SASRA Cracks Down on Auditors Over Delayed 2024 Statutory Reports

The Sacco Societies Regulatory Authority (SASRA) has moved to tighten compliance among auditors handling regulated Saccos by issuing a 30-day ultimatum to those...

SABRINA BT1 Mins read

BUSINESS

Delay in Cash Refunds Tops SACCO Member Complaints

Delay by Savings and Credit Cooperative Societies(SACCOs) in refunding cash to members who have exited the Society or intend to transfer their shares...

JACKSON OKOTH3 Mins read

BUSINESS SMART MONEY

SACCOs Widen Loan Offerings to Fight Off Digital Lenders

Savings and Credit Cooperative Societies (SACCOs) are busy digging in and expanding their product offering into digital and micro-credit loans to ward off...

JACKSON OKOTH2 Mins read

Cooperatives & MSME Development CS Wycliffe Oparanya.

BUSINESS

Govt Sets Deadline for Dormant Saccos to Comply or Face Liquidation

Dormant Saccos that are no longer active will be struck off the register and liquidated, Co-operatives and MSMEs Cabinet Secretary Wycliffe Oparanya has...

SABRINA BT2 Mins read

BUSINESS

Metropolitan SACCO Hit by a Wave of Refund Claims

Between February and July this year, the Cooperatives Tribunal has awarded over 36 refund claims sought by members seeking to withdraw membership from...

JACKSON OKOTH1 Mins read

Co-operatives and MSMEs Development Cabinet Secretary Wycliffe Oparanya. PHOTO/@DrOparanya/X

BUSINESS

Govt Moves to Revive Collapsed Moi University Sacco

The government has taken new steps to revive Moi University Savings and Credit Cooperative (MUSCO), years after it collapsed due to poor management,...

SABRINA BT2 Mins read

Saccos new frontiers for dirty cash in kenya

BUSINESS SMART MONEY

SACCOS are the New Frontiers for ‘Dirty’ Cash

A furious and cut-throat competition to attract big depositors among Savings and Credit Cooperative Societies(SACCOs) could be creating a fertile ground for criminal...

JACKSON OKOTH4 Mins read

Remittances and Inclusive Digital Finance Officer (Kenya, Uganda) at IFAD, David Berno, CEO of Skyline DT Sacco, Allan Mitei, and Sector Head, Digital & Special Projects at Credit Bank PLC, Daniel Madara, during the launch of the Sacco Cash Pickup Portal Remittance Service in Eldama Ravine, Baringo County. This game-changing solution, in partnership with SACCOS, will enable Kenyans, especially in rural areas, to access overseas remittances faster and more affordably across various counties.

BUSINESS

Credit Bank Unveils Sacco Cash Pickup and Remittance Portal Service

Credit Bank Plc has unveiled the Sacco Cash Pickup Remittance Portal Service, a game-changing solution in partnership with SACCOS to make overseas remittances...