Month: April 2021

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How Saccos rewarded member dividends

By Malachi Motano Most Saccos rewarded members with favourable dividends in the 2019-2020 financial year despite the challenges posed by the Covd-19 pandemic. The Giant Mwalimu National Sacco (MNS) paid…

Tea factory directors vow to boycott elections

By Kamundia Muriithi Eighteen board members serving on tea factory boards in Embu County have threatened to boycott the forthcoming elections for directors of three tea factories. They have vowed…

Co-ops registration scuttled by Covid-19

By Sammy Chivanga The number of newly registered cooperative societies dropped nearly by a third in the 2019-2020 financial- year. A government report says Covid-19 disruptions made it difficult for…

Kirinyaga co-ops get Sh27.5 million grant

By Kamundia Muriithi Three dairy cooperative societies in Kirinyaga County are set to expand their milk processing and value addition capacities after qualifying for a Sh27.5 million grant from the…

Fund will save Sh2bn Saccos pay banks

By Malachi Motano Savings and Credit Co-operative Societies (Saccos) will save close to Sh2.33 billion they pay as interest income on loans from commercial banks, thanks to the establishment of…

Making housing schemes affordable, gov’t urged

By Kamundia Muriithi Owning a home is a dream that many Kenyans harbour, but few actualise it due to the associated high costs of constructing houses. In recent times, housing…

Women, youth get empowerment funds

By John Majau Cabinet Secretary Margaret Kobia has asked women and youths to apply for loans from the government empowerment funds kitty. Speaking at Kinoru Methodist of Kenya (MCK) Church where…

Sacco registration stalled by pandemic

By Tsozungu Kombe The Covid-19 pandemic has derailed efforts of registering new Saccos in Kwale County. Speaking to Sacco Review in Kwale town recently, the acting Kwale County Cooperatives Commissioner…

Retired teachers to develop Sh143m project

By Our Reporter A group of retired teachers in Nyeri County have launched the construction of a Sh143 million housing project. The group known as Tekimamo (Tetu, Kieni, Mathira, Mukurweini…

Virtual AGM with diaspora members

By Malachi Motano Kimisitu Sacco’s 2021 virtual Annual General Meeting (AGM) conducted in Nairobi attracted participation from 28 countries around the globe.  A member calling all the way from Abidjan…