Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Munene Maina Cosmopolitan Sacco intends to open four additional satellite offices in an effort to take services closer to members. The Sacco has five branches namely Nakuru, Naivasha, Bahati, Molo and Narok. In 2016, the society paid members Sh296 million dividends and interest, a growth of 21 per cent increase from the year 2015….
By James Wakahiu Robbers who reportedly broke into Daima Sacco in Manyatta town of Embu County and accessed the strong room failed to open a safe containing money, despite using sophisticated tools. The gang of about six raided the sacco’s premises around 3.30am on Monday February 5, 2018. Embu North OCPD Mark Wanjala said a…
By Munene Maina Nyeri Governor Mutahi Kahiga has pledged to revitalize the co-operative sector in the county. The Governor said his Government will employ more staff in co-operative department to fast-track inspection of all co-operatives. “Co-operatives are essential in our county economy and we are committed to promoting good governance in all societies,” said the…
By Azael Masese The State Department of Co-operatives will soon disburse about Sh170 million to Sot Tea Growers Sacco (Stegro) to revive its operations. This is part of the Sh300 million debt waiver earmarked for the Bomet County based society whose operations were grounded due to illiquidity challenges. Senior Deputy Commissioner Geoffrey Njang’ombe said they…
By Azael Masese Majority of the Sacco actors will turn to Co-operative Education Days to refocus on their growth prospects in the face of hard economic times due to a lingering pro election mood. Globally, this is considered a critical principle in the cooperative movement, as it cultivates a people participation approach in the management…
Midlands Mr Charles Mutai is the new Midlands Sacco board chair, taking over from Mr Wesley Korir. Based in Bomet County, Midlands has a membership of over 18,000 and Mutai is expected to play a vital role in increasing the number, giving a figure of 1,000 as their yearly target.
The government is yet to appoint a new cooperative commissioner for Migori County. Mr Hezron Getui retired from the position towards the end of June 2017 and Mr Abraham Amugune has been in serving in an acting capacity for more than a year now.
Winas Sacco has appointed Pauline Mwaniki as a CEO, replacing David Kariuki, who was elected Embu Deputy Governor. He has been acting in that capacity for two months. Winas chairman Robert Kithanju said they had settled on Mwaniki after she emerged the best in interviews. Speaking during the sacco’s children’s Fun Day held at University…
Kenya Police Sacco Society Chairperson David Mategwa recently received an Honorary Distinguished Award from the African Confederation of Savings and Credit Associations. This was at the 18th SACCA Congress held in Lilongwe, Malawi, whose theme was “Disruptors: Competitive Economy for Human Empowerment”. The event took place between October 25 to 27, 2017.
Robert Shibutse, the immediate former CEO of Mwalimu Sacco has called it a day after an eventful three years at the society. He introduced innovative products and oversaw the construction of the landmark Mwalimu Sacco Towers which is now the head office at Upper Hill, and left after his contract expired and could not be…
