Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Wesley Ken. Over the past three years, Kenya’s Matatu Transport industry, the dominant mode of transport of both passengers and goods in the country has undergone a tremendous overhaul. Management and operation of Public Service Vehicles is now in the hands of Transport Saccos. The newly created National Transport and Safety Authority (NTSA) organ…
By Kimtai Cherongis. Boda boda operators in Bungoma County have reason to smile after the County Government announced they will no longer have to pay any tax to be allowed to operate in the county. Addressing hundreds of boda boda operators in Busia town drawn from across the county, Busia County Governor Kenneth Lusaka said:…
By Wesley Ondieki. Kenya Marine and Fisheries Research Institute (KMFRI) Sacco is set to launch a fully fledged FOSA services 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…
By Tsozungu Kombe. Plans are at advanced stage to open a fully fledged branch of Lengo Sacco in Kilifi town, the county’s headquarters in an effort to boost service delivery. Speaking during Lengo Sacco Annual Delegates Meeting (ADM) held at Lutheran Hall in Malindi town recently, the Sacco’s chairman, Mr George Ndaa Tune (pictured) revealed…
By Our Reporter. Kwale County Government will continue to support Saccos’ growth in the region, Kwale County Government, Cooperative Development and Industrialisation Ministry Chief Officer, Ramadhani Bungale (pictured) has said. Speaking during Tabasamu Sacco, Annual General Meeting (AGM) held at Kwale Cultural Centre recently, Bungale said Saccos are the backbone of the country’s economy. He…
By Tsozungu Kombe Women in Taita Taveta County have been urged to form Saccos to uplift their standard of living. Speaking during Qwetu Sacco Annual Delegates Meeting held at Tsavo East Galaxy Resort in Voi town recently, Taita Taveta County Cooperative Commissioner, Andrew Mbinga said the County Government will continue to support Saccos in the…
By Richard Shichangi. Kakamega Vuma Daima Sacco has declared 10 percent payment of dividends to its members and another 8 percent payment of interest on members’ deposits. Addressing members during the Sacco’s Annual General Meeting held at the County Social Hall, the Sacco’s chairperson, Mrs Iris Masambaga urged members to use the earnings to boost…
By Dennis Bett. Elgeyo Marakwet Youth Bunge Sacco has embarked on a mission to establish income generating activities to empower members. It is planning to partner with Safaricom and other financial institutions to set up business activities like M-PESA, Bank agents and building plots and homes for rental purposes. Speaking during the 2017 Annual Delegates…
By Kephas Ayiecha. Savings and Credit Co-operative Societies (Saccos) faced tough times ahead if the government goes ahead with plans to effect amalgamation of financial institutions. One such Sacco is the Trans National Times Sacco Society (TNTs) based in Kitale which has an increased financial base of Sh1.1billion. Speaking during the Sacco’s Annual Delegates Meeting…
By Ken Langat. Tea farmers have been asked to diversify farm production in order to enhance their source of income. Kenya Midland Sacco Chief Executive Officer, Robert Rotich (pictured) said that most of the farmers are affected during unfavourable weather conditions and market price conditions. Rotich who attributed high rate of defaulting among members to…
