state department of cooperatives - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

State Department of Cooperatives engages senate on Cooperatives bill 2024

Sacco ReviewJune 18, 202503 mins

State Department of Cooperatives Principal Secretary Patrick Kilemi on Tuesday led officials from the department on an engagement forum with the Senate Standing Committee on Trade, Industrialization and Tourism on draft Cooperatives Bill No. 7 of 2024. The PS who was speaking during the forum in Naivasha said the bill proposed amendments are aimed at…

Windfall for Sacco members as huge dividends, rebates are paid in 2024

Sacco ReviewApril 16, 202405 mins

It is a windfall season for active members of Saccos as their societies announce surprisingly high dividends at their Annual General Meetings (AGM) even as the multi-billion sub-sector employs different strategies to improve their services. The high dividend payments, which have given tidy returns to shareholders, come as a relief as they will be crucial…

Co-ops registration scuttled by Covid-19

Sacco ReviewApril 30, 2021April 30, 202104 mins

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 applicants to submit required paperwork. A sector report shared by the State Department of Cooperatives (SDC) shows that new registrations dropped to 846 or 32%…