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Kenya National Police DT Sacco wins the FiRe Awards Sacco category award

Sacco Review4 months ago4 months ago03 mins

The Kenya National Police DT Sacco has been awarded as the winner in this year’s FiRe Awards – Sacco category. The award comes months after the Sacco was recognized as the top-performing Sacco nationwide in the Management and Capitalization category during the Ushirika Day celebrations held on July 1 at the KICC. In a statement…

Universal Traders Sacco announces internship opportunities

Sacco Review5 months ago5 months ago02 mins

Universal Traders Sacco (UTS) has announced internship opportunities for individuals with a diploma in sales and marketing, cooperative management, or public relations. To be eligible, applicants must have achieved a mean grade of C or above in KCSE, be between the ages of 25 and 35 and have computer literacy skills. “If you are interested…

Controller of Budget arrested for operating unregistered Sacco

Sacco Review5 months ago5 months ago03 mins

Controller of Budget (CoB) Margaret Nyakang’o has been arrested in Mombasa by DCI officers and presented to court to face the charge of operating a Sacco without a license. The arrest came after the Office of the Director of Public Prosecutions approved the charges in a letter to the DCI on November 30,2023. Nyakong’o’s charges…

Nakuru pastors form Sacco to improve livelihoods

Sacco Review5 months ago5 months ago03 mins

Pastors in Nakuru have come together to establish Mitume Sacco to help them save money and access affordable credit facilities, ultimately improving their livelihoods. Pastor Alex Maina, the Sacco chairman and the chair of Nakuru Pastors Fellowship, encouraged pastors and clergy members to join the Sacco to enhance their economic status. “We understand the difficulties…

Safaricom Sacco CEO named winner of Champions of Governance Awards

Sacco Review5 months ago5 months ago03 mins

Joseph Njoroge, the CEO of Safaricom Sacco, has been named the winner of this year’s Champions of Governance (CoG) Award by the Institute of Certified Secretaries (ICS) in a ceremony held at Mercure Hotel in Upperhill, Nairobi. The CoG Awards aim to recognize and promote research work related to good governance practices. Njoroge, who joined…

Kamuthi Housing Coop helps Kiambu boda boda riders acquire land

Sacco Review5 months ago5 months ago03 mins

A group of boda boda riders from Ruiru in Kiambu County have a reason to celebrate after they acquired a 5-acre piece of land along Thika Road, with the help of Kamuthi Housing Cooperative Society. The Boda Boda Association, consisting of 200 members, received a title deed after diligently saving Ksh50 per day. Lawrence Kariuki,…

Retiring Bishop lauded for founding Church-based Sacco in Nakuru

Sacco Review5 months ago5 months ago02 mins

ACK Nakuru Diocese members have lauded retiring Bishop Dr. Joseph Muchai for founding the ACK Imani Talent Sacco which has boosted their economic status by providing financial solutions. Speaking in his office, Sacco Manager Franklin Mwirigi said that Dr. Muchai’s desire was to ensure that all members from all churches in the Diocese benefit from…

KUSCCO rubbishes claims it’s engaging in illegal businesses

Sacco Review5 months ago5 months ago07 mins

Kenya Union of Savings and Credit Co-operatives (KUSCCO), the umbrella body for Savings and Credit Cooperatives (SACCOs) in Kenya, has maintained that it doesn’t engage in any illegal business and operates within the stipulated laws that govern its operations. In a letter dated October 12, 2023 sent to all Sacco Chairpersons and which was a…

CoG submits recommendations for review of National Assembly 2022 Sugar Bill

Sacco Review5 months ago5 months ago03 mins

The Council of Governors (CoG) has submitted the legislative memorandum on the National Assembly 2022 Sugar Bill to the Senate Standing Committee on Agriculture, Livestock and Fisheries chaired by Kirinyaga county Senator James Murango for consideration. The document was presented by Bungoma Governor Kenneth Lusaka in his capacity as the Chair of the Agriculture Committee….

SASRA: Saccos lost Ksh233M to rogue staff

Sacco Review6 months ago6 months ago08 mins

The rush by Saccos to embrace mobile and internet banking as a replacement for the brick and mortar branches is proving to be a weak link in the fight against fraud in Saccos. A recently released SASRA report covering 2021 and 2022 shows that rogue Sacco staff are breaching internal systems and riding on mobile…