Outlook for Co-op industry in 2020

By Jackson Okoth Economists are already projecting tougher times for Kenya’s economy this year. But even with grim prospects and gloomy statistics, the resilient Co-operative industry is putting on a brave face. Latest figures from Sacco Societies Regulatory Authority (SASRA) databases indicate that Kenya’s Sacco Sub-sector holds total assets worth more than Sh 442.3 billion…

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Some of the investors elated after receiving their title deeds.

Joy as land buyers in Thika receive title deeds after years of wait

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…

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Former Commissioner of Cooperatives Mr. Geoffrey Njang’ombe

Mbarire promises to help Embu bodaboda riders form Sacco

Thousands of boda boda operators in Embu County will be supported to launch a Sacco to enable them save and access loans and motor cycles, Governor Cecily Mbarire has announced. Governor Mbarire said once founded the Sacco would ensure that the boda boda operators are not subjected to exploitation by shylocks who charge unwarranted interests…

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Kenyan Cabinet Secretary in charge of Co-operatives and MSMEs Development Hon. Simon Chelugui, EGH (left) receives the 2024 SACCA Mantle from his Botswana Counterpart Hon. Karabo Socraat Gare. This signified Kenya will host 2024 event.

Kenya to host African cooperatives congress

Savings and Credit Cooperative Annual (SACCA) Congress will hold in Kenya later this year. Plans to host the 2024 SACCA Congress in the country have started in earnest with the constitution of a high-level working group. The Congress will go along the same lines as the previous Continental Congresses that made important contributions towards the…

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Ufundi Sacco Plaza. Photo: Courtesy

Ufundi Cooperative sacco announces sale of tower to clear debt

Ufundi Savings and Credit Co-operative Society Limited has announced the sale of it’s 14-storeyed building, Ufundi Co-op Plaza, at the junction of Moi Avenue and Moktar Daddah Street. In a local daily newspaper notice dated February 29, 2024, the Sacco has invited bidders for the iconic building Nairobi Central Business District that will be sold…

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Kennedy Keya, Invest and Grow Sacco Chairman. Photo Courtesy

Invest and Grow Sacco’s annual profit surges to KSh1.91 billion

The Invest and Grow (IG) Sacco, based in Kakamega County on Wednesday February 28, 2024 reported a 2.5 per cent jump in 2023 net profit. The net profit of KSh1.91 billion for last year compares with a profit of KSh1.86 million a year earlier. The Sacco intends to enroll more members to channel their income…

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Taita Taveta County Governor Andrew Mwadime and Trade, Tourism, industrialization and Cooperative Development Minister Getrude Shuwe during the meeting with the traders in Taveta Sub- county. Photo: Michael Oduor.

Taveta traders to benefit from KSh70 million modern market

Traders in Taveta Sub- county, Taita Taveta County are set to benefit from a KSh70 million modern market under construction in partnership National Government and county administration. The State is collaborating with the county under Economic Stimulus Programme. Speaking on Thursday, February 29 during the meeting with traders for deliberations on the construction of the…

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Machakos Governor Wavinya Ndeti receives a gift from a talented girl, Irene Mwende at Liberty Grounds, Mlolongo on February 24, 2024. Photo: Stephen Muthini.

Wavinya donates KSh1 million to Mlolongo boda bodas, gifts talented girl

A Mlolongo-based boda boda Sacco has received KSh1 million from Machakos Governor Wavinya Ndeti to increase their investment. Samsa Boda Boda Sacco received the cheque at the Liberty Grounds in Mlolongo on February 24, 2024 during a public participation forum on the 2024/2025 Fiscal Strategy Plan. The jubilant riders welcomed Governor Wavinya and her entourage…

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