Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Our Reporter Amica Sacco in Murang’a County plans to expand their mobile banking platform Amicash by increasing the number of registered members, setting a target of 70,000 from the already registered 14,000. Chief Executive Officer James Mbui said the move has been initiated to raise the Sacco members’ deposits and increase profits in the…
By Ndichu Kamau Githunguri Dairy and Community (GDC) Sacco has rolled out agency banking to become the first sacco to launch this service in Kiambu County. Also, in an effort to bring services closer to its 23, 318 members, GDC, after authorisation by Insurance Regulatory Authority (IRA), will now offer insurance agency services. These achievements…
By Erick Nyayiera KUSCCO director David Ogega has said that high leadership turnover was killing Saccos in the Nyanza region. Ogega who was speaking during Taraji Sacco’s 40th AGM held in Siaya recently, advised various Sacco members to consider maintaining leadership so as to guarantee steady growth. “Nyanza region Saccos faces a high rate of…
By Our Reporter Savings and credit firm Unaitas has opened a new branch in Kisii town in a strategic move aimed at increasing its footprint countrywide. This will enable it to bring into its fold smallholder tea farmers through agency banking and further bring stiff competition in a region with over 20 financial institutions. Chief…
By Erick Nyayiera KUSCCO director David Ogega has said that high leadership turnover was killing Saccos in the Nyanza region. Ogega who was speaking during Taraji Sacco’s 40th AGM held in Siaya recently, advised various Sacco members to consider maintaining leadership so as to guarantee steady growth. “Nyanza region Saccos faces a high rate of…
By Our Reporter Residents of Siaya County have been asked to form more rural based savings and credit co-operative societies to help them in tapping the various development opportunities. Wilfred Ongoro, a Director of Co-operative Bank observed that a lot of opportunities like the sorghum farming which is currently being supported by the Kenyan Breweries…
By John Ochieng The National Government has handed over to locals a fish processing plant in Rongo Sub-county which was established at a cost of Sh92million through Economic Stimulus Programme in 2010. Director Harun Khator, while officially handing over the plant at Opapo in Rongo, called on the community to invest in fish ponds to…
By Stephen Makabila and Azael Masese A directive by the Government that Sacco board directors should not be paid honoraria or a send off package has raised a storm in the vibrant co-operative sub sector. Board chairs who spoke to Sacco Review noted that the two packages are only meant to reward and recognise the…
By Munene Maina Saccos across the country have introduced a raft of measures to tame the increasing number of loan defaulters. Defaulters in the co-operative movement now risk having their assets seized by the Government to recover the monies owed to the respective savings and credit co-operative societies. The Deputy Commissioner, Geoffrey Jang’ombe said defaulters…
