Co-op News

15/02/2025

15/02/2025

Imarisha Sacco Members paid dividends on Shares at 14.09% and 11.07% Rebates on Deposits.

15/02/2025

Nation DT Sacco Board Announces 11% rate on deposits rebate
& 20% dividend payout on share capital

15/02/2025

14/02/2025

Sheria Sacco announces attractive returns to members
11% Interest on Deposits
16% Dividends on Share Capital

14/02/2025

Sheria Sacco announces attractive returns to members
11% Interest on Deposits
16% Dividends on Share Capital.

14/02/2025

KUSCCO OFFICIALS CHARGED FOR FINANCIAL MISMANAGEMENT

Four persons arrested by DCI detectives following the ongoing investigations into financial mismanagement at KUSCCO where billions of shillings were stolen will remain behind bars pending determination of bail terms on Tuesday, 18th February, 2025.

The quartet who have already been arraigned at Milimani law courts are facing several charges that include Conspiracy to Defraud Contrary to Section 317 of the Penal Code, Stealing by Directors or Officers of Companies Contrary to Section 282 of the Penal Code and Making a False document Contrary to Section 347(a) as read with Section 349 of the Penal Code.

As the four suspects namely George Magutu Mwangi, Mercy Muthoni Njeru, George Ochola Owino and Jackline Pauline Atieno Omolo cool their heels in the cells, the courts have issued summons to appear before court to the former KUSCCO Managing Director, George Otieno Ototo who is required to appear for plea taking on the same day his co-accused persons will be awaiting the determination of the bond terms.

DCI detectives remain fervent as they continue to undertake multi-faceted investigations geared towards ensuring that all perpetrators of the malfeasance that took place at the Sacco family union are brought to book.

14/02/2025

Sacco Jobs

Our client, a regulated Deposit-Taking Sacco in Nairobi, seeks to hire a Marketing Officer to lead strategic campaigns, drive membership growth, and enhance customer engagement. If you have a degree in marketing, five years of experience in the financial sector, and a passion for creating impact, this is your chance to join a dynamic team. Apply by 18th February 2025 and be part of a growing SACCO that values innovation and customer satisfaction. To learn more about the role, visit: https://shorturl.at/n71if Click the link to apply now: https://forms.office.com/r/YkRBh5HNS4

14/02/2025

Valentine’s Day

celebrating
✅ They empower communities
✅ They inspire unity & togetherness
✅They promote sustainable development

❤️

14/02/2025

Kuscco officials charged with stealing Sh82.8 million

14/02/2025

The Cooperatives Bill (National Assembly Bill No. 7 of 2024) is read a first time in the Senate.

The principal object of this Bill is to provide for a legal framework that promotes a sustainable and competitive cooperative sector f or socio economic development in a devolved system of governance.

Link to the Bill:
kenyalaw.org/kl/fileadmin/p…


https://t.co/LFQg0SXNp5

https://t.co/LFQg0SXNp5

14/02/2025

📢 Cooperatives and social solidarity economies pave the way for inclusion and sustainable growth.

Cooperatives prioritize people and social purpose over capital, empowering individuals and communities.

Learn more: http://bit.ly/CSocD63
🌍✨

14/02/2025

Happy Valentine's Day

Set me as a seal upon your heart, As a seal upon your arm; For love is as strong as death, Jealousy as cruel as the grave; Its flames are flames of fire, A most vehement flame.

Many waters cannot quench love, Nor can the floods drown it. If a man would give for love All the wealth of his house, It would be utterly despised. The Shulamite’s Brothers

Song of Solomon 8:6-7

13/02/2025

Former Chief Executive George Ototo remains at large even as an advocate plus top officials of Kuscco have been charged with stealing Sh82.8M -NTV

13/02/2025

Co-op Bill 2024

13/02/2025

KUSCCO former staff and directors arrested and charged

The Cooperative Union lost over Ksh12B

Will Saccos recover the money back?