Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Titus Muriithi. The Meru County Executive Committee member in charge of co-operatives Mithiaru Mithika has said that it is due to the contributions made by various cooperative unions since independence that Kenya has been able to grow its rural economy. He points out that through various cooperative unions, especially those in the coffee, tea…
By Munene Maina. Rural-based Gastemeco Sacco has now changed its name to Biashara Tosha Sacco as it sets out on a new growth path that will enable the Society become more reputable,expand its reach beyond Embu County and improve service delivery to members. Biashara Tosha, established, eleven years ago in Manyatta Sub County, Meru, is…
By Stephen Makabila. Taqwa Sacco, which provides Sharia Compliant financial services and solutions to meet the diverse needs of its members, a service open to all Kenyans irrespective of their religion, race and gender has officially launched a Front Office Services Activity (FOSA). The launch that was presided over by Cabinet Secretary (CS) for the…
By Tsozungu Kombe. The Kwale County Co-operatives Officer, Levina Lenjo has commended local residents for joining Saccos in large numbers, citing the case of many merry go rounds that have since turned into Saccos. The County had only one deposit-taking Sacco, Kwale Teachers Sacco, which has since rebranded to Tabasamu Sacco. This number has increased…
By Erick Nyayiera. Dairy farmers in Siaya County are currently recording low milk production as a result of the drought which has affected the region from mid last year. Sam-Malanga Dairy Co-operative Society Manager, Japheth Ayoo said milk supply has drastically reduced thus affecting profitability. He states that as opposed to the previous period when…
By Staff Reporter. The Government will now make use of the Sacco Review as its main channel of communicating and articulating the Co-operative sector’s policies to the wider Kenyan public. Principal Secretary (PS) in the State Department of Co-operative, Mr. Ali Noor Ismail, noted that Sacco Review was the most popular newspaper within the Cooperative…
By Richard Shichangi. Butere Faida Sacco is set to introduce several amendments to its bylaws to help improve service delivery to members. The society which was conceived from Butere Financial Services Association (FSA) has grown drastically to become one of the leading rural Sacco in western Kenya. Addressing members at a meeting to approve the…
By Ken Langat. Saccos have been advised to concentrate on their core business of savings and lending members and not engage in costly long term investments. Kipchumba Bullut, James Finlay Kenya Limited General Manager, observed that some societies were rushing to engage in costly ventures as a possible conduit for theft of members’ funds. “It…
By Azael Masese. Mwito Sacco has been urged to be innovative in the range of products and services it offers to its members to attract more business. Chairman of Ethics Commission for Co-operative Societies (ECCOS), Philip Gichuki, speaking during Mwito Sacco’s 36th Annual General Meeting in Nairobi, recently noted that if Saccos are to survive…
By Kiptanui Rutto. Makadara District Cooperative Officer (DCO), Andrew Maikal has advised Sacco officials on registration of the next of kin as the move would save the Saccos from dilemmas. Speaking during a Nafaka Sacco AGM in Nairobi, the DCO said many issues concerning the matter referred to his office and it was always a…
