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

Troubled Metropolitan Sacco AGM ends unceremoniously in Kiambu

Sacco ReviewApril 26, 2024April 27, 202406 mins

Metropolitan Sacco 46th Annual General Meeting (AGM) that was taking place today at Kiambu High School ended unceremoniously as members demanded for financial reports. According to reports, the management of the Sacco said they did not have financial reports because SASRA had not approved them yet. The reports further indicate that members of the Sacco…

TSC stopped 11,310 teachers’ remittances to Metropolitan Sacco

Sacco ReviewApril 18, 202404 mins

The Teachers Service Commission (TSC) released a list teachers whose remittances to Metropolitan Sacco had been stopped and those who are still active members. In a letter dated April 4, signed by TSC CEO Dr Nancy Macharia, directed to clerk of Senate, she said 11,310 teachers’ remittances were stopped while 2,401 teachers were still members…

Co-operative Bank leads commercial banks as preferred Sacco partner

Sacco ReviewSeptember 21, 2022September 21, 2022013 mins

By Azael Masese Co-operative Bank of Kenya is the most preferred commercial bank Saccos turn to for operational efficiency and customer convenience. Consequently, Co-operative Bank generates more income by partnering with Saccos compared to other commercial banks; and the reverse is true. According to the Sacco Supervision Annual Report, 2021, partnership areas include Automated Teller…

Saccos defy odds to report significant growth despite Covid-19 setbacks

Sacco ReviewSeptember 19, 2022September 19, 202208 mins

By Azael Masese Saccos defied a tough business environment posed by Covid-19 to report growth in three market portfolios; asset base, deposits and loan portfolios in the 2020/2021 Financial Year (FY). The finding was revealed in the Sacco Supervision Annual Report, 2021, released on August 3, 2022. SASRA Board chairman George Murathe said the growth…