Features

IG Sacco members urged to buy more shares

The newly refurbished IG Plaza along Muruli Road in Kakamega.

By Tindi Kuchio IG (Invest and Grow) Savings and Credit Co-operative Society Limited members have been urged to buy more shares in the Sacco when their salaries are increased. Speaking during the Sacco’s Special Delegates Meeting at Golf Hotel in Kakamega recently, Kakamega County Co-operative Commissioner, Nathan Mukhweso said this will increase the Sacco’s share capital  and hence enable it ...

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Avoid defaulting on loans, Mlolwa urges Saccos

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By Tsozungu Kombe. Kenya Union of Savings and Credit Co-operatives (KUSCCO) Director for Coast and North Eastern Provinces and Qwetu Sacco, Chairman in Taita Taveta County, Alfred Mlolwa (pictured), has urged Sacco members to patronize their Saccos and avoid defaulting on loans. He urged the members to strengthen their Saccos to professionally offer quality services to members. The Director also ...

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Channel Youth, Women funds through Saccos

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By Amoto Dennis Ndiewo. Savings and Credit Cooperative Societies (Saccos) in remote Tana River County are calling on the government to channel the multibillion Youth, Uwezo and Women funds through their societies. They said the Uwezo, Youth and Women funds should be channelled through Saccos in an attempt to boost their liquidity. Leading those making the appeal is the Tana ...

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Take loans, youth told

By Kamundia Muriithi. The youth have been told to join and take loans from Savings and Credit Cooperative Societies (Saccos). Biashara Sacco Marketing Manager, George Njuguna advised the youth from Embu County to join Saccos so that they can qualify for loans. “By joining Saccos, youths can easily access loans to undertake various socio-economic projects,” he noted.

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Huge potential remains unexploited in the Co-operative sector

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By Erick Nyayiera. The Co-operative movement potential in Kisumu County has not been fully exploited, the Chairman of Ushirika Council Kisumu County, Edward Matoke (pictured) has revealed. Matoke said that the parameters that indicate performance of the Co-operative movement in the County had shown that there were a lot of opportunities and advantages that were yet to be exploited by ...

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Tax relief to spur Housing Sacco growth

From Left: Co-operatives PS, Ali Noor Ismail, Nairobi Governor, Dr Evans Kidero and Trade, Industry and Co-operatives CS, Adan Mohammed.

By Kurgat Marindany. The Government has granted mortgage tax relief privileges to the Housing sub-sector so as to encourage its growth and development. Industry, Trade and Co-operatives Cabinet Secretary, Adan Mohamed made the disclosure during the 2017 95th Ushirika Day celebrations. The CS said the grant was caused by a Miscellaneous Amendment Bill and has also been extended to real ...

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Coops hailed as key economic drivers

The Chairman of new Nginda Dairy Cooperative, Julius
Kamau and other officials receive a trophy from Muranga Governor Mwangi Wa Iria for being the Best Milk Producer.

By Kage Njoroge. The future economic prosperity of Muranga County will rely on the co-operative sector, Governor Mwangi wa Iria has said. The governor said the region’s wealth can be attributed to its cooperative societies, fueled by its enterprising and growing membership. Speaking during the 2017 Ushirika Day celebrations at Ihura Stadium in the county, wa Iria lauded the residents ...

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Farmers transform their Dairy farming into Co-operative societies

By Kage Njoroge. Muranga County Dairy farmers are stepping outside the box to turn their farms into Dairy Co-operative societies. Small scale milk producers have come together under Dairy Co-operative societies which have empowered them to address their needs and determine the pricing of their produce. In the last four years, the County Cooperative Director, Josephine Mwangi said Dairy co-operatives ...

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Kiambu Co-ops scoop awards

By Felix Wanderi. Kiambu Cooperatives and societies emerged winners in most of the categories in the recent celebrations of Ushirika Day. In the Dairy sector; Githunguri Dairy Farmers Cooperative Society emerged the winner of Best Managed Sacco and the best in value addition, while Kiriita Dairy Farmers Cooperative Society and Limuru Dairy Farmers Cooperative Society were the highest in percentage ...

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Saccos realized over Sh 1.2bn turnover in 2016

By Tsozungu Kombe. A big number of registered Savings and Credit Cooperative Societies (Saccos) in Kilifi County earned a remarkable turnover of over KSh 1.2 billion in 2016 According to Kilifi County Cooperative Commissioner, Mary Mkare, the 243 registered Cooperative societies in the County have a membership of 95,818 with turnover of some of the Saccos being over KSh 1.2 ...

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