Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The one time vibrant Moi University Savings and Credit Cooperative Society (MUSCO) is now on its deathbed. The Sacco’s MUSCO Towers, a commercial building in Eldoret town, will forever bring back painful memories to the thousands of Sacco members who are not sure whether they will ever recover their hard earned cash they pumped into…
Sacco Society Regulatory Authority (SASRA), the regulatory body for Savings and Credit Co-operatives (Saccos), has issued revised guidelines to govern the renewal of operating licences for the country’s Deposit-Taking (DT) Saccos. This has seen new procedures being introduced and the existing ones improved to hold the 176 DT Saccos more accountable and ensure the protection…
In a fast changing and dynamic labour market, it is essential for employees to embrace effective communication for better understanding and as well increase productivity at workplace. Employees who often than not tend to do everything on their own, will basically get overburdened to the extent of eventually getting fatigued to the level of failing…
The operationalization of the Kenya Sacco Central Liquidity and Shared Services Cooperative Society Ltd (The Sacco Central) is set to change Kenya’s Sacco sub-sector’s landscape as it will help address liquidity challenges, especially for small Saccos. Under the outfit, Saccos are expected to pool resources under one platform and access a host of services at…
Kenya National Police DT SACCO Board Chair David Mategwa has expressed the Sacco’s commitment to work with any struggling Sacco. Kenya National Police DT SACCO is among the wealthiest and the most vibrant Sacco in the country. Mategwa said the SACCO is willing to take over the struggling Saccos’ liabilities and assets to enable the…
Before I get to the core of this story, let me tell you about the amusing anecdote about a strange ‘doctor’ in the village where I grew up. I describe him so because some of the shenanigans he exhibited border on the absurd, if not criminal. You see Disco Matanga, for that was his name,…
Savings and Credit Cooperatives Societies (Saccos) have been urged to change the criteria they use to measure their contribution to the country’s economic and social wellbeing. Sacco Societies Regulatory Authority (SASRA) CEO Peter Njuguna noted that the annual performance based on growth of asset base, deposits, share capital and surplus is never enough. Njuguna underscored…
Rose Wambua, a former banker at Cooperative Bank of Kenya, has urged upon the government to partner with the private sector to create jobs and fight poverty. Addressing women groups at Kawethei village in Kangundo constituency, Wambua said the private sector plays an important role in the growth of the economy and that job creation…
Wakenya Pamoja Sacco has taken a new growth trajectory with the launch of Wakenya MCash, which is part of its elaborate plans to rebrand as a way of fostering service delivery and improving business performance. The new product will allow members to transact remotely without having to travel to their branches, bringing convenience and comfort…
To ward off unscrupulous cartels that have permeated avocado industry and made themselves a bargaining chip, farmers from Kericho county have formed a cooperative society. Kericho Avocado Farmers Cooperative Society was presented to the registrar of companies last year by the farmers as an umbrella body to collectively market their produce and enhance productions for…
