala, taking first position in the Best Managed Housing Cooperative, Most Improved, and Best in Investments categories of recognitions. The society, established in 2012 to cater for the housing needs of Umoja Wendani Sacco members, was also second in Best in…

Robbers steal valuables from Kakamega Sacco office

Sacco ReviewOctober 21, 202402 mins

IG (Invest & Grow) Sacco Society LTD is counting losses after robbers broke into their offices in Malava in Kakamega County making away valuables. The robbers had accessed the cash room where millions were stored and moved the safe box out with the intent of running away with it but failed due to its weight….

Why the Pan-African Parliament is determined to harmonize cooperative legislations

Sacco ReviewOctober 9, 202409 mins

As the country eagerly awaits the enactment of new cooperative laws to regulate the sector, under the devolved system of government, the Pan-African Parliament (PAP) has coincidentally developed a Model Law that seeks to harmonize all cooperative legislations across the entire continent. This Model Law was adopted by the Pan-African Parliament during the 3rd Session…

Beyond the Finish Line: The Rise of Iten Athletics Sacco

Sacco ReviewOctober 4, 202404 mins

Athletes in Elgeyo Marakwet have formed a sacco aimed with assisting them in managing their finances and investments. Iten Athletics Sacco comprises athletes and their coaches drawn from North Rift region. According to the sacco chairman Richard Kanda, the sacco has over 200 members calling for other athletes to join. He termed the move as…

ACCOSCA: Cooperatives Bill 2024 will change the sector positively

Sacco ReviewSeptember 30, 202403 mins

African Confederation of Cooperative Savings and Credit Associations (ACCOSCA) Executive Director George Ombado has said that the Cooperatives Bill 2024 which is currently before senate will be the game changer in the country. Ombado who was speaking during a media interview said if the bill passes other countries will also be able to follow the…

As a Sacco member, are you aware of your obligations?

Sacco ReviewAugust 16, 2024August 16, 202408 mins

The growth of the Sacco sector in Kenya has shown how important they are in providing affordable financial services. They have enabled easier access to savings and credit for the middle and low-income segment for both household and enterprise development thus impacting the economic growth in both urban and rural areas. Many a time we…

Why SACCOs should embrace digitization of products, services

Sacco ReviewAugust 15, 2024010 mins

Savings and Credit Co-operative Societies (SACCOs) across the continent of Africa are embracing digitization rapidly to catch up with the fast changing business and financial services landscape globally. Ranging from the use of digital core banking systems to customer support to tech-enabled information management systems, SACCOs are transforming age-old business models, facilitating greater efficiencies and…

GDC Sacco seeks to grow its asset base to KSh8.5 billion

Sacco ReviewMarch 30, 202408 mins

GDC Sacco Society Ltd (GDC) has embarked on an ambitious plan to grow its asset base to KSh8.5 billion as it seeks to be among the top 50 Saccos in the country. The Sacco which currently has over 34,000 members, who are mainly dairy farmers in the agriculture-rich Githunguri Sub-county in Kiambu County, is keen…

Kilifi based Imarika Sacco reports full-year 2023 results

Sacco ReviewMarch 2, 202402 mins

Kiliifi based Imarika Sacco recorded a net profit of KSh323.8 million for the year ending December 31, 2023. A year earlier it posted a net profit of KSh397 million. Total assets for the Sacco rose from KSh13 billion as compared to KSh11 billion in 2022. READ ALSO: Imarika Sacco gets a new chairman In itd…