Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Titus Murithi Nyambene Arimi Sacco members can now access their funds any time courtesy of Automated Teller Machines (ATM) which have been installed at all the Sacco branches. This financial service was a fulfilled pledge which had been promised to members during last year’s (2017) AGM. Also members will be alerted by their mobile…
Titus Murithi Co-operative stakeholders have asked the National Government to put aside proposals affecting Saccos in the current finance bill. Tirus Nyaga, Southern Star Sacco Chairman, said the proposal requiring any bank transfer of Sh500, 000 and above to attract excise duty of 0.05 per cent amounted to double taxation. “The proposal is not good…
By John Majau Meru County Governor Kiraitu Murungi has unveiled a new management board for Kaguru Farmers’ Training Centre (KFTC). The board is meant to ensure that the institution reclaims its lost glory and attains its set development goals. Kiraitu said his Government has allocated the institution Sh10 million for construction of an ultra-modern hall…
By Benedict Ngetich The office of the Kericho Woman Representative has Sh40 million at its disposal for distribution to women groups, co-operatives and for bursaries. Speaking in Chemosot Center of Excellence, the county MP Florence Bore urged those in groups and also individuals to apply for the money. “I am happy to announce at this…
By Munene Maina Scenes of distraught hunger-stricken people in some parts of the country are not so rare. Hunger has remained a recurrent problem that the country has struggled to overcome despite measures taken to ensure food security throughout the country. The National Government has in fact made food security one of its Big Four…
By Our Reporter The Garissa County Executive of Trade Tourism and Gender, Ugas Adow Jubat has called on all residents to be wary of fake Sacco’s which he said have set base in the county. He advised residents to carry out extensive research about any Sacco before investing their money in them. Jubat said some…
By Amoto Dennis Islamic banks have been urged to be part of Government’s Big Four Agenda. Treasury Permanent Secretary Dr Kamau Thugee said the finance institutions were in a position to facilitate universal healthcare, affordable houses and food security. He said the banks had quality products that can address the issue. The PS was speaking…
By Our Reporter Saccos are among financial institutions that have defaulted on repayment of Youth Enterprise Development Funds (YEDF). National Assembly Special Funds Accounts committee led by South Imenti MP Kathuri Murungi has directed the fund’s CEO Josiah Moriasi to recover all the interests, penalties and full principal amounts. Appearing before the committee Moriasi said…
By Our Reporter County Government of Nakuru is determined to support the co-==operative movement for positive growth. The County Co-operative Director Naftali Omari said that they are looking forward to celebrate 96th International Co-operative Day locally called Ushirika Day. The day will be marked on July 7, this year. He said members of cooperative movement…
By Benedict Ngetich Most of the local savings and credit societies are cautiously piloting the new trends of mobile technology which come with a myriad of challenges. From the big societies to those still struggling with recruitment of members, the trend is to venture into mobile banking, this despite the menace of Cyber Crime rearing…
