A complimentary one-year membership to the Global Women’s Leadership Network.
A complimentary registration to the 2021 Virtual Executive Readiness Summit (October 27-29).
They are required to attend all GWLN forum sessions at WCUC on July 19, 2021 during the Worldwide Foundation Bridge the Gap series and provide updates to GWLN during the year, showcasing progress and growth in their credit unions. The 2021 scholars will also be joined by the four 2020 scholars representing Ghana, the Philippines, the U.S. and Uganda.
“The World Economic Forum recently reported that it estimates the gender gap will not be closed for another 135.6 years, pushing back the progress on gender equality for a generation,” said Lena Giakoumopoulos, program director for the Global Women’s Leadership Network. “GWLN is focused on actively being part of the solution toward closing gender gaps and investing in credit union women around the globe who find themselves at the core of solutions for their
CBK Gives New Directive on Mobile Money Transactions
Central Bank of Kenya (CBK) building in Nairobi.
Simon Kiragu
Kenyans.co.ke
The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above ksh.100 for Savings and Credit Co-operative Societies(SACCOs) through a bank s individual mobile money wallet on Thursday, April 1.
This payment method enables a bank to integrate its financial services with other financial institutions. The bank money wallets are closely linked to the credit societies sector.
This comes as a relief for SACCOs as they facilitate loans for a membership need for short-term capital and lack alternatives to connect with the mobile money ecosystem.
THE STANDARD
BUSINESS NEWS
KUSCCO chairperson George Magutu (left), Embu Senator Peter Njeru Ndwiga and the ICUDE Group Managing Director George Ototo (PHOTO: Kelvin Karani)
Both levels of government, as well as other State agencies, have not remitted close to Sh4 billion of their employees’ deductions to their respective Saccos.
Kenya Union of Savings and Credit Co-operatives (Kuscco) yesterday said this had left many saccos in a serious liquidity crisis.
Kuscco Group Managing Director George Ototo said yesterday most State agencies, including universities, counties and water companies have been in default since last year following the outbreak of Covid-19.
“We would like universities, county governments, water companies and fresh produce entities compelled to release statutory deductions owed to saccos totalling Sh3.8 billion,” said Mr Ototo (pictured, right).
Saccos want remittance defaulters forced to pay
Thursday January 21 2021
By JAMES KARIUKI
Summary
Kuscco wants universities, county governments, water companies and fresh produce entities compelled to release statutory deductions owed to saccos totalling Sh3.8 billion.
Kuscco managing director George Ototo said saccos were finding it difficult to fulfil their obligations due to the remittance deficit.
This is even as they report rising defaults by borrowers, many of whom have lost their jobs due to the Covid-19 pandemic.
The Kenya Union of Savings and Credit Co-operatives (Kuscco) wants universities, county governments, water companies and fresh produce entities compelled to release statutory deductions owed to saccos totalling Sh3.8 billion.