Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The Unclaimed Financial Assets Authority (UFAA) has in its possession more than whooping Sh. 60 billion in terms of cash and assets which it intends to release to the legitimate claimants. UFAA Board Chairman Dr. Francis Njenga said the state agency has collected sh. 32 billion in cash and an additional sh 1.7 billion unit…
Four farmers’ co-operative societies in Machakos have a reason to smile after the County government through the Emergency Locusts Response Fund (ELRF) gave them a grant meant to improve marketing of their farm produce in a bid to compensate them after the recent locust invasion. The societies each received a grant of Ksh500, 000 through…
James Kinuthia was a member of one of the biggest Saccos in the country; he was employed and used to contribute Ksh1,000 monthly. In the year 2001, Kinuthia lost his job, rendering him unable to make the monthly deposits. Subsequently, he withdrew his deposits, receded to the village and lost contact with his Sacco. Little…
By Our Reporter Only 60 Saccos have submitted their unclaimed financial assets, including nil returns to Unclaimed Financial Asset Authority (UFAA) as at June 2021, the agency has revealed. In a workshop with stakeholders on compliance by the Sacco sector to UFAA Act, 2011, the authority’s CEO and Managing Trustee Mr. John Mwangi revealed that…
