Boresha Sacco launches Iten branch
By Dennis Bett Boresha Sacco has opened the Iten Branch in Elgeyo Marakwet County as it continues with its expansion plan to reach more members. The new office will target…
Mwaka leaves SASRA after major reforms
By Malachi Motano The Sacco Societies Regulatory Authority (SASRA) Board has appointed Peter Njuguna as the acting Chief Executive Officer following the exit of John Mwaka after the expiry of…
Co-ops registration scuttled by Covid-19
By Sammy Chivanga The number of newly registered cooperative societies dropped nearly by a third in the 2019-2020 financial- year. A government report says Covid-19 disruptions made it difficult for…
Fund will save Sh2bn Saccos pay banks
By Malachi Motano Savings and Credit Co-operative Societies (Saccos) will save close to Sh2.33 billion they pay as interest income on loans from commercial banks, thanks to the establishment of…
Biashara Sacco to offer agency banking
By Asa Maina Biashara Sacco has been licensed to operate agency banking services by Sacco Societies Regulatory Authority (SASRA). The move follows a successful pilot implementation and opening of a…
Technology to support the growth of Saccos in Kenya – How?
The Covid-19 pandemic and its disruptions have introduced a new way of life not only at the individual level but also in business operations. Virtually every sector of the economy…
Gov’t urged to pay salaries through Saccos
By Our Reporter Amica Sacco chairman Hezron Maina Muchiri has asked the government to channel salaries for public servants and payment to suppliers through Saccos. Muchiri said the money will…
Change of guard as Mwaka exits Sasra
By Malachi Motano The Sacco Societies Regulatory Authority (SASRA) Chief Executive Officer (CEO) John Mwaka finally exited office after five years of service. The CEO been replaced in acting capacity…
Employ stiffer penalties on deductions non-remittance -Kuscco
By Malachi Motano Sacco leaders call for introduction of stiffer penalties against public entity heads who do not remit Sh3.8 billion deducted from workers’ salaries. According to Kenya Union of…
DT-Saccos grew by 12 per cent despite the Covid -19 menace
By Malachi Motano The deposit taking savings and credit cooperatives societies (DT-Saccos) remained on the growth track despite the harsh economic time in 2020 that resulted from the outbreak of…