County focus

Kisii County Govt blamed for neglecting Co-op sector

By Elijah Nyaanga The Kisii County Government has been accused of neglecting the Cooperative sector by not allocating resources to facilitate its activities and finance members. Speaking during the July 2 County’s Ushirika Day celebrations held at the Gusii Coffee Cooperative grounds in Kisii town, Development Committee Chairman, Stephen Ogamba challenged the Government to factor in Cooperatives to strengthen their ...

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Universal Traders Sacco launches new Check Off Loans product

The sacco’s board of directors chairman Simeon Kitheka addresses members during the 26th Annual General meeting at the Machakos University grounds.

By Makoma Musyoka Universal Traders Sacco has introduced a Check Off Loans product to better service delivery and attracts more members. The product enables salaried members to access loans through pay slips. Check Off loans are available to employees whose employers have signed an agreement with a lending institution. Sacco Board of Directors Chairman Simeon Kitheka said in future the ...

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Sh95m for women, youth

By Our Reporter Kilifi County Secretary, Bibi Fondo has said Sh95 million will be allocated to women, youth and people with disabilities through Saccos to improve their living standards. Speaking during the official closing ceremony of Imarika Sacco Special Delegates Meeting recently Fondo said that many people in the country have managed to accomplish their personal developments through taking loans ...

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Over 50 sacco officials trained on financial management

By Tsozungu Kombe More than 50 officials from nine newly registered Saccos in Kwale County recently underwent training on financial management. The two-day induction course was conducted by the Kwale County Government to enable them manage their Saccos in a more effective and efficient manner. Kwale County Government Trade and Co-operatives Director, Mr. Nyamawih Charo urged sacco officials in the ...

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KMFRI Sacco to open FOSA branch

KEMFRI Sacco Chairman, Rashid Anam.

By Wesley Ondieki Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to open a fully fledged FOSA branch outside Mombasa, Sacco Chairman, Rashid Anam (pictured) has said. “Among our future prospects, we will have a FOSA in a place yet to be identified outside Mombasa. We will also partner with members to start housing projects which will enable ...

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Sh95m for women, youth

Bibi Fondo, Kilifi County Secretary

By Our Reporter. Kilifi County Secretary, Bibi Fondo has said Sh95 million will be allocated to women, youth and people with disabilities through Saccos to improve their living standards. Speaking during the official closing ceremony of Imarika Sacco Special Delegates Meeting recently Fondo said that many people in the country have managed to accomplish their personal developments through taking loans ...

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Amica unveils strategy to cut costs

By Kage Njoroge. Amica Savings and Credit Society has embarked on strategic measures to reduce the cost of doing business in the highly competitive financial sub-sector. Amica Chief Executive Officer (CEO), James Mbui said that the steps being taken include closing down branches facing challenges, engaging in agency banking contracts, application of ICT driven service delivery and reducing the workforce ...

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Tower Sacco to put up Sh75m head office

Tower Sacco CEO, Mr Njihia Waweru (second right) with a sacco member when he presented a trophy won by the sacco for being the most improved and fastest growing large sacco.

By Munene Maina. Members of Ol Kalou-basedTower Sacco Society Limited will put up a Sh 75 million four-storeyed office complex to serve as the Society’s head offices. A feasibility study conducted by the Society’s Board of Directors found that the Sacco has outgrown its current office block and is in need of more space as well as a new image. ...

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Protect businesses from political risks, State urged

2NK matatu Sacco chairman James Kahiro (right) and a sacco official helps a driver Mary Wanjiru (left) in straightening a tie during a two-day training session at YMCA hall in Nyeri town.

By Wakahiu Muthoni and Joseph Mukubwa. The business community has called on the Government to safeguard their investments from political upheavals. Speaking to the press in Thika town recently, Urithi Housing Society Chairman, Samuel Maina said the recent political demonstrations had caused uncertainty, thereby seriously affecting their businesses. “The Government should secure our businesses from political upheavals and assure the ...

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Governor moots bill to improve co-ops

By Munene Maina. NyandaruaGovernor Francis Kimemia has urged the County Assembly to legislate on proposed Nyandarua County Co-operatives Bill which seeks to set up a fund to reinvigorate co-operatives in the county. The Governor said some of the existing legislation would be amended to enhance service delivery to residents and empower farmers and other agriculture-oriented traders economically. “We plan a ...

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