PS Cooperatives Principal Patrick Kilemi (centre) with SASRA Chair Jack Ranguma (left) during Sacco sub sector Regulatory Policy and Legal Roundtable 2024 forum in Naivasha recently. Photo by Obegi Malack PS Cooperatives Principal Patrick Kilemi (centre) with SASRA Chair Jack Ranguma (left) during Sacco sub sector Regulatory Policy and Legal Roundtable 2024 forum in Naivasha recently. Photo by Obegi Malack

PS Kilemi urges Sacco leaders to uphold good governance for growth sector

Principal Secretary State Department for Cooperatives Patrick Kilemi has asked Sacco leaders to uphold good governance practices. The PS speaking recently during closing ceremony of The Annual Sacco Sub sector Regulatory Policy and Legal Roundtable, 2024 in Naivasha organised by The Sacco Societies Regulatory Authority (SASRA), he said the Sacco leaders should take their responsibilities…

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SASRAChief Executive Peter Njuguna when he appeared before National Assembly Public Investments Committee on Commercial Affairs.

Public Investments Committee seeks answers on SASRA audit queries

The National Assembly Public Investments Committee on Commercial Affairs and Energy met last week to examine the audited accounts of the Sacco Societies Regulatory Authority (SASRA) for Financial Years 2013/2014 to 2020/2021. The Committee led by Member of Parliament for Navakholo Constituency and Majority Party Whip at the Kenya National Assembly Emmanuel Wangwe cross-examined SASRA…

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Mentor Sacco, Chief Executive Officer, Joyce Waceke Ndegwa.

Steady rise of Joyce Ndegwa from clerk to CEO of Mentor Sacco

Mentor Sacco Chief Executive Officer (CEO) Joyce Waceke Ndegwa is one of the most highly rated female leaders in the cooperative sector in Kenya. Waceke, the lead actor in this increasingly illustrious cooperative society, exhibits deep knowledge of the Sacco sub-sector. “You need to understand your industry thoroughly; new and emerging trends, and threats and…

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Kericho County Commissioner of Cooperatives Leonard Otii.

Defaulters on Sacco loans accused of denying others chance to borrow

Kericho County Commissioner of Cooperatives Dr Leonard Otii has said defaulters on loans and those who delay repayments are denying other members a chance to use the same facility. Speaking during Simba Chai Sacco’s Annual Delegates Meeting (ADM), Otii was concerned about the high rates of delinquency witnessed in some societies, which he cautioned the…

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Saccos vs money market funds: Which gives the best return?

Money Market Funds (MMFs) and Savings and Credit Cooperative Organizations (SACCOs) are both money-saving instruments that have gained popularity in the country. And they both promise one thing — to make your money work for you. The two work in different ways therefore understanding their unique features before making a choice is vital. What are…

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