Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
By Tsozungu Kombe Taita Taveta County has registered seven new Saccos according to Cooperative Development director, Erastus Gonzi. These include women Saccos, two Boda Boda Saccos and one farmers’ Sacco. He said that four other new Saccos are currently under the process of registration and urged residents to join co-operatives in large numbers to uplift…
By Florence Norah Poor leadership is to blame for the collapse of co-operative societies in Migori County Sony Sugar Sacco manager George Mboya noted many societies in the area have collapsed due to lack of good leadership skills denying the region development. Mboya, who was speaking during Ushirika Day celebrations, noted that the cooperatives create…
By Jackson Okoth The Co-operative Tribunal has released to the public, a calendar of its sittings outside Nairobi, as the quasi-judicial body rushes to clear matters that have been pending before it. These hearings will happen in the period between July 2019 and June 2020. This Tribunal is a specialized court established under section 77…
By Godfrey Wamalwa Busia Governor Sospeter Ojaamong has urged Sacco members to make timely loan repayments. This, he said, will boost the institution’s financial base. Governor Ojaamong was addressing members of Malaba Border Riders Sacco recently during a funds drive to support purchase of a mini-bus. He noted that without discipline in lending and repayment…
By Benedicto Ng’etich Kericho County Director of Cooperatives Leonard Otii has advised Saccos affiliated to giant multinationals to device other means of survival in the face of dwindling membership. Otii expressed fear over the survival of the societies after the parent companies started early retirements of employees due to what has been seen as the…
By Kamundia Muriithi Twenty-four co-operative societies in Embu County are struggling to pay a Sh90 million loan borrowed five years ago to set up a coffee mill that has since stalled. The debt has ballooned to Sh127 million as most societies are unable to service the loan. Each society was to pay Sh3.8 million, while…
By Wasike Elvis and Rosemil Oduor Uasin Gishu County Executive Committee Member in charge of Cooperatives and Enterprise Development, Esther Mutai, has urged the government to consider revoking the cancellation of Moi University Sacco. She noted it was wrong for the State Department of Cooperatives to revoke the license without following the due procedure. She…
