Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
The ongoing coffee reforms are bearing fruit as prices at the Nairobi Coffee Exchange (NCE) shoot up to all-time highs, the last week of February auction has given the solid proof. During the week’s auction on February 27, 2024, the prices rose to $9 million (approximately KSh717. 5 million), with action volume increasing to KSh1.3…
Mentor Sacco Chief Executive Officer (CEO) Joyce Waceke Ndegwa is one of the most highly rated female leaders in the cooperative sector in Kenya. Waceke, the lead actor in this increasingly illustrious cooperative society, exhibits deep knowledge of the Sacco sub-sector. “You need to understand your industry thoroughly; new and emerging trends, and threats and…
The managements of various Saccos in Mt Kenya region have intensified campaigns to educate their members on skills for prudent management of borrowed funds in a bid to tame increasing cases of default in loan payments. Most Sacco are still grappling with recovery of funds held in defaults by borrowers mainly attributed to prevailing economic…
GDC Sacco Society Ltd (GDC) has embarked on an ambitious plan to grow its asset base to KSh8.5 billion as it seeks to be among the top 50 Saccos in the country. The Sacco which currently has over 34,000 members, who are mainly dairy farmers in the agriculture-rich Githunguri Sub-county in Kiambu County, is keen…
Investors who bought land through a Thika based land firm, the Lesedi Developers Limited, have a reason to smile after the firm began issuing them with title deeds after years of wait. Following many days of court battles between the firm and investors over the former’s failure to issue them title deeds and alleged multiple…
The co-operative sector is one of the key economic drivers which contribute hugely to social and economic development in Murang’a County. In this consideration, the Murang’a County Assembly has been challenged to craft legal frameworks which would enable this crucial sector to upscale performance. According to the chairman of Amica Sacco Society, Hezron Muchiri, county…
Governor Kiarie Badilisha has pledged that Nyandarua County will patronize the services of Tower Sacco whenever they require financial assistance or consultation. Speaking during the Sacco’s 48th Annual General Meeting (AGM) in Ol’Kalou, Badilisha said that the Sacco appealed to him because they are customer-centred and register all customers regardless of their financial status. He…
Hazina Sacco Chairman Evans Kibagendi has opposed the introduction of a levy on cash deposits held by Non-Withdrawable Deposit-Taking Saccos by the Sacco Societies Regulatory Authority (SASRA) beginning January 2024. Kibagendi will greatly affect the revenue of Saccos as a whole, and the savings of individual members who are ideally the owners of the Saccos….
Nyeri Governor Mwalimu Mutahi Kahiga has assured that his County government will support the cooperative movement by implementing innovative strategies and ensuring compliance with regulations. The Governor made the statement during the 48th Annual General Meeting of the Newfortis Sacco at Nyamakachi Primary School. “My government will prioritize the promotion of Saccos through enforcement,…
The Cabinet Secretary for Cooperatives Simon Chelugui has led the Coffee Cherry Advance Revolving Fund (CCARF) sensitization and distribution campaign in Kiambu, Nyeri, Kirinyaga and Murang’a Counties. According to Chelugui, the Kenya Kwanza administration has initiated key administrative and legislative reforms geared towards restoring the coffee sector to its full glory. “Coffee is one of the…
